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AvidXchange Holdings (AVDX)
NASDAQ:AVDX
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AVDX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.88 - $13.56
Previous Close$7.93
Volume1.75M
Average Volume (3M)2.56M
Market Cap
$1.66B
Enterprise Value$1.34B
Total Cash (Recent Filing)$465.03M
Total Debt (Recent Filing)$142.60M
Price to Earnings (P/E)―
Beta1.50
Next Earnings
Nov 12, 2024EPS Estimate
$0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.06
Shares Outstanding207,845,629
10 Day Avg. Volume2,072,747
30 Day Avg. Volume2,563,475
Standard Deviation0.16
R-Squared0.10
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)3.76
Price to Sales (P/S)4.02
Price to Cash Flow (P/CF)16.40
P/FCF Ratio17.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.24
Enterprise Value/Gross Profit5.17
Enterprise Value/Ebitda34.38
Forecast
1Y Price Target
$10.50Price Target Upside32.41% Upside
Rating ConsensusHold
Number of Analyst Covering13
AvidXchange Holdings News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAvidXchange generated positive cash flow from operations in the first half of the year and is expected to deliver its first full year of positive Free Cash Flow.
Margin ImprovementNon-GAAP gross margin of ~72.6% expanded ~430bps Y/Y as AvidXchange continues to exercise expense discipline, putting the company ahead of its ~72-75% margin target for FY25.
PartnershipsRecent partnerships with AppFolio, M3, Buildium, and Workamajig could collectively accelerate organic revenue growth to +15% y/y.
Bears Say
GrowthThe yield impact has frightened investors, as payment yield is a key growth component and a slower yield expansion raises questions about achieving the 20%/year revenue target.
RevenueRevenue falling below expectations.
SpendingRecent headwinds to growth include slower discretionary B2B spending.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
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 Nov 12, 2024 which is in 65 days.
How were AvidXchange Holdings’s earnings last quarter?
AvidXchange Holdings released its earnings results on Jul 31, 2024. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.041 by $0.009.
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 $0.07.
How many shares outstanding does AvidXchange Holdings have?
AvidXchange Holdings has 207,845,630 shares outstanding.
What happened to AvidXchange Holdings’s price movement after its last earnings report?
AvidXchange Holdings reported an EPS of $0.05 in its last earnings report, beating expectations of $0.041. Following the earnings report the stock price went down -29.717%.
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 61M.
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AvidXchange Holdings Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$10.50 (32.41% Upside)
$10.50 (32.41% Upside)
Blogger Sentiment
Bullish
AVDX Sentiment 83%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 168.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $316.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 0.7%
Last 30 Days ▼ 0.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-22.93%
12-Months-Change
Fundamentals
Return on Equity
-1.98%
Trailing 12-Months
Asset Growth
1.17%
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
Q2 2024
0:00 / 0:00
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AVDX Stock 12 Month Forecast
Average Price Target
$10.50
▲(32.41% Upside)
Technical Analysis
Best Analysts Covering AVDX
1 Year
1 Year Success Rate
12/21 ratings generated profit
1 Year Average Return
+6.63%
reiterated a buy rating 28 days ago
Copying David Koning's trades and holding each position for 1 Year would result in 57.14% of your transactions generating a profit, with an average return of +6.63% per trade.
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