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How to Buy Avidxchange Holdings Stock

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.

Avidxchange Holdings stock last closed at $13.15, up 0.15% from the previous day, and has increased 71.67% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.48 percentage points. Avidxchange Holdings stock is currently +91.13% from its 52-week low of $6.88, and -3.02% from its 52-week high of $13.56.

As of Mar 28, 2024, there are 204.32M AVDX shares outstanding. The market value of AVDX is $2.69B. In the last 24 hours, 1.9M AVDX shares were traded.

How to Buy Avidxchange Holdings Stock

Wondering how to invest in Avidxchange Holdings stock? Here's how.
  1. Figure out where to buy Avidxchange Holdings stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Avidxchange Holdings stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Pick your payment method and add your details.
  4. Evaluate Avidxchange Holdings stock: The Avidxchange Holdings ticker symbol is AVDX. Is Avidxchange Holdings stock a good investment? Should you buy shares of AVDX? How do AVDX's underlying business fundamentals look? Do top analysts think Avidxchange Holdings is a good buy? Why has AVDX's stock price moved recently? (Hint: Our stock research tools can help you evaluate if AVDX is a good stock to buy).
  5. Place your AVDX purchase: Decide if you will purchase AVDX shares at the current market price or use a limit order to purchase AVDX stock at a particular price.
  6. Watch your investment in AVDX: Create a watchlist to get the latest news on your investment in Avidxchange Holdings shares.

Step 1: Figure out where to buy Avidxchange Holdings stock

You need a brokerage account in order to access the NASDAQ market and buy AVDX stock.

A brokerage account enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've picked the right brokerage, you'll need to fill out some personal info so you can invest in AVDX stock today.

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  2. Input your personal info to create a new trading account.
  1. Send your information by clicking the "Create Account" button.
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Step 3: Deposit money your investment account

Now that you've filled out your info on the best stock broker app, you can securely and quickly fund your account:

Check out this video walkthrough for more details transferring funds into your new brokerage account.

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Step 4: Evaluate Avidxchange Holdings stock

After you have chosen the best place to buy Avidxchange Holdings stock, it's absolutely critical to research their stock prior to investing, so you truly wrap your head around the risk and opportunity.

Avidxchange Holdings shares data

AVDX Price
$13.15
1w %
0.46%
1y %
71.67%
5y %
N/A
P/E
-57.17x
P/B
4.09x
P/S
6.97x
PEG
N/A
Revenue
$380.72M
Earnings
-$47.33M
Fore. Rev. Growth
17.25%
Fore. Earn. Growth
N/A
Market Cap
$2.69B
Next Earnings
May 1, 2024
Next Dividend
N/A

Avidxchange Holdings Zen Score

WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis.

You can see all of the due diligence checks on AVDX's stock page.

How is AVDX stock valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge AVDX's true value.

Using relative valuations ratios:

  • AVDX may be undervalued based on its P/B ratio of 4.09x, relative to Software - Infrastructure industry P/B ratio of 12.26x

You can do additional valuation analysis on AVDX's stock here.

AVDX Financial Overview

Passed Financial Due Diligence Checks:

  • AVDX profit margin has gone up from -32% to -12.4% in the past year.
  • There are more short-term assets than long-term liabilities on the AVDX balance sheet.
  • There are more short-term assets than short-term liabilities on the AVDX balance sheet.

Failed Financial Due Diligence Checks:

  • AVDX's operating cash flow of $8.45M allows it to safely service it's debt of $143.72M.
  • AVDX earnings of -$32.61M is not sufficient to cover its interest payments.
  • AVDX has a relatively high debt to equity ratio of 2.78.

Is it a good time to buy Avidxchange Holdings stock, according to Wall Street analysts?

Out of 8 sell side analysts who give ratings on AVDX, the consensus analyst rating on AVDX is a Buy

It's important to note that analyst forecasts are not recommendations, nor are they financial advice.

Most Recent AVDX Analyst Recommendations

Ramsey El-Assal, a bottom 3% analyst from Barclays maintains AVDX with a strong buy rating and raises their AVDX price target from $13.00 to $14.00, on Dec 22, 2023.

Lance Jessurun, a bottom 6% analyst from BTIG initiates coverage on AVDX with a strong buy rating and announces their AVDX price target of $14.00, on Dec 6, 2023.

Andrew Bauch, a top 32% analyst from Wells Fargo maintains AVDX with a hold rating and raises their AVDX price target from $9.00 to $10.00, on Nov 9, 2023.

You can dive deeper into what analysts are projecting on the Avidxchange Holdings stock forecast page.

AVDX Momentum

SMA10
12.9
SMA20
12.85
SMA50
12.15
SMA100
11.47
SMA200
10.8
MACD
0.22
MACD Signal
0.23
MACD Histogram
-0.01
RSI
59.99
Stochastic %K
78.66
Stochastic %D
74.7
StochRSI %K
68.82
StochRSI %D
54.96

AVDX Growth Numbers

Last year, AVDX revenue was $380.72M. In the past 4 year, AVDX's revenue has gone up by 26.31% per year. This was faster than the Software - Infrastructure industry average of 17.22%.

Dig into AVDX's earnings and revenue performance here.

Latest Insiders Trades at AVDX

In the last 12 months, executives and large shareholders at AVDX have sold more shares than they have bought.

Daniel Drees, President of AVDX, was the latest AVDX insider to sell. They sold $229,151.27 worth of AVDX shares on Mar 20, 2024.

Learn more about who owns AVDX stock here.

Does AVDX provide a stable income stream?

No, Avidxchange Holdings doesn't provide an income stream by paying out dividends.

Get opinions from other traders

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

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Step 5: Place your AVDX purchase

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact price limit, place a limit order.

Press the Open Trade button and your broker will place the order.

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Step 6: Watch your investment in AVDX

Now that you own some shares in AVDX, you'll want to stay up-to-date on your company.

Make a watchlist to track the latest developments regarding your AVDX stock.

AVDX Feed

How to Buy Stock in Avidxchange Holdings

To reiterate, here are the 6 steps to buy stock in Avidxchange Holdings:

  1. Figure out where to buy Avidxchange Holdings stock
  2. Create a brokerage account
  3. Deposit money your investment account
  4. Evaluate Avidxchange Holdings stock
  5. Place your AVDX purchase
  6. Watch your investment in AVDX

If you need a brokerage, eToro is our favorite venue.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to watch your new investment in Avidxchange Holdings, add AVDX to your watchlist below.

NASDAQ: AVDX
$13.15+0.02 (+0.15%)
Updated Mar 28, 2024
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NASDAQ: AVDX
$13.15+0.02 (+0.15%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Avidxchange Holdings share?

As of Mar 28, 2024, it costs $13.15 to buy one share of Avidxchange Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $6, you can buy 0.456 shares of AVDX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Avidxchange Holdings stock?

According to 8 Wall Street analysts who monitor Avidxchange Holdings, their consensus recommendation is to buy Avidxchange Holdings stock.

What is the best way to buy Avidxchange Holdings stock?

One way to place an order for Avidxchange Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.