In the last trading session, 2.2 million AvidXchange Holdings Inc (NASDAQ:AVDX) shares changed hands as the company’s beta touched 1.18. With the company’s per share price at $8.42 changed hands at $0.17 or 2.06% during last session, the market valuation stood at $1.72B. AVDX’s last price was a discount, traded about -60.21% off its 52-week high of $13.49. The share price had its 52-week low at $6.61, which suggests the last value was 21.5% up since then. When we look at AvidXchange Holdings Inc’s average trading volume, we note the 10-day average is 3.25 million shares, with the 3-month average coming to 1.86 million.
Analysts gave the AvidXchange Holdings Inc (AVDX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.65. If we narrow down to specifics, the data shows that 1 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended AVDX as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. AvidXchange Holdings Inc’s EPS for the current quarter is expected to be 0.06.
AvidXchange Holdings Inc (NASDAQ:AVDX) trade information
Instantly AVDX was in green as seen at the end of in last trading. With action 22.03%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -18.57%, with the 5-day performance at 22.03% in the green. However, in the 30-day time frame, AvidXchange Holdings Inc (NASDAQ:AVDX) is -16.22% down. Looking at the short shares, we see there were 5.57 million shares sold at short interest cover period of 3.46 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 35.23% from its current market value. According to analyst projections, AVDX’s forecast low is 9 with 15 as the target high. To hit the forecast high, the stock’s price needs a -78.15% plunge from its current level, while the stock would need to soar -6.89% for it to hit the projected low.
AvidXchange Holdings Inc (AVDX) estimates and forecasts
Year-over-year growth is forecast to reach 4.32% up from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 109.73M. 14 analysts are of the opinion that AvidXchange Holdings Inc’s revenue for the current quarter will be 111.23M. The company’s revenue for the corresponding quarters a year ago was 105.6M and 105.13M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.91%. The estimates for the next quarter sales put growth at 5.80%.
The 2025 estimates are for AvidXchange Holdings Inc earnings to increase by 3.06%, but the outlook for the next 5-year period is at 18.04% per year.
AVDX Dividends
AvidXchange Holdings Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
AvidXchange Holdings Inc (NASDAQ:AVDX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.33% of AvidXchange Holdings Inc shares while 78.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.40%. There are 78.15% institutions holding the AvidXchange Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.2802% of the shares, roughly 16.97 million AVDX shares worth $204.61 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.34% or 12.99 million shares worth $156.67 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Fidelity Balanced Fund . With 5.61 shares estimated at $47.2 million under it, the former controlled 2.74% of total outstanding shares. On the other hand, Fidelity Balanced Fund held about 2.40% of the shares, roughly 4.91 shares worth around $41.31 million.
