10-May-2024
Bank of America Securities Reaffirms Their Sell Rating on AvidXchange Holdings (AVDX)
TipRanks (Fri, 10-May 11:16 AM ET)
AvidXchange: Strong Buy on Robust Financial Performance and Market Positioning
TipRanks (Fri, 10-May 1:44 AM ET)
AvidXchange Holdings: Hold Rating Maintained Amid Growth Sustainability Concerns
TipRanks (Thu, 9-May 6:22 AM ET)
Barclays Releases a Buy Rating on AvidXchange Holdings (AVDX)
TipRanks (Thu, 9-May 3:28 AM ET)
AvidXchange Holdings (AVDX) Gets a Buy from KeyBanc
TipRanks (Thu, 9-May 3:28 AM ET)
TipRanks (Thu, 9-May 1:30 AM ET)
AvidXchange beats top-line and bottom-line estimates; updates FY24 outlook
Seeking Alpha News (Wed, 8-May 6:50 AM ET)
AvidXchange Announces First Quarter 2024 Financial Results
Globe Newswire (Wed, 8-May 6:45 AM ET)
PRNewswire (Thu, 18-Apr 8:44 AM ET)
AvidXchange Announces Timing of Its First Quarter 2024 Financial Results Conference Call and Webcast
Globe Newswire (Tue, 9-Apr 4:05 PM ET)
AvidXchange Holdings Inc is a provider of AP automation software and payment solutions for middle-market businesses and their suppliers. It generates the majority of its sales from Payment revenue followed by Software revenue and Services revenue. The company generates revenue in the United States.
Avidxchange Holdings trades on the NASDAQ stock market under the symbol AVDX.
As of May 10, 2024, AVDX stock price declined to $11.24 with 1,749,025 million shares trading.
AVDX has a beta of 1.12, meaning it tends to be more sensitive to market movements. AVDX has a correlation of 0.09 to the broad based SPY ETF.
AVDX has a market cap of $2.32 billion. This is considered a Mid Cap stock.
Last quarter Avidxchange Holdings reported $106 million in Revenue and $.05 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.02.
The top ETF exchange traded funds that AVDX belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.
AVDX has outperformed the market in the last year with a return of +34.0%, while the SPY ETF gained +27.8%. However, in the most recent history, AVDX shares have underperformed the stock market with its stock returning -8.4% in the last 3 month period and -6.0% for the last 2 week period, while SPY has returned +4.2% and +2.5%, respectively.
AVDX support price is $11.19 and resistance is $11.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVDX stock will trade within this expected range on the day.