The stock has a 36-month beta value of 1.20. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for AVDX is 163.97M, and at present, short sellers hold a 3.24% of that float. On December 17, 2024, the average trading volume of AVDX was 1.89M shares.
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AVDX) stock’s latest price update
AvidXchange Holdings Inc (NASDAQ: AVDX)’s stock price has dropped by -0.40 in relation to previous closing price of 11.29. Nevertheless, the company has seen a gain of 1.22% in its stock price over the last five trading days. 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 1.22% rise in stock performance for the week, with a 7.71% gain in the past month and a 48.16% surge in the past quarter. The volatility ratio for the week is 2.47%, and the volatility levels for the past 30 days are at 2.70% for AVDX. The simple moving average for the past 20 days is 0.10% for AVDX’s stock, with a 7.94% simple moving average for the past 200 days.
Analysts’ Opinion of AVDX
Many brokerage firms have already submitted their reports for AVDX stocks, with BTIG Research repeating the rating for AVDX by listing it as a “Buy.” The predicted price for AVDX in the upcoming period, according to BTIG Research is $14 based on the research report published on December 11, 2024 of the current year 2024.
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 14.38% 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 -17.07% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares surge +6.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.54% upper at present.
During the last 5 trading sessions, AVDX rose by +1.04%, which changed the moving average for the period of 200-days by -13.72% in comparison to the 20-day moving average, which settled at $11.23. In addition, AvidXchange Holdings Inc saw -9.24% 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 Mackintosh Teresa, who sale 400 shares at the price of $11.04 back on Dec 10 ’24. After this action, Mackintosh Teresa now owns 46,988 shares of AvidXchange Holdings Inc, valued at $4,414 using the latest closing price.
HAUSMAN JAMES E, the Director of AvidXchange Holdings Inc, sale 25,000 shares at $11.25 during a trade that took place back on Dec 09 ’24, which means that HAUSMAN JAMES E is holding 2,112,232 shares at $281,288 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 4.88. 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
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
