A new trading day began on Tuesday, with AvidXchange Holdings Inc (NASDAQ: AVDX) stock price down -0.97% from the previous day of trading, before settling in for the closing price of $11.29. AVDX’s price has ranged from $7.38 to $13.56 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 26.40%. Meanwhile, its annual earnings per share averaged 283.99%. With a float of $163.97 million, this company’s outstanding shares have now reached $205.52 million.
Considering the fact that the conglomerate employs 1600 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 64.93%, operating margin of -2.28%, and the pretax margin is 0.12%.
AvidXchange Holdings Inc (AVDX) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of AvidXchange Holdings Inc is 20.30%, while institutional ownership is 74.37%. The most recent insider transaction that took place on Dec 10 ’24, was worth 4,414. In this transaction Director of this company sold 400 shares at a rate of $11.04, taking the stock ownership to the 46,988 shares. Before that another transaction happened on Dec 09 ’24, when Company’s Director sold 25,000 for $11.25, making the entire transaction worth $281,288. This insider now owns 2,112,232 shares in total.
AvidXchange Holdings Inc (AVDX) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 283.99% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.00% during the next five years compared to 19.21% growth over the previous five years of trading.
AvidXchange Holdings Inc (NASDAQ: AVDX) Trading Performance Indicators
Here are AvidXchange Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.38. Likewise, its price to free cash flow for the trailing twelve months is 37.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.01, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.34 in one year’s time.
Technical Analysis of AvidXchange Holdings Inc (AVDX)
Compared to the last year’s volume of 2.03 million, its volume of 1.33 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 42.97%. Additionally, its Average True Range was 0.31.
During the past 100 days, AvidXchange Holdings Inc’s (AVDX) raw stochastic average was set at 69.47%, which indicates a significant increase from 39.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.17% in the past 14 days, which was lower than the 68.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.83, while its 200-day Moving Average is $10.42. Nevertheless, the first resistance level for the watch stands at $11.29 in the near term. At $11.41, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.49. If the price goes on to break the first support level at $11.09, it is likely to go to the next support level at $11.01. Now, if the price goes above the second support level, the third support stands at $10.89.
AvidXchange Holdings Inc (NASDAQ: AVDX) Key Stats
With a market capitalization of 2.30 billion, the company has a total of 205,726K Shares Outstanding. Currently, annual sales are 380,720 K while annual income is -47,330 K. The company’s previous quarter sales were 112,770 K while its latest quarter income was 4,050 K.
