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The price of AvidXchange Holdings Inc (NASDAQ: AVDX) closed at $10.00 in the last session, up 3.31% from day before closing price of $9.68. In other words, the price has increased by $3.31 from its previous closing price. On the day, 3.34 million shares were traded. AVDX stock price reached its highest trading level at $10.0 during the session, while it also had its lowest trading level at $9.71.
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 1.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.71. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 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 Nov-08-24, 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 06 ’24 when RYAN STAHL bought 5,140 shares for $8.50 per share.
Stahl Ryan sold 7,427 shares of AVDX for $63,742 on Oct 16 ’24. The insider now owns 369,603 shares after completing the transaction at $8.58 per share. On Oct 16 ’24, another insider, RYAN STAHL, who serves as the Officer of the company, bought 7,427 shares for $8.43 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 2055180032 and an Enterprise Value of 1741779840. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.86 while its Price-to-Book (P/B) ratio in mrq is 3.04. Its current Enterprise Value per Revenue stands at 4.074 whereas that against EBITDA is 62.616.
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 22.86%, while the 200-Day Moving Average is calculated to be -5.11%.
Shares Statistics:
According to the various share statistics, AVDX traded on average about 1.95M shares per day over the past 3-months and 2714390 shares per day over the past 10 days. A total of 204.08M shares are outstanding, with a floating share count of 159.79M. Insiders hold about 23.12% of the company’s shares, while institutions hold 76.01% stake in the company. Shares short for AVDX as of 1728950400 were 5240741 with a Short Ratio of 2.68, compared to 1726185600 on 4891775. Therefore, it implies a Short% of Shares Outstanding of 5240741 and a Short% of Float of 2.8099999.
