Is AvidXchange Holdings Inc (NASDAQ: AVDX) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

AVDX belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. The current market capitalization of AvidXchange Holdings Inc is $2.36B. A total of 2.33 million shares were traded on the day, compared to an average of 2.00M shares.

In the most recent transaction, Wilhite Joel sold 18,439 shares of AVDX for 10.43 per share on Nov 15 ’24. After the transaction, the insider now owns 405,815 company shares. In a previous transaction on Nov 15 ’24, Stahl Ryan sold 10,174 shares at 10.43 per share. AVDX shares that the insider owns now total 386,256.

Among the insiders who sold shares, Praeger Michael disposed of 38,074 shares on Nov 15 ’24 at a per-share price of $10.43. This resulted in the Chief Executive Officer holding 10,423,410 shares of AVDX after the transaction. In another insider transaction, Gibson Angelic sold 12,219 shares at $10.43 per share on Nov 15 ’24. Company shares held by the insider now total 441,466.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, AVDX has a high of $13.56 and a low of $7.38.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $3.29, while its Total Shareholder’s Equity was $723.05M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.69.

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