A share price of AvidXchange Holdings Inc [AVDX] is currently trading at $10.25, up 0.89%. 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 4.59% over the last week, with a monthly amount drifted -8.07%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Compass Point upgraded its rating to Buy on November 07, 2024, and elevated its price target to $15. On September 04, 2024, Compass Point initiated with a Neutral rating and assigned a price target of $8 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $9 on August 20, 2024. UBS downgraded its rating to a Neutral and reduced its price target to $10 on August 01, 2024. Goldman downgraded its rating to Sell for this stock on April 15, 2024, and downed its price target to $11.50. In a note dated April 09, 2024, Keefe Bruyette initiated an Mkt Perform rating and provided a target price of $13.50 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 within the next 12 months. AvidXchange Holdings Inc [NASDAQ: AVDX] shares were valued at $10.25 at the most recent close of the market. An investor can expect a potential return of 7.32% 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 0.65% 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 of0.12.
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 10.19 points at the first support level, and at 10.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.33, and for the 2nd resistance point, it is at 10.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for AvidXchange Holdings Inc [NASDAQ:AVDX] is 1.32. In addition, the Quick Ratio stands at 1.32 and the Cash Ratio stands at 0.25. Considering the valuation of this stock, the price to sales ratio is 4.93, the price to book ratio is 3.11.
Transactions by insiders
Recent insider trading involved Mackintosh Teresa, Director, that happened on Dec 10 ’24 when 400.0 shares were sold. Director, HAUSMAN JAMES E completed a deal on Dec 09 ’24 to sell 25000.0 shares. Meanwhile, Director Mackintosh Teresa sold 13316.0 shares on Dec 06 ’24.
