AvidXchange Holdings Inc (AVDX) concluded trading on Wednesday at a closing price of $9.80, with 5.17 million shares of worth about $50.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.87% during that period and on January 08, 2025 the price saw a loss of about -3.16%. Currently the company’s common shares owned by public are about 205.52M shares, out of which, 163.97M shares are available for trading.
Stock saw a price change of -5.22% in past 5 days and over the past one month there was a price change of -15.22%. Year-to-date (YTD), AVDX shares are showing a performance of -5.22% which decreased to -15.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.38 but also hit the highest price of $13.56 during that period. The average intraday trading volume for AvidXchange Holdings Inc shares is 1.77 million. The stock is currently trading -7.76% below its 20-day simple moving average (SMA20), while that difference is down -6.12% for SMA50 and it goes to -4.38% lower than SMA200.
AvidXchange Holdings Inc (NASDAQ: AVDX) currently have 205.52M outstanding shares and institutions hold larger chunk of about 74.39% of that.
The stock has a current market capitalization of $2.02B and its 3Y-monthly beta is at 1.22. It has posted earnings per share of -$0.01 in the same period. It has Quick Ratio of 1.32 while making debt-to-equity ratio of 0.12. 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 3.55% while standing at 3.02% over the month.
Stock’s fiscal year EPS is expected to rise by 283.99% while it is estimated to increase by 34.91% in next year. EPS is likely to shrink at an annualized rate of 2.00% for next 5-years, compared to annual growth of 19.21% made by the stock over the past 5-years.
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 BTIG Research on December 11, 2024 offering a Buy rating for the stock and assigned a target price of $14 to it. Coverage by Compass Point stated AvidXchange Holdings Inc (AVDX) stock as a Buy in their note to investors on November 07, 2024, suggesting a price target of $15 for the stock. On September 04, 2024, Compass Point Initiated their recommendations, while on August 20, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $9. Stock get a Neutral rating from UBS on August 01, 2024.
