At the time of writing, AvidXchange Holdings Inc [AVDX] stock is trading at $11.46, down -1.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The AVDX shares have gain 7.71% over the last week, with a monthly amount glided 36.27%, 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.
For the past year, the stock price of AvidXchange Holdings Inc fluctuated between $7.38 and $13.56. 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 $11.46 at the most recent close of the market. An investor can expect a potential return of 2.53% based on the average AVDX price forecast.
Analyzing the AVDX fundamentals
According to AvidXchange Holdings Inc [NASDAQ:AVDX], the company’s sales were 427.57M for trailing twelve months, which represents an 14.28% jump. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 11.35 points at the first support level, and at 11.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.59, and for the 2nd resistance point, it is at 11.71.
Ratios To Look Out For
It is important to note that AvidXchange Holdings Inc [NASDAQ:AVDX] has a current ratio of 1.32. On the other hand, the Quick Ratio is 1.32, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 5.51, the price to book ratio is 3.48.
Transactions by insiders
Recent insider trading involved Cunningham Todd Alan, that happened on Nov 22 ’24 when 12500.0 shares were sold. Officer, Cunningham Todd Alan completed a deal on Nov 22 ’24 to buy 12500.0 shares. Meanwhile, Wilhite Joel sold 18439.0 shares on Nov 15 ’24.
