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 $8.18, up 2.38% from the previous day, and has decreased 12.14% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.08 percentage points. Avidxchange Holdings stock is currently +18.9% from its 52-week low of $6.88, and -39.68% from its 52-week high of $13.56.
As of Oct 14, 2024, there are 207.85M AVDX shares outstanding. The market value of AVDX is $1.70B. In the last 24 hours, 1.64M AVDX shares were traded.
How to Buy Avidxchange Holdings Stock
Wondering how to invest in Avidxchange Holdings stock? Here's how.
- 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.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your payment method and add your details.
- 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).
- 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.
- 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.
Our preferred brokerage: eToro
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Open eToro AccountStep 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.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
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.
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
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 2.48x, relative to Software - Infrastructure industry P/B ratio of 11.94x
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 -24.6% to -3.2% 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.
- AVDX's operating cash flow of $44.03M allows it to safely service it's debt of $142.60M.
Failed Financial Due Diligence Checks:
- AVDX earnings of $1.60M is not sufficient to cover its interest payments.
- AVDX has a relatively high debt to equity ratio of 2.08.
Is it a good time to buy Avidxchange Holdings stock, according to Wall Street analysts?
Out of 11 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
Rufus Hone, a top 15% analyst from BMO Capital maintains AVDX with a hold rating and lowers their AVDX price target from $13.00 to $10.00, on Aug 1, 2024.
Andrew Bauch, a top 18% analyst from Wells Fargo maintains AVDX with a hold rating and lowers their AVDX price target from $13.00 to $10.00, on Aug 1, 2024.
Sanjay Sakhrani, a top 19% analyst from Keefe, Bruyette & Woods maintains AVDX with a hold rating and lowers their AVDX price target from $13.50 to $11.00, on Aug 1, 2024.
James Friedman, a bottom 2% analyst from Susquehanna maintains AVDX with a strong buy rating and lowers their AVDX price target from $16.00 to $14.00, on Aug 1, 2024.
Timothy Chiodo, a top 29% analyst from UBS downgrades AVDX to a hold rating and lowers their AVDX price target from $15.00 to $10.00, on Aug 1, 2024.
You can dive deeper into what analysts are projecting on the Avidxchange Holdings stock forecast page.
AVDX Momentum
AVDX Growth Numbers
Last year, AVDX revenue was $413.47M. In the past 3 year, AVDX's revenue has gone up by 97.55% per year. This was faster than the Software - Infrastructure industry average of 17.82%.
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.
Ryan Stahl, General Counsel and Secretary Senior Vice President of AVDX, was the latest AVDX insider to sell. They sold $61,996.84 worth of AVDX shares on Sep 23, 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.
If you want more info about buying stocks on eToro, watch the how to video below:
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:
- Figure out where to buy Avidxchange Holdings stock
- Create a brokerage account
- Deposit money your investment account
- Evaluate Avidxchange Holdings stock
- Place your AVDX purchase
- Watch your investment in AVDX
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your new investment in Avidxchange Holdings, add AVDX to your watchlist below.
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