AVDX - AvidXchange Holdings, Inc. Stock Price, Fair Value and News

11.72USD-0.15 (-1.26%)Delayed as of 25 Apr 2024, 09:54 am ET

Market Summary

USD11.72-0.15

Delayedas of 25 Apr 2024, 09:54 am

-1.26%

AVDX Alerts

4 major insider sales recently.

AVDX Stock Price

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AVDX RSI Chart

AVDX Valuation

Market Cap

2.4B

Price/Earnings (Trailing)

-51.25

Price/Sales (Trailing)

6.37

EV/EBITDA

632.57

Price/Free Cashflow

286.99

AVDX Price/Sales (Trailing)

AVDX Profitability

EBT Margin

-12.12%

Return on Equity

-7.21%

Return on Assets

-1.91%

Free Cashflow Yield

0.35%

AVDX Fundamentals

AVDX Revenue

Revenue (TTM)

380.7M

Rev. Growth (Yr)

20.76%

Rev. Growth (Qtr)

5.46%

AVDX Earnings

Earnings (TTM)

-47.3M

Earnings Growth (Yr)

82.13%

Earnings Growth (Qtr)

44.72%

Breaking Down AVDX Revenue

52 Week Range

7.0212.75

(Low)(High)

Last 7 days

4.5%

Last 30 days

-7.6%

Last 90 days

8.8%

Trailing 12 Months

65.1%

How does AVDX drawdown profile look like?

AVDX Financial Health

Current Ratio

1.25

Debt/Equity

0.11

Debt/Cashflow

0.12

AVDX Investor Care

Shares Dilution (1Y)

2.24%

Diluted EPS (TTM)

-0.23

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	332.0M	346.6M	362.8M	380.7M
2022	264.4M	282.2M	299.4M	316.4M
2021	201.5M	217.2M	232.8M	248.4M
2020	0	0	167.8M	185.9M
2019	0	0	0	149.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of AvidXchange Holdings, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 20, 2024	drees daniel	sold	-229,142	13.0165	-17,604	president
Mar 18, 2024	stahl ryan	sold	-52,417	12.43	-4,217	see remarks
Mar 15, 2024	stahl ryan	sold	-386,083	12.3685	-31,215	see remarks
Mar 15, 2024	wilhite joel	sold	-1,672,020	12.28	-136,158	see remarks
Mar 15, 2024	drees daniel	sold	-160,535	12.3698	-12,978	president
Mar 14, 2024	praeger michael	acquired	194,706	4.17	46,692	chief executive officer
Mar 14, 2024	praeger michael	sold	-586,031	12.551	-46,692	chief executive officer
Mar 12, 2024	gibson angelic	sold	-520,000	13.00	-40,000	see remarks
Mar 08, 2024	cunningham todd alan	acquired	14,518	0.27	53,772	see remarks
Mar 08, 2024	praeger michael	sold	-1,348,620	12.797	-105,386	chief executive officer

Which funds bought or sold AVDX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Arbor Investment Advisors, LLC	new	-	251,323	251,323	0.04%
Apr 23, 2024	AMALGAMATED BANK	reduced	-75.46	-187,000	66,000	-%
Apr 22, 2024	MBL Wealth, LLC	new	-	163,350	163,350	0.02%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	229,468	977,013	0.01%
Apr 19, 2024	VALLEY NATIONAL ADVISERS INC	unchanged	-	-	1,000	-%
Apr 19, 2024	Sumitomo Mitsui Trust Holdings, Inc.	reduced	-0.99	1,182,930	24,445,600	0.02%
Apr 18, 2024	MV CAPITAL MANAGEMENT, INC.	unchanged	-	29,051	502,659	0.06%
Apr 18, 2024	SJS Investment Consulting Inc.	reduced	-61.11	-262	185	-%
Apr 18, 2024	ARK Investment Management LLC	added	5.52	1,648,280	15,395,100	0.11%
Apr 15, 2024	Cardinal Capital Management	new	-	189,900	189,900	0.03%

Are Funds Buying or Selling AVDX?

Are funds buying AVDX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AVDX

No. of Funds

AVDX Alerts

4 major insider sales recently.

