What Are The Risk Factors For AvidXchange Holdings Inc. (AVDX)?

As of Wednesday close, AvidXchange Holdings Inc.’s (NASDAQ:AVDX) stock was down -$0.29, moving down -4.22 percent to $6.58. The average number of shares traded per day over the past five days has been 3,953,080 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.21 fall in that time frame. In the last twenty days, the average volume was 2,537,805, while in the previous 50 days, it was 1,996,704.

Since last month, AVDX stock retreated -21.67%. Shares of the company fell to $6.47 on 06/16/22, the lowest level in the past month. Since the beginning of this year, AVDX’s stock price has dropped by -56.31% or -$8.48, and marked a new high 1 time. However, the stock has declined by -76.02% since its 52-week high.

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AvidXchange Holdings Inc. (AVDX) last reported insider trading activity 99 days ago on Mar 16. Praeger Michael, the President and CEO of the company, purchased of 12,900 shares for $7.71 on Mar 16. It resulted in a $99,456 investment by the insider. Praeger Michael added 14,300 shares at an average price of $6.99 on Mar 15. The insider now owns 8,754,753 shares following the transaction. On Mar 10, Praeger Michael bought 69,500 shares at $7.11 apiece. The transaction was valued at $494,423.

Financial Health

In the three months ended March 30, AvidXchange Holdings Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.26, and the total debt-to-equity ratio was 0.27. On the profitability front, the trailing twelve-month gross margin is 60.50% percent. In the year ended March 30, operating margins totaled -42.00%. Based on annual data, AVDX earned $148.32 million in gross profit and brought in $248.41 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -16.90%. Return on equity (ROE) for the past 12 months was -231.70%.

In AvidXchange Holdings Inc.’s quarter-end financial report for March 30, it reported total debt of $121.37 million against cash and short-term investments of $228.66 million. AVDX’s revenue rose 100.0% to $183.23 million during the quarter, while net income inched up to $71.2 million. While analysts expected AvidXchange Holdings Inc. to report -$0.17 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by 58.80%. During the quarter, the company generated -$12.32 million in EBITDA. The liabilities of AvidXchange Holdings Inc. were 1.23 billion at the end of its most recent quarter ended March 30, and its total debt was $195.02 million. The value of shareholders’ equity is $197.78 million.

Technical Picture

This quick technical analysis looks at AvidXchange Holdings Inc.’s (AVDX) price momentum. With a historical volatility rate of 73.28%, the RSI 9-day stood at 32.65% on 22 June.

With respect to its five-day moving average, the current AvidXchange Holdings Inc. price is down by -3.09% percent or -$0.21. At present, AVDX shares trade -24.71% below its 20-day simple moving average and -25.23% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.99% below its SMA50.

Stochastic coefficient K was 11.08% and Stochastic coefficient D was 12.96%, while ATR was 0.64. Given the Stochastic reading of 3.56% for the 14-day period, the RSI (14) reading has been calculated as 36.87%. As of today, the MACD Oscillator reading stands at -0.18, while the 14-day reading stands at -0.81.

Analyst Ratings

Morgan Stanley launched its rating on AvidXchange Holdings Inc. (NASDAQ: AVDX) to an Equal-weight in a note to investors on April 28, 2022. AvidXchange Holdings Inc. (AVDX) has been rated Overweight by analysts. According to 0 brokerage firms, AVDX is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate AvidXchange Holdings Inc. stock as buy, with 7 recommending it as overweight.

With a median target price of $12.00, the current consensus forecast for the stock is $8.00 – $16.00. Based on these forecasts, analysts predict AvidXchange Holdings Inc. (AVDX) will achieve an average price target of $12.00.


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