In the latest trading session,, 1.62 million AvidXchange Holdings Inc (NASDAQ:AVDX) shares changed hands as the company’s beta touched 1.22. With the company’s most recent per share price at $9.80 changing hands around $0.0 or -0.05% at last look, the market valuation stands at $2.02B. AVDX’s current price is a discount, trading about -31.94% off its 52-week high of $12.93. The share price had its 52-week low at $6.61, which suggests the last value was 32.55% up since then.
Analysts gave the AvidXchange Holdings Inc (AVDX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. 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 (NASDAQ:AVDX) trade information
Instantly AVDX was in red as seen in intraday trades today. With action 0.26%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -5.27%, with the 5-day performance at 0.26% in the green. However, in the 30-day time frame, AvidXchange Holdings Inc (NASDAQ:AVDX) is 0.77% up.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 24.62% from its recent market value. According to analyst projections, AVDX’s forecast low is 13 with 13 as the target high. To hit the forecast high, the stock’s price needs a -32.65% plunge from its current level, while the stock would need to soar -32.65% for it to hit the projected low.
The 2025 estimates are for AvidXchange Holdings Inc earnings to decrease by -3.10%, but the outlook for the next 5-year period is at 18.48% per year.
AVDX Dividends
AvidXchange Holdings Inc is expected to release its next quarterly earnings report in July.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.2748% or 12.99 million shares worth $156.67 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Puritan Trust-Fidelity Balanced Fund . With 5.61 shares estimated at $54.89 million under it, the former controlled 2.72% of total outstanding shares. On the other hand, Fidelity Puritan Trust-Fidelity Balanced Fund held about 2.59% of the shares, roughly 5.34 shares worth around $52.3 million.
