The stock of AvidXchange Holdings Inc (AVDX) has gone down by -1.78% for the week, with a 0.61% rise in the past month and a -34.86% drop in the past quarter. The volatility ratio for the week is 2.80%, and the volatility levels for the past 30 days are 3.27% for AVDX. The simple moving average for the last 20 days is 1.89% for AVDX’s stock, with a simple moving average of -22.60% for the last 200 days.
Is It Worth Investing in AvidXchange Holdings Inc (NASDAQ: AVDX) Right Now?
The 36-month beta value for AVDX is at 1.02. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 as “hold,” and 2 as “sell.”
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The public float for AVDX is 159.79M, and currently, shorts hold a 3.54% of that float. The average trading volume for AVDX on October 24, 2024 was 2.49M shares.
AVDX) stock’s latest price update
AvidXchange Holdings Inc (NASDAQ: AVDX) has experienced a decline in its stock price by -2.02 compared to its previous closing price of 8.43. However, the company has seen a fall of -1.78% in its stock price over the last five trading days. globenewswire.com reported 2024-10-23 that AvidXchange announces winners of the inaugural Change Maker Awards. The 2024 honorees feature six innovative accounts payable professionals driving change.
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 3.17% 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 -39.09% of loss for the given period.
Volatility was left at 3.27%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares surge +2.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.48% upper at present.
During the last 5 trading sessions, AVDX fell by -1.78%, which changed the moving average for the period of 200-days by -28.55% in comparison to the 20-day moving average, which settled at $8.11. In addition, AvidXchange Holdings Inc saw -33.33% 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 7,427 shares at the price of $8.58 back on Oct 16 ’24. After this action, Stahl Ryan now owns 369,603 shares of AvidXchange Holdings Inc, valued at $63,742 using the latest closing price.
RYAN STAHL, the Officer of AvidXchange Holdings Inc, proposed sale 7,427 shares at $8.43 during a trade that took place back on Oct 16 ’24, which means that RYAN STAHL is holding shares at $62,610 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 3.59. 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
In conclusion, AvidXchange Holdings Inc (AVDX) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