Unveiling AvidXchange Holdings, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	bain capital venture fund 2014, l.p.	2.2%	4,446,071	SC 13G/A
Feb 13, 2024	vanguard group inc	8.81%	17,890,929	SC 13G/A
Feb 09, 2024	senvest management, llc	4.8%	9,675,695	SC 13G/A
Jan 29, 2024	blackrock inc.	5.7%	11,665,960	SC 13G
Aug 07, 2023	senvest management, llc	5.5%	11,089,340	SC 13G
May 05, 2023	blackrock inc.	4.6%	9,305,585	SC 13G/A
Feb 14, 2023	caisse de depot et placement du quebec	0%	0	SC 13G/A
Feb 14, 2023	bain capital venture fund 2014, l.p.	3.6%	7,230,388	SC 13G/A
Feb 13, 2023	capital research global investors	3.5%	6,999,655	SC 13G/A
Feb 09, 2023	vanguard group inc	6.67%	13,250,855	SC 13G

Recent SEC filings of AvidXchange Holdings, Inc.

View All Filings

Date Filed	Form Type	Document
Mar 28, 2024	3	Insider Trading
Mar 28, 2024	3	Insider Trading
Mar 26, 2024	8-K	Current Report
Mar 22, 2024	4	Insider Trading
Mar 20, 2024	144	Notice of Insider Sale Intent
Mar 20, 2024	144/A	144/A
Mar 20, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading

Peers (Alternatives to AvidXchange Holdings, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.0T	227.6B	-3.26%	48.52%	36.82	13.36	11.51%	22.38%
ADBE	213.7B	19.9B	-5.94%	29.09%	44.52	10.72	10.76%	1.35%
CRWD	71.0B	3.1B	-8.36%	143.65%	795.09	23.24	36.33%	148.75%
SQ	45.1B	21.9B	-10.40%	21.36%	6.6K	2.06	25.01%	101.26%
AKAM	15.5B	3.8B	-5.87%	28.59%	28.28	4.06	5.40%	4.57%
FFIV	10.7B	2.8B	-3.28%	39.96%	23.26	3.82	3.55%	53.13%
MID-CAP
ALTR	6.7B	612.7M	-1.09%	20.64%	-753.5	10.98	7.07%	79.45%
HCP	6.1B	583.1M	16.67%	18.16%	-31.93	10.44	22.54%	30.49%
ACIW	3.5B	1.5B	3.93%	37.78%	29.19	2.44	2.16%	-14.54%
APPN	2.7B	545.4M	-3.32%	2.15%	-24.05	4.91	16.53%	26.16%
SMALL-CAP
CSGS	1.5B	1.2B	-1.77%	-3.02%	21.41	1.25	7.30%	93.18%
ATEN	1.0B	251.7M	0.22%	-3.65%	25.55	4.06	-10.22%	-14.79%
BAND	472.6M	601.1M	0.11%	49.27%	-28.91	0.79	4.88%	-183.51%
DTSS	19.3M	7.0M	12.74%	-51.84%	-2.25	2.91	-55.73%	-45.27%
BLIN	13.4M	15.6M	22.86%	44.94%	-1.35	0.86	-6.37%	-5256.07%

