Currently, there are 206.20M common shares owned by the public and among those 162.14M shares have been available to trade.
The company’s stock has a 5-day price change of 18.10% and -4.33% over the past three months. AVDX shares are trading -6.00% year to date (YTD), with the 12-month market performance down to -16.21% lower. It has a 12-month low price of $6.61 and touched a high of $12.93 over the same period. AVDX has an average intraday trading volume of 3.42 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 17.24%, 20.68%, and 7.51% respectively.
Institutional ownership of AvidXchange Holdings Inc (NASDAQ: AVDX) shares accounts for 71.44% of the company’s 206.20M shares outstanding.
It has a market capitalization of $2.01B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 1171.08, while the earnings-per-share (ttm) stands at $0.01. The company has a PEG of 63.37 and a Quick Ratio of 1.32 with the debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.01% over the week and 2.73% over the month.
Analysts forecast that AvidXchange Holdings Inc (AVDX) will achieve an EPS of 0.06 for the current quarter, 0.07 for the next quarter and 0.34 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.05 while analysts give the company a high EPS estimate of 0.05. Comparatively, EPS for the current quarter was 0.05 a year ago. Earnings per share for the fiscal year are expected to decrease by -2.40%, and 30.34% over the next financial year.
Looking at the support for the AVDX, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on March 04, 2025, with the firm’s price target at $13-$8. BTIG Research was of a view on December 11, 2024 that the stock is Buy, while Compass Point gave the stock Buy rating on November 07, 2024, issuing a price target of $8- $15. Compass Point on their part issued Neutral rating on September 04, 2024.
