A share price of AvidXchange Holdings Inc [AVDX] is currently trading at $12.06, up 1.43%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AVDX shares have gain 1.94% over the last week, with a monthly amount drifted -1.79%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
AvidXchange Holdings Inc [NASDAQ: AVDX] stock has seen the most recent analyst activity on April 15, 2024, when Goldman downgraded its rating to a Sell and also revised its price target to $11.50 from $13. Previously, Keefe Bruyette started tracking the stock with Mkt Perform rating on April 09, 2024, and set its price target to $13.50. On January 02, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $13 on the stock. BTIG Research started tracking the stock assigning a Buy rating and suggested a price target of $14 on December 06, 2023. BMO Capital Markets initiated its recommendation with a Market Perform and recommended $11 as its price target on December 05, 2023. Wells Fargo started tracking with a Equal Weight rating for this stock on October 31, 2023, and assigned it a price target of $9. In a note dated October 20, 2023, UBS initiated an Buy rating and provided a target price of $11.50 on this stock.
AvidXchange Holdings Inc experienced fluctuations in its stock price throughout the past year between $6.88 and $13.56. Currently, Wall Street analysts expect the stock to reach $12.1 within the next 12 months. AvidXchange Holdings Inc [NASDAQ: AVDX] shares were valued at $12.06 at the most recent close of the market. An investor can expect a potential return of 0.33% based on the average AVDX price forecast.
Analyzing the AVDX fundamentals
Trailing Twelve Months sales for AvidXchange Holdings Inc [NASDAQ:AVDX] were 380.72M which represents 20.76% growth. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.07 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.87 points at the first support level, and at 11.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.16, and for the 2nd resistance point, it is at 12.27.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AvidXchange Holdings Inc [NASDAQ:AVDX] is 1.25. As well, the Quick Ratio is 1.25, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 6.54, the price to book ratio is 3.75.
Transactions by insiders
Recent insider trading involved Drees Daniel, President, that happened on Mar 20 ’24 when 17604.0 shares were sold., Stahl Ryan completed a deal on Mar 18 ’24 to sell 4217.0 shares. Meanwhile, Wilhite Joel sold 0.14 million shares on Mar 15 ’24.
