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The price of AvidXchange Holdings Inc (NASDAQ: AVDX) closed at $10.66 in the last session, up 1.72% from day before closing price of $10.48. In other words, the price has increased by $1.72 from its previous closing price. On the day, 1.5 million shares were traded. AVDX stock price reached its highest trading level at $10.765 during the session, while it also had its lowest trading level at $10.42.
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 5.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.00. 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.
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, Compass Point on November 07, 2024, Upgraded its rating to Buy and sets its target price to $15 from $8 previously.
On September 04, 2024, Compass Point started tracking the stock assigning a Neutral rating and target price of $8.
JP Morgan Downgraded its Overweight to Neutral on August 20, 2024, whereas the target price for the stock was revised from $11 to $9.
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 Nov 07 ’24 when Cunningham Todd Alan sold 12,500 shares for $10.00 per share. The transaction valued at 125,000 led to the insider holds 325,726 shares of the business.
Stahl Ryan sold 5,140 shares of AVDX for $48,470 on Nov 06 ’24. The insider now owns 384,467 shares after completing the transaction at $9.43 per share. On Nov 07 ’24, another insider, Cunningham Todd Alan, who serves as the Officer of the company, bought 12,500 shares for $9.94 each.
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 2190821888 and an Enterprise Value of 1879641856. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.13 while its Price-to-Book (P/B) ratio in mrq is 3.24. Its current Enterprise Value per Revenue stands at 4.396 whereas that against EBITDA is 66.953.
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 28.76%, while the 200-Day Moving Average is calculated to be 1.26%.
Shares Statistics:
According to the various share statistics, AVDX traded on average about 1.99M shares per day over the past 3-months and 2710820 shares per day over the past 10 days. A total of 204.08M shares are outstanding, with a floating share count of 158.16M. Insiders hold about 23.12% of the company’s shares, while institutions hold 73.65% stake in the company. Shares short for AVDX as of 1728950400 were 5240741 with a Short Ratio of 2.27, compared to 1726185600 on 4891775. Therefore, it implies a Short% of Shares Outstanding of 5240741 and a Short% of Float of 2.8099999.
