During the recent session, AvidXchange Holdings Inc (NASDAQ:AVDX)’s traded shares were 0.23 million, with the beta value of the company hitting 1.22. At the last check today, the stock’s price was $9.80, reflecting an intraday gain of 0.15% or $0.02. The 52-week high for the AVDX share is $12.93, that puts it down -31.94 from that peak though still a striking 32.55% gain since the share price plummeted to a 52-week low of $6.61. The company’s market capitalization is $2.02B, and the average intraday trading volume over the past 10 days was 2.87 million shares, and the average trade volume was 4.00 million shares over the past three months.
AvidXchange Holdings Inc (AVDX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. AVDX has a Sell rating from 1 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.06.
AvidXchange Holdings Inc (NASDAQ:AVDX) trade information
AvidXchange Holdings Inc (AVDX) registered a 0.15% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.15% in intraday trading to $9.80, hitting a weekly high. The stock’s 5-day price performance is 0.67%, and it has moved by 20.48% in 30 days. Based on these gigs, the overall price performance for the year is -8.63%. The short interest in AvidXchange Holdings Inc (NASDAQ:AVDX) is 3.03 million shares and it means that shorts have 0.43 day(s) to cover.
The consensus price target of analysts on Wall Street is $13, which implies an increase of 24.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $13 respectively. As a result, AVDX is trading at a discount of -32.65% off the target high and -32.65% off the low.
AvidXchange Holdings Inc (AVDX) estimates and forecasts
In the rating firms’ projections, revenue will increase 3.21% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 110.18M as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 116.24M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 105.13M and 112.77M respectively. In this case, analysts expect current quarter sales to grow by 4.80% and then jump by 3.08% in the coming quarter.
While earnings are projected to return -3.10% in 2025, the next five years will return 18.48% per annum.
AVDX Dividends
AvidXchange Holdings Inc is due to release its next quarterly earnings on 2025-May-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
AvidXchange Holdings Inc (NASDAQ:AVDX)’s Major holders
AvidXchange Holdings Inc insiders own 15.00% of total outstanding shares while institutional holders control 78.30%, with the float percentage being 92.12%. VANGUARD GROUP INC is the largest shareholder of the company, while 289.0 institutions own stock in it. As of 2024-06-30, the company held over 16.97 million shares (or 8.195% of all shares), a total value of $204.61 million in shares.
The next largest institutional holding, with 12.99 million shares, is of BLACKROCK INC.’s that is approximately 6.2748% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $156.67 million.
Also, the Mutual Funds coming in first place with the largest holdings of AvidXchange Holdings Inc (AVDX) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Puritan Trust-Fidelity Balanced Fund . Data provided on Mar 31, 2025 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 5.61 shares. This amounts to just over 2.72 percent of the company’s overall shares, with a $54.95 million market value. The same data shows that the other fund manager holds slightly less at 5.34, or about 2.59% of the stock, which is worth about $52.35 million.
