Avidxchange Holdings Stock Price on December 4, 2024
| AVDX Stock | USD 11.46 0.15 1.33% |
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 11.46, as last reported on the 4th of December, with the highest price reaching 11.60 and the lowest price hitting 11.29 during the day. AvidXchange Holdings appears to be not too volatile, given 3 months investment horizon. AvidXchange Holdings secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. By analyzing AvidXchange Holdings' technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of AvidXchange Holdings' Mean Deviation of 1.6, risk adjusted performance of 0.1755, and Downside Deviation of 1.61 to double-check if our risk estimates are consistent with your expectations.
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 = 0.2305
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Estimated Market Risk
| 2.48 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.57 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average AvidXchange Holdings is performing at about 18% of its full potential. 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 it to a well-diversified portfolio.
Price Book 3.4379 | Enterprise Value Ebitda 40.0885 | Price Sales 5.4419 | Shares Float 176.8 M | Wall Street Target Price 11.7188 |
AvidXchange Holdings Valuation on December 4, 2024
It is possible to determine the worth of AvidXchange Holdings on a given historical date. On December 4, 2024 AvidXchange was worth 11.34 at the beginning of the trading date compared to the closed value of 11.46. 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 | |
| 11.23 | 11.39 | 11.23 | 11.31 | 1,464,020 | |
12/04/2024 | 11.34 | 11.60 | 11.29 | 11.46 | 2,183,487 |
| Backtest AvidXchange Holdings | | | AvidXchange Holdings History | | | AvidXchange Holdings Valuation | Previous |
AvidXchange Holdings Trading Date Momentum on December 4, 2024
| On December 04 2024 AvidXchange Holdings was traded for 11.46 at the closing time. The top price for the day was 11.60 and the lowest listed price was 11.29 . The trading volume for the day was 2.2 M. The trading history from December 4, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.05% . |
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 | December 4, 2024
| High |
0.00 | 0.00 |
AvidXchange Holdings cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
AvidXchange Holdings December 4, 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
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 | 0.1755 | |||
| Jensen Alpha | 0.3045 | |||
| Total Risk Alpha | 0.1994 | |||
| Sortino Ratio | 0.2659 | |||
| Treynor Ratio | 0.2422 |
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Additional 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.