AvidXchange Holdings Inc [NASDAQ: AVDX] stock went on an upward path that rose over 13.79% on Thursday, amounting to a one-week price increase of more than 9.80%.
Over the last 12 months, AVDX stock dropped by -39.37%. The one-year AvidXchange Holdings Inc stock forecast points to a potential upside of 15.7. The average equity rating for AVDX stock is currently 2.65, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.60 billion, with 204.34 million shares outstanding and 160.61 million shares in the current float. Compared to the average trading volume of 1.65M shares, AVDX stock reached a trading volume of 7835983 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on AvidXchange Holdings Inc [AVDX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AVDX shares is $9.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AVDX stock is a recommendation set at 2.65. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for AvidXchange Holdings Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on March 04, 2025. The new note on the price target was released on February 27, 2025, representing the official price target for AvidXchange Holdings Inc stock. Previously, the target price had yet another raise to $14, while BTIG Research analysts kept a Buy rating on AVDX stock. On November 07, 2024, analysts increased their price target for AVDX shares from 8 to 15.
The Average True Range (ATR) for AvidXchange Holdings Inc is set at 0.45, with the Price to Sales ratio for AVDX stock in the period of the last 12 months amounting to 3.65. The Price to Book ratio for the last quarter was 2.38, with the Price to Cash per share for the same quarter was set at 1.90. Price to Free Cash Flow for AVDX in the course of the last twelve months was 22.94 with Quick ratio for the last quarter at 1.29.
AVDX Stock Performance Analysis:
AvidXchange Holdings Inc [AVDX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.80. With this latest performance, AVDX shares dropped by -21.52% in over the last four-week period, additionally plugging by 1.16% over the last 6 months – not to mention a drop of -39.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AVDX stock in for the last two-week period is set at 41.59, with the RSI for the last a single of trading hit 49.24, and the three-weeks RSI is set at 39.00 for AvidXchange Holdings Inc [AVDX]. The present Moving Average for the last 50 days of trading for this stock 9.48, while it was recorded at 7.17 for the last single week of trading, and 9.72 for the last 200 days.
Insight into AvidXchange Holdings Inc Fundamentals:
AvidXchange Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.29 and a Current Ratio set at 1.29.
AVDX Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AVDX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for AvidXchange Holdings Inc go to 18.04%.
AvidXchange Holdings Inc [AVDX] Institutonal Ownership Details
There are presently around $78.17%, or 93.43%% of AVDX stock, in the hands of institutional investors. The top three institutional holders of AVDX stocks are: VANGUARD GROUP INC with ownership of 16.97 million shares, which is approximately 8.2802%. BLACKROCK INC., holding 12.99 million shares of the stock with an approximate value of $$156.67 million in AVDX stocks shares; and BLACKROCK INC., currently with $$131.17 million in AVDX stock with ownership which is approximately 5.2537%.
