AvidXchange Holdings Inc (NASDAQ: AVDX) is 3.38% higher on its value in year-to-date trading and has touched a low of $7.38 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 $10.37 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $10.69, the stock is -1.15% and 3.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 3.09% at the moment leaves the stock 3.86% off its SMA200. AVDX registered -7.69% loss for a year compared to 6-month loss of -13.09%. The firm has a 50-day simple moving average (SMA 50) of $10.325 and a 200-day simple moving average (SMA200) of $10.29305.
The stock witnessed a -5.48% gain in the last 1 month and extending the period to 3 months gives it a 36.88%, and is 1.71% up 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 2.58% over the week and 2.89% over the month.
AvidXchange Holdings Inc (AVDX) has around 1600 employees, a market worth around $2.27B and $427.57M in sales. Fwd P/E is 31.51. Profit margin for the company is -0.23%. Distance from 52-week low is 44.85% and -21.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.13%).
with sales reaching $114.72M over the same period.The EPS is expected to grow by 283.99% this year, but quarterly earnings will post 15.12% year-over-year. Quarterly sales are estimated to grow 10.24% in year-over-year returns.
AvidXchange Holdings Inc (AVDX) Top Institutional Holders
269.0 institutions hold shares in AvidXchange Holdings Inc (AVDX), with institutional investors hold 93.95% of the company’s shares. The shares outstanding are 205.52M, and float is at 163.97M with Short Float at 2.81%. Institutions hold 79.72% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.97 million shares valued at $204.61 million. The investor’s holdings represent 8.2802% of the AVDX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 12.99 million shares valued at $156.67 million to account for 6.34 of the shares outstanding. The other top investors are SENVEST MANAGEMENT, LLC which holds 10.88 million shares representing 5.3082% and valued at over $131.17 million, while BAIN CAPITAL VENTURE INVESTORS, LLC holds 4.4607 of the shares totaling 9.14 million with a market value of $110.23 million.
AvidXchange Holdings Inc (AVDX) Insider Activity
The most recent transaction is an insider sale by Mackintosh Teresa, the company’s Director. SEC filings show that Mackintosh Teresa sold 400 shares of the company’s common stock on Dec 10 ’24 at a price of $11.04 per share for a total of $4414.0. Following the sale, the insider now owns 46988.0 shares.
AvidXchange Holdings Inc disclosed in a document filed with the SEC on Dec 09 ’24 that HAUSMAN JAMES E (Director) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Dec 09 ’24 and was made at $11.25 per share for $0.28 million. Following the transaction, the insider now directly holds 2.11 million shares of the AVDX stock.
Still, SEC filings show that on Dec 06 ’24, Mackintosh Teresa (Director) disposed off 13,316 shares at an average price of $11.44 for $0.15 million. The insider now directly holds 47,388 shares of AvidXchange Holdings Inc (AVDX).
