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The price of AvidXchange Holdings Inc (NASDAQ: AVDX) closed at $12.00 in the last session, down -1.32% from day before closing price of $12.16. In other words, the price has decreased by -$1.32 from its previous closing price. On the day, 0.73 million shares were traded. AVDX stock price reached its highest trading level at $12.2 during the session, while it also had its lowest trading level at $11.98.
Ratios:
We take a closer look at AVDX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 98.07. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.20.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on April 15, 2024, Downgraded its rating to Sell and sets its target price to $11.50 from $13 previously.
On April 09, 2024, Keefe Bruyette started tracking the stock assigning a Mkt Perform rating and target price of $13.50.
Piper Sandler Downgraded its Overweight to Neutral on January 02, 2024, whereas the target price for the stock was revised from $12 to $13.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 11 ’24 when Praeger Michael sold 29,192 shares for $10.85 per share. The transaction valued at 316,675 led to the insider holds 10,440,510 shares of the business.
Cunningham Todd Alan sold 28,424 shares of AVDX for $313,289 on May 23 ’24. The insider now owns 336,017 shares after completing the transaction at $11.02 per share. On May 20 ’24, another insider, Praeger Michael, who serves as the Chief Executive Officer of the company, sold 43,738 shares for $11.11 each. As a result, the insider received 486,117 and left with 10,440,510 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AVDX now has a Market Capitalization of 2493673984 and an Enterprise Value of 2193419008. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.21 while its Price-to-Book (P/B) ratio in mrq is 3.70. Its current Enterprise Value per Revenue stands at 5.49 whereas that against EBITDA is -1209.162.
Stock Price History:
Over the past 52 weeks, AVDX has reached a high of $13.56, while it has fallen to a 52-week low of $6.88. The 50-Day Moving Average of the stock is 6.26%, while the 200-Day Moving Average is calculated to be 8.69%.
Shares Statistics:
According to the various share statistics, AVDX traded on average about 1.76M shares per day over the past 3-months and 2277540 shares per day over the past 10 days. A total of 204.08M shares are outstanding, with a floating share count of 158.44M. Insiders hold about 23.31% of the company’s shares, while institutions hold 72.26% stake in the company. Shares short for AVDX as of 1718323200 were 8439337 with a Short Ratio of 4.80, compared to 1715731200 on 7728700. Therefore, it implies a Short% of Shares Outstanding of 8439337 and a Short% of Float of 4.5600000000000005.
Earnings Estimates
Currently, 11.0 analysts are dedicated to thoroughly evaluating and rating the performance of AvidXchange Holdings Inc (AVDX) in the stock market.On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.03, while EPS last year was $0. The consensus estimate for the next quarter is $0.06, with high estimates of $0.08 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.32 and $0.19 for the fiscal current year, implying an average EPS of $0.24. EPS for the following year is $0.37, with 11.0 analysts recommending between $0.49 and $0.29.
Revenue Estimates
According to 13 analysts, the current quarter’s revenue is expected to be $106.86M. It ranges from a high estimate of $109.01M to a low estimate of $105.4M. As of the current estimate, AvidXchange Holdings Inc’s year-ago sales were $88.99MFor the next quarter, 13 analysts are estimating revenue of $115.37M. There is a high estimate of $118M for the next quarter, whereas the lowest estimate is $113.89M.
A total of 15 analysts have provided revenue estimates for AVDX’s current fiscal year. The highest revenue estimate was $457M, while the lowest revenue estimate was $444M, resulting in an average revenue estimate of $447.38M. In the same quarter a year ago, actual revenue was $380.72MBased on 15 analysts’ estimates, the company’s revenue will be $517.1M in the next fiscal year. The high estimate is $525.65M and the low estimate is $501.92M.
