For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, AvidXchange Holdings Inc (NASDAQ: AVDX) closed at $9.80 down -3.16% from its previous closing price of $10.12. In other words, the price has decreased by -$3.16 from its previous closing price. On the day, 5.17 million shares were traded. AVDX stock price reached its highest trading level at $10.1 during the session, while it also had its lowest trading level at $9.77.
Ratios:
For a deeper understanding of AvidXchange Holdings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.10. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.32. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
On November 07, 2024, Compass Point Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $8 to $15.
On September 04, 2024, Compass Point started tracking the stock assigning a Neutral rating and target price of $8.Compass Point initiated its Neutral rating on September 04, 2024, with a $8 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 10 ’24 when Mackintosh Teresa sold 400 shares for $11.04 per share. The transaction valued at 4,414 led to the insider holds 46,988 shares of the business.
HAUSMAN JAMES E sold 25,000 shares of AVDX for $281,288 on Dec 09 ’24. The Director now owns 2,112,232 shares after completing the transaction at $11.25 per share. On Dec 06 ’24, another insider, Mackintosh Teresa, who serves as the Director of the company, sold 13,316 shares for $11.44 each. As a result, the insider received 152,370 and left with 47,388 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 2016114816 and an Enterprise Value of 1702717440. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.72 while its Price-to-Book (P/B) ratio in mrq is 2.98. Its current Enterprise Value per Revenue stands at 3.982 whereas that against EBITDA is 60.651.
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 $7.38. The 50-Day Moving Average of the stock is -6.12%, while the 200-Day Moving Average is calculated to be -4.38%.
Shares Statistics:
For the past three months, AVDX has traded an average of 1.77M shares per day and 1159490 over the past ten days. A total of 205.52M shares are outstanding, with a floating share count of 163.97M. Insiders hold about 20.30% of the company’s shares, while institutions hold 74.39% stake in the company. Shares short for AVDX as of 1734048000 were 4615337 with a Short Ratio of 2.61, compared to 1731628800 on 5194573. Therefore, it implies a Short% of Shares Outstanding of 4615337 and a Short% of Float of 2.5100000000000002.
