A share price of AvidXchange Holdings Inc [AVDX] is currently trading at $8.25, up 2.10%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AVDX shares have gain 8.84% over the last week, with a monthly amount glided 6.18%, and 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 September 04, 2024, when Compass Point initiated its Neutral rating and assigned the stock a price target of $8. Previously, JP Morgan downgraded its rating to Neutral on August 20, 2024, and dropped its price target to $9. On August 01, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $10 on the stock. Goldman downgraded its rating to a Sell and decreased its price target to $11.50 on April 15, 2024. Keefe Bruyette initiated its recommendation with a Mkt Perform and recommended $13.50 as its price target on April 09, 2024. Piper Sandler downgraded its rating to Neutral for this stock on January 02, 2024, and upped its price target to $13. In a note dated December 06, 2023, BTIG Research initiated an Buy rating and provided a target price of $14 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 $11.69 within the next 12 months. AvidXchange Holdings Inc [NASDAQ: AVDX] shares were valued at $8.25 at the most recent close of the market. An investor can expect a potential return of 41.7% based on the average AVDX price forecast.
Analyzing the AVDX fundamentals
Trailing Twelve Months sales for AvidXchange Holdings Inc [NASDAQ:AVDX] were 413.47M which represents 15.33% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
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 8.12 points at the first support level, and at 7.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.35, and for the 2nd resistance point, it is at 8.46.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AvidXchange Holdings Inc [NASDAQ:AVDX] is 1.36. Also, the Quick Ratio is 1.36, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 4.15, the price to book ratio is 2.50.
Transactions by insiders
Recent insider trading involved RYAN STAHL, Officer, that happened on Sep 23 ’24 when 7621.0 shares were purchased., Stahl Ryan completed a deal on Sep 13 ’24 to sell 2649.0 shares. Meanwhile, Officer RYAN STAHL bought 2649.0 shares on Sep 13 ’24.