AvidXchange Holdings, Inc. News

Latest updates

AvidXchange Holdings, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Revenue	5.5%	104,064,000	98,680,000	91,154,000	86,822,000	86,175,000	82,411,000	76,561,000	71,203,000	69,265,000	65,176,000	58,754,000	55,214,000	51,407,000	47,600,000	-
Operating Expenses	2.5%	79,492,000	77,542,000	81,410,000	74,470,000	78,672,000	74,645,000	68,830,000	63,717,000	101,246,000	55,518,000	51,604,000	48,685,000	-	40,128,000	-
S&GA Expenses	-0.8%	18,577,000	18,735,000	20,076,000	20,135,000	19,805,000	20,241,000	20,448,000	17,239,000	19,763,000	16,118,000	14,547,000	13,511,000	-	11,763,000	-
R&D Expenses	0.7%	24,939,000	24,754,000	24,740,000	23,122,000	21,729,000	21,997,000	20,107,000	20,072,000	21,922,000	15,672,000	13,620,000	13,933,000	-	11,055,000	-
EBITDA Margin	118.7%	0.01	-0.05	-0.10	-0.12	-0.15	-0.33	-0.39	-0.41	-0.62	-0.48	-0.44	-0.27	-0.29	-0.30	-
Interest Expenses	-0.4%	3,413,000	3,428,000	3,363,000	3,315,000	5,488,000	5,209,000	5,075,000	4,977,000	5,123,000	4,874,000	5,086,000	5,025,000	-	5,039,000	-
Income Taxes	538.8%	856,000	134,000	135,000	70,000	114,000	69,000	69,000	69,000	-4,863,000	2,000	133,000	68,000	-	58,000	-
Earnings Before Taxes	54.5%	-3,617,000	-7,957,000	-18,636,000	-15,920,000	-24,915,000	-25,302,000	-25,668,000	-25,078,000	-76,960,000	-35,525,000	-21,866,000	-69,958,000	-	-17,926,000	-
EBT Margin	34.8%	-0.12	-0.19	-0.24	-0.28	-0.32	-0.51	-0.58	-0.60	-0.82	-0.69	-0.66	-0.50	-0.54	-0.53	-
Net Income	44.7%	-4,473,000	-8,091,000	-18,771,000	-15,990,000	-25,029,000	-25,371,000	-25,737,000	-25,147,000	-72,097,000	-35,527,000	-21,999,000	-70,026,000	-32,622,000	-17,984,000	-
Net Income Margin	33.6%	-0.12	-0.19	-0.25	-0.28	-0.32	-0.50	-0.56	-0.59	-0.80	-0.69	-0.67	-0.72	-0.54	-0.53	-
Free Cashflow	243.8%	19,442,000	5,655,000	8,983,000	-25,629,000	1,163,000	875,000	-5,425,000	-25,314,000	-27,352,000	-222,000	-21,149,000	-19,944,000	-12,549,000	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet											(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Assets	17.1%	2,484	2,121	2,087	1,950	2,212	1,913	2,012	1,932	2,266	1,459	727
Current Assets	21.2%	2,099	1,731	1,693	1,551	1,808	1,502	1,599	1,516	1,858	1,076	432
Cash Equivalents	19.7%	407	340	337	368	351	411	363	295	563	151	252
Net PPE	-0.5%	101	101	102	103	104	105	106	106	106	83.00	87.00
Goodwill	0%	166	166	166	166	166	166	166	166	166	161	106
Liabilities	24.1%	1,827	1,472	1,443	1,300	1,555	1,240	1,324	1,227	1,543	1,182	405
Current Liabilities	27.4%	1,673	1,313	1,281	1,137	1,391	1,029	1,112	1,016	1,332	960	213
Long Term Debt	-6.9%	70.00	75.00	75.00	76.00	76.00	123	123	121	120	102	98.00
LT Debt, Current	0%	6.00	6.00	6.00	6.00	6.00	5.00	5.00	5.00	5.00	1.00	1.00
LT Debt, Non Current	-6.9%	70.00	75.00	75.00	76.00	76.00	123	123	121	120	-	98.00
Shareholder's Equity	1.2%	656	648	645	651	657	671	688	704	723	-	-511
Retained Earnings	-0.4%	-1,022	-1,017	-1,009	-990	-974	-948	-923	-897	-871	-799	-672
Additional Paid-In Capital	0.8%	1,678	1,666	1,654	1,641	1,632	1,621	1,612	1,602	1,595	230	161
Shares Outstanding	0.6%	204	203	202	201	199	198	197	197	85.00	55.00	50.00
Float	-	-	-	1,649	-	-	-	976	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)															(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	243.8%	19,442	5,655	8,983	-25,629	1,163	875	-5,425	-25,314	-27,352	-222	-21,149	-19,944	-	-	-
Share Based Compensation	-13.8%	9,675	11,229	11,021	8,931	8,071	8,718	8,258	6,791	13,100	1,157	1,105	847	-	-	-
Cashflow From Investing	1677.8%	51,720	-3,278	-40,680	44,184	-15,689	46,730	72,297	-243,686	-19,869	-54,106	-6,034	-4,098	-	-	-
Cashflow From Financing	848.3%	348,320	36,732	139,375	-233,581	310,089	-95,997	93,446	-309,265	830,667	192,286	156,113	388,793	-	-	-

