AvidXchange Holdings Inc (NASDAQ: AVDX) is -30.95% lower on its value in year-to-date trading and has touched a low of $6.89 and a high of $13.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AVDX stock was last observed hovering at around $7.31 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $7.14, the stock is -20.20% and -27.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -2.33% at the moment leaves the stock -27.24% off its SMA200. AVDX registered -45.12% loss for a year compared to 6-month gain of -10.86%.
The stock witnessed a -32.83% loss in the last 1 month and extending the period to 3 months gives it a -37.20%, and is -2.99% 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 4.85% over the week and 4.02% over the month.
AvidXchange Holdings Inc (AVDX) has around 1600 employees, a market worth around $1.46B and $438.94M in sales. Current P/E ratio is 183.08 and Fwd P/E is 19.62. Profit margin for the company is 1.86%. Distance from 52-week low is 3.63% and -47.09% from its 52-week high. The company has generated returns on investments over the last 12 months (1.10%).
with sales reaching $109.73M over the same period.The EPS is expected to grow by 2.91% this year, but quarterly earnings will post 4.32% year-over-year. Quarterly sales are estimated to grow 3.91% in year-over-year returns.
The shares outstanding are 204.34M, and float is at 160.56M with Short Float at 2.45%.
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 5.2537 and valued at over $131.17 million, while BAIN CAPITAL VENTURE INVESTORS, LLC holds 4.4149 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 Wilhite Joel,. SEC filings show that Wilhite Joel sold 32,203 shares of the company’s common stock on Feb 28 ’25 at a price of $7.59 per share for a total of $0.24 million. Following the sale, the insider now owns 843.0 shares.
AvidXchange Holdings Inc disclosed in a document filed with the SEC on Feb 28 ’25 that Stahl Ryan sold a total of 18,916 shares of the company’s common stock. The trade occurred on Feb 28 ’25 and was made at $7.59 per share for $0.14 million. Following the transaction, the insider now directly holds 0.67 million shares of the AVDX stock.
Still, SEC filings show that on Feb 28 ’25, Praeger Michael (Chief Executive Officer) disposed off 58,881 shares at an average price of $7.59 for $0.45 million. The insider now directly holds 11,164,737 shares of AvidXchange Holdings Inc (AVDX).
