AvidXchange (AVDX) Stock Price, News & Analysis

Company Overview

AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and the AvidXchange Supplier Hub, which provides supplier insights to cash flow, tools for in-network invoices and payments, and early payment feature. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company serves real estate, community association management, construction, financial services, healthcare facilities, social services, education, hospitality, and media sectors through direct salesforces; strategic channel partnerships; and software and technology business partners. AvidXchange Holdings, Inc. was incorporated in 2000 and is headquartered in Charlotte, North Carolina.

Key Stats

• Today's Range: $10.29 to $10.74
• 50-Day Range: $8.07 to $11.59
• 52-Week Range: $7.38 to $13.56
• Volume: 2.92 million shs
• Average Volume: 2.03 million shs
• Market Capitalization: $2.17 billion
• P/E Ratio: 564.50
• Dividend Yield: N/A
• Price Target: $11.68
• Consensus Rating: Hold

AvidXchange Stock Analysis - MarketRank™

AvidXchange scored higher than 63% of companies evaluated by MarketBeat, and ranked 390th out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

AvidXchange has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 6 buy ratings, 6 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

AvidXchange has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 450.00%

Earnings Growth

Earnings for AvidXchange are expected to grow by 450.00% in the coming year, from $0.02 to $0.11 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AvidXchange is 564.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 115.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of AvidXchange is 564.50, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 246.63.

Price to Book Value per Share Ratio

AvidXchange has a P/B Ratio of 3.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.23% of the float of AvidXchange has been sold short.

Short Interest Ratio / Days to Cover

AvidXchange has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AvidXchange has recently increased by 2.31%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

AvidXchange does not currently pay a dividend.

Dividend Growth

AvidXchange does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.23% of the float of AvidXchange has been sold short.

Short Interest Ratio / Days to Cover

AvidXchange has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in AvidXchange has recently increased by 2.31%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: 0.07

News Sentiment

AvidXchange has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for AvidXchange this week, compared to 5 articles on an average week.

Search Interest

Only 2 people have searched for AVDX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added AvidXchange to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, AvidXchange insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,042,365.00 in company stock.

Percentage Held by Insiders

10.40% of the stock of AvidXchange is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

80.58% of the stock of AvidXchange is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AVDX Stock Analysis - Frequently Asked Questions

How have AVDX shares performed this year?

AvidXchange's stock was trading at $12.39 at the start of the year. Since then, AVDX shares have decreased by 14.8% and is now trading at $10.56.
View the best growth stocks for 2024 here.

How were AvidXchange's earnings last quarter?

AvidXchange Holdings, Inc. (NASDAQ:AVDX) announced its earnings results on Wednesday, July, 31st. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm's revenue for the quarter was up 15.6% compared to the same quarter last year.

When did AvidXchange IPO?

AvidXchange (AVDX) raised $581 million in an IPO on Wednesday, October 13th 2021. The company issued 26,400,000 shares at $21.00-$23.00 per share.

Who are AvidXchange's major shareholders?

Top institutional investors of AvidXchange include FMR LLC (6.68%), Senvest Management LLC (4.74%), Geode Capital Management LLC (2.07%) and State Street Corp (1.83%). Insiders that own company stock include Michael Praeger, James E Hausman, Daniel Drees, Angelic Gibson, Joel Wilhite, Ryan Stahl, Todd Alan Cunningham and Teresa Mackintosh.
View institutional ownership trends.

How do I buy shares of AvidXchange?

Shares of AVDX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of AvidXchange own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AvidXchange investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Tesla (TSLA), JPMorgan Chase & Co. (JPM) and Invesco QQQ (QQQ).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:AVDX
• CUSIP: N/A
• CIK: 1858257
• Web: www.avidxchange.com
• Phone: 800-560-9305
• Fax: N/A
• Employees: 1,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $11.68
• High Stock Price Target: $15.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: +10.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.29
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 564.50
• Forward P/E Ratio: 528.00
• P/E Growth: N/A
• Net Income: $-47,330,000.00
• Net Margins: -0.23%
• Pretax Margin: 0.12%
• Return on Equity: 0.74%
• Return on Assets: 0.23%

Debt

• Debt-to-Equity Ratio: 0.11
• Current Ratio: 1.32
• Quick Ratio: 1.32

Sales & Book Value

• Annual Sales: $427.57 million
• Price / Sales: 5.08
• Cash Flow: $0.01 per share
• Price / Cash Flow: 918.73
• Book Value: $3.23 per share
• Price / Book: 3.27

Miscellaneous

• Outstanding Shares: 205,726,000
• Free Float: 184,330,000
• Market Cap: $2.17 billion
• Optionable: Optionable
• Beta: 1.20