Currently, there are 204.08M common shares owned by the public and among those 158.44M shares have been available to trade.
The company’s stock has a 5-day price change of -39.60% and -37.46% over the past three months. AVDX shares are trading -38.82% year to date (YTD), with the 12-month market performance down to -29.42% lower. It has a 12-month low price of $6.88 and touched a high of $13.56 over the same period. AVDX has an average intraday trading volume of 2.44 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -36.04%, -33.51%, and -33.12% respectively.
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Institutional ownership of AvidXchange Holdings Inc (NASDAQ: AVDX) shares accounts for 71.70% of the company’s 204.08M shares outstanding.
It has a market capitalization of $1.57B and a beta (3y monthly) value of 1.06. The earnings-per-share (ttm) stands at -$0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.58% over the week and 4.47% over the month.
Earnings per share for the fiscal year are expected to increase by 277.03%, and 35.94% over the next financial year.
Looking at the support for the AVDX, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on August 01, 2024, with the firm’s price target at $15-$10. Goldman coverage for the AvidXchange Holdings Inc (AVDX) stock in a research note released on April 15, 2024 offered a Sell rating with a price target of $11.50. Keefe Bruyette was of a view on April 09, 2024 that the stock is Mkt Perform, while Piper Sandler gave the stock Neutral rating on January 02, 2024, issuing a price target of $12- $13. BTIG Research on their part issued Buy rating on December 06, 2023.
