AvidXchange Holdings Inc (NASDAQ: AVDX) is 3.47% higher on its value in year-to-date trading and has touched a low of $6.88 and a high of $13.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AVDX stock was last observed hovering at around $12.85 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $12.82, the stock is 0.14% and 6.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.69 million and changing -0.23% at the moment leaves the stock 19.11% off its SMA200. AVDX registered 68.91% gain for a year compared to 6-month gain of 40.11%. The firm has a 50-day simple moving average (SMA 50) of $6.08 and a 200-day simple moving average (SMA200) of $700.87.
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The stock witnessed a 5.17% loss in the last 1 month and extending the period to 3 months gives it a 4.06%, and is -0.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.30% over the week and 3.52% over the month.
AvidXchange Holdings Inc (AVDX) has around 1600 employees, a market worth around $2.62B and $380.72M in sales. Fwd P/E is 36.40. Profit margin for the company is -12.43%. Distance from 52-week low is 86.34% and -5.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.98%).
AvidXchange Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $102.83M over the same period.The EPS is expected to grow by 188.51% this year, but quarterly earnings will post 17.30% year-over-year. Quarterly sales are estimated to grow 24.40% in year-over-year returns.
AvidXchange Holdings Inc (AVDX) Top Institutional Holders
259 institutions hold shares in AvidXchange Holdings Inc (AVDX), with institutional investors hold 85.54% of the company’s shares. The shares outstanding are 204.08M, and float is at 155.55M with Short Float at 5.92%. Institutions hold 77.53% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 17.57 million shares valued at $182.43 million. The investor’s holdings represent 8.69% of the AVDX Shares outstanding. As of Jun 29, 2023, the second largest holder is Bain Capital Venture Investors, LLC with 14.14 million shares valued at $146.77 million to account for 6.99% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.05 million shares representing 4.97% and valued at over $104.28 million, while Senvest Management LLC holds 4.82% of the shares totaling 9.73 million with a market value of $101.04 million.
AvidXchange Holdings Inc (AVDX) Insider Activity
The most recent transaction is an insider sale by Drees Daniel,the company’sPresident. SEC filings show that Drees Daniel sold 17,604 shares of the company’s common stock on Mar 20 ’24 at a price of $13.02 per share for a total of $0.23 million. Following the sale, the insider now owns 0.75 million shares.
AvidXchange Holdings Inc disclosed in a document filed with the SEC on Mar 18 ’24 that Stahl Ryansold a total of 4,217 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $12.43 per share for $52417.0. Following the transaction, the insider now directly holds 0.38 million shares of the AVDX stock.
Still, SEC filings show that on Mar 15 ’24, Wilhite Joel () disposed off 136,158 shares at an average price of $12.28 for $1.67 million. The insider now directly holds 454,878 shares of AvidXchange Holdings Inc (AVDX).
