AvidXchange Holdings Inc (NASDAQ:AVDX)’s traded shares stood at 0.9 million during the last session, with the company’s beta value hitting 1.08. At the close of trading, the stock’s price was $11.45, to imply a decrease of -0.61% or -$0.07 in intraday trading. The AVDX share’s 52-week high remains $13.56, putting it -18.43% down since that peak but still an impressive 39.91% since price per share fell to its 52-week low of $6.88. The company has a valuation of $2.34B, with an average of 1.72 million shares over the past 3 months.

AvidXchange Holdings Inc (NASDAQ:AVDX) trade information

After registering a -0.61% downside in the last session, AvidXchange Holdings Inc (AVDX) has traded red over the past five days. The stock hit a weekly high of 11.72, dropping -0.61% in its intraday price action. The 5-day price performance for the stock is -1.63%, and -12.13% over 30 days. With these gigs, the year-to-date price performance is -7.59%.

AvidXchange Holdings Inc (AVDX) estimates and forecasts

Looking at statistics comparing AvidXchange Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. AvidXchange Holdings Inc (AVDX) shares are 27.93% up over the last 6 months, with its year-to-date growth rate higher than industry average at 157.14% against 20.50%. The rating firms project that company’s revenue will grow 17.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 13 analysts is $102.92 million. Meanwhile, for the quarter ending Jun 2024, a total of 13 analyst(s) estimate revenue growth to $107.78 million.Earnings reports from the last fiscal year show that sales brought in $82.69 million and $88.99 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 24.50% before jumping 21.10% in the following quarter.

AVDX Dividends

AvidXchange Holdings Inc has its next earnings report out in May. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. AvidXchange Holdings Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.