AvidXchange Holdings Inc (AVDX) concluded trading on Wednesday at a closing price of $11.60, with 6.6 million shares of worth about $76.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.81% during that period and on May 08, 2024 the price saw a loss of about -3.25%. Currently the company’s common shares owned by public are about 204.08M shares, out of which, 157.64M shares are available for trading.
Stock saw a price change of -2.44% in past 5 days and over the past one month there was a price change of -5.77%. Year-to-date (YTD), AVDX shares are showing a performance of -6.38% which increased to 42.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.88 but also hit the highest price of $13.56 during that period. The average intraday trading volume for AvidXchange Holdings Inc shares is 1.71 million. The stock is currently trading -1.55% below its 20-day simple moving average (SMA20), while that difference is down -6.03% for SMA50 and it goes to 6.02% higher than SMA200.
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AvidXchange Holdings Inc (NASDAQ: AVDX) currently have 204.08M outstanding shares and institutions hold larger chunk of about 69.27% of that.
The stock has a current market capitalization of $2.39B and its 3Y-monthly beta is at 1.07. It has posted earnings per share of -$0.16 in the same period. It has Quick Ratio of 1.25 while making debt-to-equity ratio of 0.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AVDX, volatility over the week remained 3.21% while standing at 2.96% over the month.
Analysts are in expectations that AvidXchange Holdings Inc (AVDX) stock would likely to be making an EPS of $0.03 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.37 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.02 which is $0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 197.56% while it is estimated to increase by 83.64% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on April 15, 2024 offering a Sell rating for the stock and assigned a target price range of between $13 and $11.50 to it. Coverage by Keefe Bruyette stated AvidXchange Holdings Inc (AVDX) stock as a Mkt perform in their note to investors on April 09, 2024, suggesting a price target of $13.50 for the stock. On January 02, 2024, Piper Sandler Downgrade their recommendations, while on December 06, 2023, BTIG Research Initiated their ratings for the stock with a price target of $14. Stock get a Market perform rating from BMO Capital Markets on December 05, 2023.