AVDX Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues	$ 380,720	$ 316,350	$ 248,409
Cost of revenues (exclusive of depreciation and amortization expense)	121,307	117,864	100,090
Operating expenses
Sales and marketing	77,523	77,733	63,939
Research and development	97,555	83,905	65,147
General and administrative	101,924	91,384	95,817
Impairment and write-off of intangible assets			1,412
Depreciation and amortization	35,912	32,842	30,738
Total operating expenses	312,914	285,864	257,053
Loss from operations	(53,501)	(87,378)	(108,734)
Other income (expense)
Interest income	20,890	7,164	661
Interest expense	(13,519)	(20,749)	(20,108)
Change in fair value of derivative instrument			(26,128)
Charge for amending financing advisory engagement letter - related party			(50,000)
Other income (expenses)	7,371	(13,585)	(95,575)
Loss before income taxes	(46,130)	(100,963)	(204,309)
Income tax expense (benefit)	1,195	321	(4,660)
Net loss	(47,325)	(101,284)	(199,649)
Deemed dividend on preferred stock			(9,500)
Accretion of convertible preferred stock			(15,141)
Net loss attributable to common stockholders	$ (47,325)	$ (101,284)	$ (224,290)
Net loss per share attributable to common stockholders, basic	$ (0.23)	$ (0.51)	$ (2.64)
Net loss per share attributable to common stockholders, diluted	$ (0.23)	$ (0.51)	$ (2.64)
Weighted average number of common shares used to compute net loss per share attributable to common stockholders, basic	201,887,669	198,045,805	85,061,417
Weighted average number of common shares used to compute net loss per share attributable to common stockholders, diluted	201,887,669	198,045,805	85,061,417

AVDX Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 406,974	$ 350,563
Restricted funds held for customers	1,578,656	1,283,824
Marketable securities	44,645	110,986
Accounts receivable, net of allowances of $4,231 and $3,123, respectively	46,689	39,668
Supplier advances receivable, net of allowances of $1,333 and $1,872, respectively	9,744	10,016
Prepaid expenses and other current assets	12,070	12,561
Total current assets	2,098,778	1,807,618
Property and equipment, net	100,985	103,892
Operating lease right-of-use assets	1,628	2,343
Deferred customer origination costs, net	27,663	28,284
Goodwill	165,921	165,921
Intangible assets, net	84,805	98,749
Other noncurrent assets and deposits	3,957	5,189
Total assets	2,483,737	2,211,996
Current liabilities
Accounts payable	16,777	13,453
Accrued expenses	56,367	73,535
Payment service obligations	1,578,656	1,283,824
Deferred revenue	12,851	12,063
Current maturities of lease obligations under finance leases	275	477
Current maturities of lease obligations under operating leases	1,525	1,380
Current maturities of long-term debt	6,425	6,425
Total current liabilities	1,672,876	1,391,157
Long-term liabilities
Deferred revenue, less current	14,742	17,487
Contingent consideration, less current portion		70
Obligations under finance leases, less current maturities	62,464	61,974
Obligations under operating leases, less current maturities	3,275	4,657
Long-term debt	69,760	75,912
Other long-term liabilities	4,175	3,295
Total liabilities	1,827,292	1,554,552
Commitments and contingencies
Stockholders' deficit
Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of December 31, 2023 and 2022
Common stock, $0.001 par value; 1,600,000,000 shares authorized as of December 31, 2023 and 2022; 204,084,024 and 199,433,998 shares issued and outstanding as of December 31, 2023 and 2022, respectively	204	199
Additional paid-in capital	1,678,401	1,632,080
Accumulated deficit	(1,022,160)	(974,835)
Total stockholders' equity	656,445	657,444
Total liabilities and stockholders' equity	$ 2,483,737	$ 2,211,996

About AvidXchange Holdings, Inc.

AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and Cashflow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina.

CEO	Mr. Michael Praeger
WEBSITE	avidxchange.com
INDUSTRY	Software - Infra
EMPLOYEES	1600

AvidXchange Holdings, Inc. Frequently Asked Questions

What is the ticker symbol for AvidXchange Holdings, Inc.? What does AVDX stand for in stocks?

AVDX is the stock ticker symbol of AvidXchange Holdings, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of AvidXchange Holdings, Inc. (AVDX)?

As of Wed Apr 24 2024, market cap of AvidXchange Holdings, Inc. is 2.43 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AVDX stock?

You can check AVDX's fair value in chart for subscribers.

What is the fair value of AVDX stock?

You can check AVDX's fair value in chart for subscribers. The fair value of AvidXchange Holdings, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of AvidXchange Holdings, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AVDX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is AvidXchange Holdings, Inc. a good stock to buy?

The fair value guage provides a quick view whether AVDX is over valued or under valued. Whether AvidXchange Holdings, Inc. is cheap or expensive depends on the assumptions which impact AvidXchange Holdings, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AVDX.

What is AvidXchange Holdings, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, AVDX's PE ratio (Price to Earnings) is -51.25 and Price to Sales (PS) ratio is 6.37. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AVDX PE ratio will change depending on the future growth rate expectations of investors.