Additionally, the 36-month beta value for AVDX is 1.20. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for AVDX is 163.93M and currently, short sellers hold a 3.24% ratio of that float. The average trading volume of AVDX on December 12, 2024 was 1.94M shares.
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AVDX) stock’s latest price update
The stock price of AvidXchange Holdings Inc (NASDAQ: AVDX) has surged by 1.44 when compared to previous closing price of 11.11, but the company has seen a -1.66% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-13 that CHARLOTTE, N.C., Nov. 13, 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 members of the management team will participate in the following investor conferences:
AVDX’s Market Performance
AvidXchange Holdings Inc (AVDX) has seen a -1.66% fall in stock performance for the week, with a 7.54% gain in the past month and a 45.61% surge in the past quarter. The volatility ratio for the week is 2.97%, and the volatility levels for the past 30 days are at 2.72% for AVDX. The simple moving average for the past 20 days is 1.39% for AVDX’s stock, with a 7.81% simple moving average for the past 200 days.
Analysts’ Opinion of AVDX
Compass Point, on the other hand, stated in their research note that they expect to see AVDX reach a price target of $15, previously predicting the price at $8. The rating they have provided for AVDX stocks is “Buy” according to the report published on November 07th, 2024.
Compass Point gave a rating of “Neutral” to AVDX, setting the target price at $8 in the report published on September 04th of the current year.
AVDX Trading at 17.89% 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 -16.89% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares surge +5.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.02% upper at present.
During the last 5 trading sessions, AVDX fell by -1.66%, which changed the moving average for the period of 200-days by -7.17% in comparison to the 20-day moving average, which settled at $11.11. In addition, AvidXchange Holdings Inc saw -9.04% 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 HAUSMAN JAMES E, who sale 25,000 shares at the price of $11.25 back on Dec 09 ’24. After this action, HAUSMAN JAMES E now owns 2,112,232 shares of AvidXchange Holdings Inc, valued at $281,288 using the latest closing price.
Mackintosh Teresa, the Director of AvidXchange Holdings Inc, sale 13,316 shares at $11.44 during a trade that took place back on Dec 06 ’24, which means that Mackintosh Teresa is holding 47,388 shares at $152,370 based on the most recent closing price.
Stock Fundamentals for AVDX
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.65 for the gross margin
The net margin for AvidXchange Holdings Inc stands at -0.0. The total capital return value is set at -0.01. Equity return is now at value -0.15, with -0.05 for asset returns.
Based on AvidXchange Holdings Inc (AVDX), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 4.05. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -0.77.
Currently, EBITDA for the company is 3.3 million with net debt to EBITDA at -4.67. When we switch over and look at the enterprise to sales, we see a ratio of 4.87. The receivables turnover for the company is 6.1for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
In conclusion, AvidXchange Holdings Inc (AVDX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
