Today, AvidXchange Holdings Inc (NASDAQ: AVDX) Takes Center Stage

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.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. The current market capitalization of AvidXchange Holdings Inc is $2.55B. A total of 1.22 million shares were traded on the day, compared to an average of 1.77M shares.

In the most recent transaction, Praeger Michael sold 29,192 shares of AVDX for 10.85 per share on Jun 11 ’24. After the transaction, the Chief Executive Officer now owns 10,440,510 company shares. In a previous transaction on May 23 ’24, Cunningham Todd Alan sold 28,424 shares at 11.02 per share. AVDX shares that the insider owns now total 336,017.

Among the insiders who sold shares, Praeger Michael disposed of 43,738 shares on May 20 ’24 at a per-share price of $11.11. This resulted in the Chief Executive Officer holding 10,440,510 shares of AVDX after the transaction. In another insider transaction, Praeger Michael sold 11,299 shares at $11.21 per share on May 16 ’24. Company shares held by the Chief Executive Officer now total 10,484,248.

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. 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 $0.04 per share for the current quarter. EPS was calculated based on a consensus of 11.0 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.03. The company reported an EPS of $0 in the last quarter

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. 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 $3.25, while its Total Shareholder’s Equity was $723.05M.

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, 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 3.79.

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