The Street Is Finally Waking Up To AvidXchange Holdings Inc (NASDAQ: AVDX)

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

AvidXchange Holdings Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. The current market capitalization of AvidXchange Holdings Inc is $2.66B. A total of 1.13 million shares were traded on the day, compared to an average of 1.84M 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, AVDX has a high of $13.56 and a low of $6.88.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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