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Tuesday, March 21, 2023

AvidXchange Holdings Inc. (NASDAQ: AVDX) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for AvidXchange Holdings Inc. (AVDX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.37, or 4.49%, to $8.61. The AvidXchange Holdings Inc. has recorded 171,345 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that AvidXchange to Participate in Wolfe Research FinTech Forum.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $8.24 and fluctuated between $8.63 as its day high and $8.18 as its day low. The current market capitalization of AvidXchange Holdings Inc. is $1.73B. A total of 2.48 million shares were traded on the day, compared to an average of 1.51M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AVDX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 56 BUYs and 37 SELLs from insiders. Insiders purchased 568,926 shares during that period but sold 9,167,026.

In the most recent transaction, Harris Matthew C sold 950,000 shares of AVDX for 9.00 per share on Mar 08. After the transaction, the Director now owns 17,979,292 company shares. In a previous transaction on Mar 07, Wilhite Joel sold 13,272 shares at 9.21 per share. AVDX shares that insider owns now total 113,439.

Among the insiders who sold shares, Drees Daniel disposed of 12,616 shares on Mar 07 at a per-share price of $9.21. This resulted in the insider holding 176,087 shares of AVDX after the transaction. In another insider transaction, Gibson Angelic sold 8,368 shares at $9.21 per share on Mar 07. Company shares held by the insider now total 65,752.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AVDX in the last 3 months, the mean price target is $11.00 with high estimates of $14.00 and low estimates of $8.00. In terms of 52-week highs and lows, AVDX has a high of $11.86 and a low of $5.86.

As of this writing, AVDX has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.13. The company reported an EPS of -$0.07 in the last quarter, which was 46.20% higher than expectations of -$0.13.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AVDX is Hold with a score of 4.22. A total of 7 analysts rated the stock as Buy while 2 rated it as Overweight while 2 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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