After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted AvidXchange to Participate in Wolfe FinTech Forum 2024.
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Stocks Info
AVDX belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. The current market capitalization of AvidXchange Holdings Inc is $2.66B. A total of 1.17 million shares were traded on the day, compared to an average of 2.03M shares.
In the most recent transaction, Praeger Michael sold 105,386 shares of AVDX for 12.80 per share on Mar 08 ’24. After the transaction, the Chief Executive Officer now owns 10,470,460 company shares. In a previous transaction on Mar 01 ’24, Praeger Michael sold 69,508 shares at 13.15 per share. AVDX shares that Chief Executive Officer owns now total 10,183,941.
Among the insiders who sold shares, Drees Daniel disposed of 38,900 shares on Mar 01 ’24 at a per-share price of $13.15. This resulted in the President holding 501,394 shares of AVDX after the transaction. In another insider transaction, Wilhite Joel sold 27,384 shares at $13.15 per share on Mar 01 ’24. Company shares held by the insider now total 327,100.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, AVDX has a high of $13.56 and a low of $6.88.
As of this writing, AVDX has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.05 per share and a lower estimate of $0.02. The company reported an EPS of $0.03 in the last quarter, which was 250.00% higher than expectations of -$0.02.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. AVDX’s latest balance sheet shows that the firm has $562.82M in Cash & Short Term Investments as of fiscal 2021. There were $191.02M in debt and $1.33B in liabilities at the time. Its Book Value Per Share was $3.22, while its Total Shareholder’s Equity was $723.05M.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.07.
