Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
After finishing at $9.77 in the prior trading day, AvidXchange Holdings Inc (NASDAQ: AVDX) closed at $9.49, down -2.87%. In other words, the price has decreased by -$2.87 from its previous closing price. On the day, 1.31 million shares were traded.
Ratios:
Our goal is to gain a better understanding of AVDX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.05. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.57 while its Price-to-Book (P/B) ratio in mrq is 2.88.
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 -9.21%, while the 200-Day Moving Average is calculated to be -5.07%.
Shares Statistics:
A total of 205.52M shares are outstanding, with a floating share count of 161.53M. Insiders hold about 21.48% of the company’s shares, while institutions hold 71.92% stake in the company.
