AvidXchange Holdings Inc [AVDX] stock prices are up 0.70% to $10.07 at the moment. 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 21.18% over the last week, with a monthly amount glided 29.10%, 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 November 07, 2024, when Compass Point upgraded its rating to a Buy and also boosted its price target to $15 from $8. Previously, Compass Point started tracking the stock with Neutral rating on September 04, 2024, and set its price target to $8. On August 20, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $9 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $10 on August 01, 2024. Goldman downgraded its rating to a Sell and reduced its price target to $11.50 on April 15, 2024. Keefe Bruyette started tracking with a Mkt Perform rating for this stock on April 09, 2024, and assigned it a price target of $13.50. In a note dated January 02, 2024, Piper Sandler downgraded an Neutral rating on this stock and boosted its target price from $12 to $13.
The stock price of AvidXchange Holdings Inc [AVDX] has been fluctuating between $7.38 and $13.56 over the past year. Currently, Wall Street analysts expect the stock to reach $11.75 within the next 12 months. AvidXchange Holdings Inc [NASDAQ: AVDX] shares were valued at $10.07 at the most recent close of the market. An investor can expect a potential return of 16.68% based on the average AVDX price forecast.
Analyzing the AVDX fundamentals
The AvidXchange Holdings Inc [NASDAQ:AVDX] reported sales of 427.57M for trailing twelve months, representing a surge of 14.28%. 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 9.88 points at the first support level, and at 9.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.18, and for the 2nd resistance point, it is at 10.28.
Ratios To Look Out For
It’s worth pointing out that AvidXchange Holdings Inc [NASDAQ:AVDX]’s Current Ratio is 1.32. As well, the Quick Ratio is 1.32, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 4.93, the price to book ratio is 3.06.
Transactions by insiders
Recent insider trading involved Stahl Ryan, that happened on Nov 06 ’24 when 5140.0 shares were sold. Officer, Cunningham Todd Alan completed a deal on Nov 07 ’24 to buy 12500.0 shares. Meanwhile, Officer RYAN STAHL bought 5140.0 shares on Nov 06 ’24.
