In today’s recent session, 1.83 million shares of the AvidXchange Holdings Inc (NASDAQ:AVDX) have been traded, and its beta is 1.22. Most recently the company’s share price was $9.77, and it changed around $0.0 or 0.05% from the last close, which brings the market valuation of the company to $2.02B. AVDX at last check was trading at a discount to its 52-week high of $12.93, offering almost -32.34% off that amount. The share price’s 52-week low was $6.61, which indicates that the recent value has risen by an impressive 32.34% since then.
AvidXchange Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 11 recommended AVDX as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. AvidXchange Holdings Inc is expected to report earnings per share of 0.06 for the current quarter.
AvidXchange Holdings Inc (NASDAQ:AVDX) trade information
Instantly AVDX has been showing a green trend so far today with a performance of 0.05% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.80 on recent trading dayincreased the stock’s daily price by 0.31%. The company’s shares are currently down -5.46% year-to-date, but still down -0.05% over the last five days. On the other hand, AvidXchange Holdings Inc (NASDAQ:AVDX) is 0.46% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to increase their stock price by 24.85% from its current value. Analyst projections state that AVDX is forecast to be at a low of $13 and a high of $13.
AvidXchange Holdings Inc (AVDX) estimates and forecasts
The year-over-year growth rate is expected to be 3.21%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 110.18M in revenue for the current quarter. 10 analysts expect AvidXchange Holdings Inc to make 116.24M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 105.13M and 112.77M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.80%. Forecasts for the next quarter put sales growth at 3.08%.
AvidXchange Holdings Inc earnings are expected to increase by -3.10% in 2025, but the outlook is positive 18.48% per year for the next five years.
AVDX Dividends
AvidXchange Holdings Inc’s next quarterly earnings report is expected to be released in July.
BLACKROCK INC., with 6.2748% or 12.99 million shares worth $156.67 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
