Avidxchange Holdings Stock Price on April 29, 2024
| AVDX Stock | USD 10.59 0.14 1.34% |
If you're considering investing in AvidXchange Stock, it is important to understand the factors that can impact its price. As of today, the current price of AvidXchange Holdings stands at 10.59, as last reported on the 1st of June, with the highest price reaching 10.60 and the lowest price hitting 10.32 during the day. AvidXchange Holdings secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. AvidXchange Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AvidXchange Holdings' Risk Adjusted Performance of (0.08), standard deviation of 1.94, and Mean Deviation of 1.44 to double-check the risk estimate we provide.
At this time, AvidXchange Holdings' Common Stock is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to rise to about 217.6 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 931 M in 2024. . At this time, AvidXchange Holdings' Price Earnings To Growth Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to rise to 310.79 in 2024, whereas Price To Sales Ratio is likely to drop 6.24 in 2024. AvidXchange Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
AvidXchange |
Sharpe Ratio = -0.1647
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| Negative Returns | AVDX |
Estimated Market Risk
| 1.87 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.31 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average AvidXchange Holdings is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of AvidXchange Holdings by adding AvidXchange Holdings to a well-diversified portfolio.
Price Book 3.6636 | Enterprise Value Ebitda 635.2718 | Price Sales 6.3222 | Shares Float 188.8 M | Wall Street Target Price 13.79 |
Related Headline
Pagaya Technologies Headline on 29th of April 2024
Disposition of 5448 shares by Evangelos Perros of Pagaya Tec... by Evangelos Perros
Filed transaction by Pagaya Technologies Officer: Chief Financial Officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
AvidXchange Holdings Valuation on April 29, 2024
It is possible to determine the worth of AvidXchange Holdings on a given historical date. On April 29, 2024 AvidXchange was worth 12.02 at the beginning of the trading date compared to the closed value of 11.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AvidXchange Holdings stock. Still, in general, we apply an absolute valuation method to find AvidXchange Holdings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of AvidXchange Holdings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AvidXchange Holdings' related companies.
| Open | High | Low | Close | Volume | |
| 11.93 | 12.02 | 11.82 | 11.96 | 633,186 | |
04/29/2024 | 12.02 | 12.22 | 11.90 | 11.96 | 1,267,257 |
| 11.84 | 11.92 | 11.65 | 11.66 | 1,897,310 |
| Backtest AvidXchange Holdings | | | AvidXchange Holdings History | | | AvidXchange Holdings Valuation | Previous | Next |
AvidXchange Holdings Trading Date Momentum on April 29, 2024
| On April 30 2024 AvidXchange Holdings was traded for 11.66 at the closing time. The top price for the day was 11.92 and the lowest listed price was 11.65 . The trading volume for the day was 1.9 M. The trading history from April 30, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.51% . The overall trading delta against the current closing price is 3.85% . |
AvidXchange Holdings Fundamentals Correlations and Trends
By evaluating AvidXchange Holdings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among AvidXchange Holdings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. AvidXchange financial account trend analysis is a perfect complement when working with valuation or volatility modules.About AvidXchange Holdings Stock history
AvidXchange Holdings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for AvidXchange is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in AvidXchange Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing AvidXchange Holdings stock prices may prove useful in developing a viable investing in AvidXchange Holdings
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 201.9 M | 217.6 M | |
| Net Loss | -91.2 M | -95.7 M |
AvidXchange Holdings Quarterly Net Working Capital |
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AvidXchange Holdings Stock Technical Analysis
AvidXchange Holdings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
AvidXchange Holdings Period Price Range
Low | April 29, 2024
| High |
12.02 | 11.96 |
AvidXchange Holdings June 1, 2024 Market Strength
Market strength indicators help investors to evaluate how AvidXchange Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AvidXchange Holdings shares will generate the highest return on investment. By undertsting and applying AvidXchange Holdings stock market strength indicators, traders can identify AvidXchange Holdings entry and exit signals to maximize returns
| Accumulation Distribution | 33185.13 | |||
| Daily Balance Of Power | (0.19) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 12.06 | |||
| Day Typical Price | 12.03 | |||
| Price Action Indicator | (0.13) | |||
| Period Momentum Indicator | (1.37) | |||
| Relative Strength Index | 38.68 |
AvidXchange Holdings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for AvidXchange Holdings' price direction in advance. Along with the technical and fundamental analysis of AvidXchange Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of AvidXchange to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.15) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AvidXchange Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy AvidXchange Stock please use our How to Invest in AvidXchange Holdings guide.Note that the AvidXchange Holdings information on this page should be used as a complementary analysis to other AvidXchange Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for AvidXchange Stock analysis
When running AvidXchange Holdings' price analysis, check to measure AvidXchange Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AvidXchange Holdings is operating at the current time. Most of AvidXchange Holdings' value examination focuses on studying past and present price action to predict the probability of AvidXchange Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AvidXchange Holdings' price. Additionally, you may evaluate how the addition of AvidXchange Holdings to your portfolios can decrease your overall portfolio volatility.
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Is AvidXchange Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AvidXchange Holdings. If investors know AvidXchange will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AvidXchange Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.15) | Revenue Per Share 1.967 | Quarterly Revenue Growth 0.216 | Return On Assets (0.01) | Return On Equity (0.05) |
The market value of AvidXchange Holdings is measured differently than its book value, which is the value of AvidXchange that is recorded on the company's balance sheet. Investors also form their own opinion of AvidXchange Holdings' value that differs from its market value or its book value, called intrinsic value, which is AvidXchange Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AvidXchange Holdings' market value can be influenced by many factors that don't directly affect AvidXchange Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AvidXchange Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if AvidXchange Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AvidXchange Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.