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AvidXchange Holdings (AVDX)
NASDAQ:AVDX
AvidXchange Holdings (AVDX) Stock Price & Analysis
123 Followers
AVDX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.88 - $13.56
Previous Close$12.6
Volume373.00K
Average Volume (3M)1.84M
Market Cap
$2.65B
Enterprise Value$2.32B
Total Cash (Recent Filing)$431.73M
Total Debt (Recent Filing)$150.51M
Price to Earnings (P/E)―
Beta1.43
Next Earnings
Jul 31, 2024EPS Estimate
$0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.16
Shares Outstanding206,601,000
10 Day Avg. Volume1,694,139
30 Day Avg. Volume1,844,321
Standard Deviation0.16
R-Squared0.11
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)6.70
Price to Sales (P/S)7.19
Price to Cash Flow (P/CF)-22.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.45
Enterprise Value/Gross Profit7.34
Enterprise Value/Ebitda-83.14
Forecast
1Y Price Target
$13.75Price Target Upside7.13% Upside
Rating ConsensusHold
Number of Analyst Covering8
AvidXchange Holdings News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceIncremental adjusted EBITDA margin of 85%+ for the third straight quarter, with guidance on EBITDA ex-float raised.
Market Share GrowthMarket share growth opportunity, with AvidXchange having less than 10% market share in each of its nine vertical markets, implying a long runway for potential share gains.
New Product LaunchThe Payments Accelerator's recent enhancements are expected to accelerate new user onboarding from days to minutes.
Bears Say
Investor ConfidenceMany investors lack confidence that AVDX can maintain 20%+ revenue growth, particularly with an uncertain volume outlook.
Marketing StrategyTop-of-funnel deceleration due to a change in marketing strategy, focusing on fewer but higher-ROI industry conferences and trade shows.
Revenue GrowthRecent headwinds to growth include slower discretionary B2B spending.
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Ownership Overview
24.68% Insiders
23.76% Mutual Funds
16.03% Other Institutional Investors
35.54% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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AVDX FAQ
What was AvidXchange Holdings’s price range in the past 12 months?
AvidXchange Holdings lowest stock price was $6.88 and its highest was $13.56 in the past 12 months.
What is AvidXchange Holdings’s market cap?
Currently, no data Available
When is AvidXchange Holdings’s upcoming earnings report date?
AvidXchange Holdings’s upcoming earnings report date is Jul 31, 2024 which is in 8 days.
How were AvidXchange Holdings’s earnings last quarter?
AvidXchange Holdings released its earnings results on May 08, 2024. The company reported $0.055 earnings per share for the quarter, beating the consensus estimate of $0.032 by $0.023.
Is AvidXchange Holdings overvalued?
According to Wall Street analysts AvidXchange Holdings’s price is currently Undervalued.
Does AvidXchange Holdings pay dividends?
AvidXchange Holdings does not currently pay dividends.
What is AvidXchange Holdings’s EPS estimate?
AvidXchange Holdings’s EPS estimate is $0.04.
How many shares outstanding does AvidXchange Holdings have?
AvidXchange Holdings has 206,601,000 shares outstanding.
What happened to AvidXchange Holdings’s price movement after its last earnings report?
AvidXchange Holdings reported an EPS of $0.055 in its last earnings report, beating expectations of $0.032. Following the earnings report the stock price went down -3.253%.
Which hedge fund is a major shareholder of AvidXchange Holdings?
Among the largest hedge funds holding AvidXchange Holdings’s share is Lone Pine Capital LLC. It holds AvidXchange Holdings’s shares valued at 67M.
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AvidXchange Holdings Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$13.75 (7.13% Upside)
$13.75 (7.13% Upside)
Blogger Sentiment
Bullish
AVDX Sentiment 83%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 314.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $629.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.6%
Last 30 Days ▲ 8.7%
Last 30 Days ▲ 8.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
5.43%
12-Months-Change
Fundamentals
Return on Equity
-4.90%
Trailing 12-Months
Asset Growth
8.63%
Trailing 12-Months
Company Description
AvidXchange Holdings
AvidXchange Holdings Inc is a provider of AP automation software and payment solutions for middle-market businesses and their suppliers. It generates the majority of its sales from Payment revenue followed by Software revenue and Services revenue.
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AVDX Company Deck
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AVDX Earnings Call
Q1 2024
0:00 / 0:00
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AVDX Stock 12 Month Forecast
Average Price Target
$13.75
▲(7.13% Upside)
Technical Analysis
Best Analysts Covering AVDX
1 Year
1 Year Success Rate
15/20 ratings generated profit
1 Year Average Return
+21.74%
reiterated a buy rating 8 days ago
Copying David Koning's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +21.74% per trade.
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