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AvidXchange Holdings Inc (NASDAQ: AVDX) closed the day trading at $12.64 up 1.77% from the previous closing price of $12.42. In other words, the price has increased by $1.77 from its previous closing price. On the day, 2.37 million shares were traded. AVDX stock price reached its highest trading level at $12.73 during the session, while it also had its lowest trading level at $12.47.
Ratios:
For a better understanding of AVDX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 103.30. 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:
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 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 2611436544 and an Enterprise Value of 2311181568. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.54 while its Price-to-Book (P/B) ratio in mrq is 3.89. Its current Enterprise Value per Revenue stands at 5.785 whereas that against EBITDA is -1274.08.
Stock Price History:
The Beta on a monthly basis for AVDX is 1.05, which has changed by 0.05245626 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. 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 11.30%, while the 200-Day Moving Average is calculated to be 13.27%.
Shares Statistics:
Over the past 3-months, AVDX traded about 1.82M shares per day on average, while over the past 10 days, AVDX traded about 1562000 shares per day. 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 1719532800 were 8723742 with a Short Ratio of 4.79, compared to 1717113600 on 6693591. Therefore, it implies a Short% of Shares Outstanding of 8723742 and a Short% of Float of 4.71.
