Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The price of AvidXchange Holdings Inc (NASDAQ: AVDX) closed at $9.99 in the last session, down -1.67% from day before closing price of $10.16. In other words, the price has decreased by -$1.67 from its previous closing price. On the day, 0.88 million shares were traded. AVDX stock price reached its highest trading level at $10.255 during the session, while it also had its lowest trading level at $9.965.
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 5.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.74. 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:
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 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 2055202688 and an Enterprise Value of 1741805440. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.81 while its Price-to-Book (P/B) ratio in mrq is 3.03. Its current Enterprise Value per Revenue stands at 4.074 whereas that against EBITDA is 62.043.
Stock Price History:
The Beta on a monthly basis for AVDX is 1.22, which has changed by -0.17331165 over the last 52 weeks, in comparison to a change of 0.21313763 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 $7.38. The 50-Day Moving Average of the stock is -6.05%, while the 200-Day Moving Average is calculated to be -0.67%.
Shares Statistics:
According to the various share statistics, AVDX traded on average about 1.53M shares per day over the past 3-months and 1305530 shares per day over the past 10 days. A total of 205.52M shares are outstanding, with a floating share count of 161.55M. Insiders hold about 21.47% of the company’s shares, while institutions hold 73.77% stake in the company. Shares short for AVDX as of 1738281600 were 4176193 with a Short Ratio of 3.29, compared to 1735603200 on 5096399. Therefore, it implies a Short% of Shares Outstanding of 4176193 and a Short% of Float of 2.27.
