The stock has a 36-month beta value of 1.08. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AVDX is 157.64M, and at present, short sellers hold a 4.37% of that float. On May 08, 2024, the average trading volume of AVDX was 1.70M shares.
AVDX) stock’s latest price update
AvidXchange Holdings Inc (NASDAQ: AVDX)’s stock price has decreased by -1.24 compared to its previous closing price of 12.14. However, the company has seen a 2.83% increase in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-09 that CHARLOTTE, N.C., April 09, 2024 (GLOBE NEWSWIRE) — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its first quarter 2024 ended March 31, 2024, financial results will be released on Wednesday, May 8, 2024. AvidXchange will host a conference call at 10:00 AM ET on May 8, 2024, to discuss the company’s financial results.
AVDX’s Market Performance
AvidXchange Holdings Inc (AVDX) has experienced a 2.83% rise in stock performance for the past week, with a -4.08% drop in the past month, and a 3.54% rise in the past quarter. The volatility ratio for the week is 2.98%, and the volatility levels for the past 30 days are at 2.76% for AVDX. The simple moving average for the past 20 days is 1.62% for AVDX’s stock, with a 9.59% simple moving average for the past 200 days.
Analysts’ Opinion of AVDX
Many brokerage firms have already submitted their reports for AVDX stocks, with Goldman repeating the rating for AVDX by listing it as a “Sell.” The predicted price for AVDX in the upcoming period, according to Goldman is $11.50 based on the research report published on April 15, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see AVDX reach a price target of $13.50. The rating they have provided for AVDX stocks is “Mkt Perform” according to the report published on April 09th, 2024.
Piper Sandler gave a rating of “Neutral” to AVDX, setting the target price at $13 in the report published on January 02nd of the current year.
AVDX Trading at -2.90% from the 50-Day Moving Average
After a stumble in the market that brought AVDX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.58% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares sank -2.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.64% lower at present.
During the last 5 trading sessions, AVDX rose by +2.83%, which changed the moving average for the period of 200-days by +0.33% in comparison to the 20-day moving average, which settled at $11.78. In addition, AvidXchange Holdings Inc saw -3.23% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AVDX starting from Drees Daniel, who sale 17,604 shares at the price of $13.02 back on Mar 20 ’24. After this action, Drees Daniel now owns 750,744 shares of AvidXchange Holdings Inc, valued at $229,142 using the latest closing price.
Stahl Ryan, the of AvidXchange Holdings Inc, sale 4,217 shares at $12.43 during a trade that took place back on Mar 18 ’24, which means that Stahl Ryan is holding 384,588 shares at $52,417 based on the most recent closing price.
Stock Fundamentals for AVDX
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.66 for the gross margin
The net margin for AvidXchange Holdings Inc stands at -0.12. The total capital return value is set at -0.06. Equity return is now at value -7.20, with -2.02 for asset returns.
Based on AvidXchange Holdings Inc (AVDX), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -3.86.
Currently, EBITDA for the company is -10.76 million with net debt to EBITDA at 178.96. When we switch over and look at the enterprise to sales, we see a ratio of 5.81. The receivables turnover for the company is 6.75for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To sum up, AvidXchange Holdings Inc (AVDX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
