In the past week, AVDX stock has gone up by 8.77%, with a monthly gain of 11.21% and a quarterly plunge of -33.15%. The volatility ratio for the week is 4.71%, and the volatility levels for the last 30 days are 3.37% for AvidXchange Holdings Inc The simple moving average for the last 20 days is 5.67% for AVDX stock, with a simple moving average of -21.72% for the last 200 days.
Is It Worth Investing in AvidXchange Holdings Inc (NASDAQ: AVDX) Right Now?
AVDX has 36-month beta value of 1.01. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 2 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for AVDX is 159.80M, and currently, short sellers hold a 3.54% ratio of that float. The average trading volume of AVDX on October 16, 2024 was 2.48M shares.
AVDX) stock’s latest price update
AvidXchange Holdings Inc (NASDAQ: AVDX) has seen a rise in its stock price by 3.06 in relation to its previous close of 8.18. However, the company has experienced a 8.77% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-08 that AvidXchange Holdings, Inc. (AVDX) closed at $7.75 in the latest trading session, marking a +1.17% move from the prior day.
Analysts’ Opinion of AVDX
Many brokerage firms have already submitted their reports for AVDX stocks, with Compass Point repeating the rating for AVDX by listing it as a “Neutral.” The predicted price for AVDX in the upcoming period, according to Compass Point is $8 based on the research report published on September 04, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see AVDX reach a price target of $9, previously predicting the price at $11. The rating they have provided for AVDX stocks is “Neutral” according to the report published on August 20th, 2024.
UBS gave a rating of “Neutral” to AVDX, setting the target price at $10 in the report published on August 01st of the current year.
AVDX Trading at 6.31% 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 -37.83% of loss for the given period.
Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 4.71%, as shares surge +13.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.21% upper at present.
During the last 5 trading sessions, AVDX rose by +8.77%, which changed the moving average for the period of 200-days by -32.88% in comparison to the 20-day moving average, which settled at $7.98. In addition, AvidXchange Holdings Inc saw -31.96% 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 Stahl Ryan, who sale 7,621 shares at the price of $8.13 back on Sep 23 ’24. After this action, Stahl Ryan now owns 377,030 shares of AvidXchange Holdings Inc, valued at $61,997 using the latest closing price.
RYAN STAHL, the Officer of AvidXchange Holdings Inc, proposed sale 7,621 shares at $8.08 during a trade that took place back on Sep 23 ’24, which means that RYAN STAHL is holding shares at $61,578 based on the most recent closing price.
Stock Fundamentals for AVDX
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.64 for the gross margin
The net margin for AvidXchange Holdings Inc stands at -0.03. The total capital return value is set at -0.02. Equity return is now at value -1.98, with -0.63 for asset returns.
Based on AvidXchange Holdings Inc (AVDX), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.58. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -3.03.
Currently, EBITDA for the company is -10.76 million with net debt to EBITDA at -10.86. When we switch over and look at the enterprise to sales, we see a ratio of 3.68. The receivables turnover for the company is 6.59for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
To put it simply, AvidXchange Holdings Inc (AVDX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
