A share price of AvidXchange Holdings Inc [AVDX] is currently trading at $9.68, up 13.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The AVDX shares have gain 14.96% over the last week, with a monthly amount glided 24.90%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $7.38 and $13.56. Currently, Wall Street analysts expect the stock to reach $11.39 within the next 12 months. AvidXchange Holdings Inc [NASDAQ: AVDX] shares were valued at $9.68 at the most recent close of the market. An investor can expect a potential return of 17.67% based on the average AVDX price forecast.
Analyzing the AVDX fundamentals
Trailing Twelve Months sales for AvidXchange Holdings Inc [NASDAQ:AVDX] were 427.57M which represents 14.28% growth. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 9.24 points at the first support level, and at 8.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.97, and for the 2nd resistance point, it is at 10.27.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AvidXchange Holdings Inc [NASDAQ:AVDX] is 1.32. On the other hand, the Quick Ratio is 1.36, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 4.71, the price to book ratio is 2.94.
Transactions by insiders
Recent insider trading involved RYAN STAHL, Officer, that happened on Nov 06 ’24 when 5140.0 shares were purchased., Stahl Ryan completed a deal on Oct 16 ’24 to sell 7427.0 shares. Meanwhile, Officer RYAN STAHL bought 7427.0 shares on Oct 16 ’24.
