AvidXchange Holdings Inc [AVDX] stock is trading at $7.85, down -2.61%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AVDX shares have gain 3.70% over the last week, with a monthly amount drifted -37.90%, 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 August 01, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $10 from $15. Previously, Goldman downgraded its rating to Sell on April 15, 2024, and dropped its price target to $11.50. On April 09, 2024, Keefe Bruyette initiated with a Mkt Perform rating and assigned a price target of $13.50 on the stock. Piper Sandler downgraded its rating to a Neutral and increased its price target to $13 on January 02, 2024. BTIG Research initiated its recommendation with a Buy and recommended $14 as its price target on December 06, 2023. BMO Capital Markets started tracking with a Market Perform rating for this stock on December 05, 2023, and assigned it a price target of $11. In a note dated October 31, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $9 on this stock.
AvidXchange Holdings Inc [AVDX] stock has fluctuated between $6.88 and $13.56 over the past year. Currently, Wall Street analysts expect the stock to reach $11.69 within the next 12 months. AvidXchange Holdings Inc [NASDAQ: AVDX] shares were valued at $7.85 at the most recent close of the market. An investor can expect a potential return of 48.92% based on the average AVDX price forecast.
Analyzing the AVDX fundamentals
AvidXchange Holdings Inc [NASDAQ:AVDX] reported sales of 413.47M for the trailing twelve months, which represents a growth of 15.33%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
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 7.70 points at the first support level, and at 7.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.09, and for the 2nd resistance point, it is at 8.34.
Ratios To Look Out For
For context, AvidXchange Holdings Inc’s Current Ratio is 1.36. In addition, the Quick Ratio stands at 1.36 and the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 3.95, the price to book ratio is 2.38.
Transactions by insiders
Recent insider trading involved Praeger Michael, Chief Executive Officer, that happened on Jun 11 ’24 when 29192.0 shares were sold., Cunningham Todd Alan completed a deal on May 23 ’24 to sell 28424.0 shares. Meanwhile, Chief Executive Officer Praeger Michael sold 43738.0 shares on May 20 ’24.
