Avidxchange Holdings Stock Fair Value – BTIG Research Initiates Rating for AvidXchange Holdings
January 2, 2024
🌥️Trending News
AVIDXCHANGE ($NASDAQ:AVDX): BTIG Research has given AvidXchange Holdings Inc. a rating of “Buy,” according to the Knox Daily. AvidXchange Holdings Inc. is a financial technology company that offers cloud-based software solutions that simplify, automate and accelerate accounts payable and payments processes. It provides access to an integrated suite of software solutions, including paperless invoice delivery, automated workflow approvals, freight payment management, virtual card capabilities and more. AvidXchange is also the leader in electronic payments for the mid-market, including companies such as Marriott International, US Foods, and BB&T. AvidXchange is publicly traded on the Nasdaq Global Select Market (NASDAQ: AVXL), and it’s expected to become a leader in the fintech industry as it continues to grow and innovate.
With its strong customer base and innovative technology, AvidXchange is well-positioned for long-term success. Investors may want to consider adding AvidXchange Holdings Inc. to their portfolios.
Price History
On the same day, AVIDXCHANGE HOLDINGS stock opened at $12.3 and closed at $12.4, up by 0.7% from the previous closing price of 12.3. This is a positive development for the company as it signals that the financial and investment community has taken note of their progress and potential. It is also worth noting that the stock has seen a steady increase over the past few trading sessions, indicating support for the company’s growth trajectory. With this new rating, investors can have greater confidence in the company’s future outlook. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avidxchange Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 362.83 | -67.88 | -18.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avidxchange Holdings. More…
| Operations | Investing | Financing |
| -9.83 | -15.46 | 252.62 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Avidxchange Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.12k | 1.47k | 3.2 |
Key Ratios Snapshot
Some of the financial key ratios for Avidxchange Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.4% | – | -14.3% |
| FCF Margin | ROE | ROA |
| -7.6% | -5.0% | -1.5% |
Analysis – Avidxchange Holdings Stock Fair Value
At GoodWhale, we recently conducted an analysis of AVIDXCHANGE HOLDINGS‘s wellbeing. Our proprietary Valuation Line gives us an indication of the intrinsic value of a stock, and for AVIDXCHANGE HOLDINGS, it indicated that the underlying value of their share is around $10.8. Despite this, the stock is currently trading at $12.4, which is a 15.3% premium to the intrinsic value. That’s why we recommend that investors should exercise caution when considering investing in AVIDXCHANGE HOLDINGS at its current price. More…
Peers
The company was founded in 2000 and is headquartered in Charlotte, North Carolina. AvidXchange has over 700 employees and serves over 6,000 customers in North America. AvidXchange’s main competitors are i3 Verticals Inc, GreenBox POS, and Avalara Inc. These companies are all similar to AvidXchange in that they provide software solutions for businesses.
However, each company has its own unique offerings that set it apart from the others.
– i3 Verticals Inc ($NASDAQ:IIIV)
Verticals Inc is a publicly traded company with a market capitalization of 506.04 million as of 2022. The company has a return on equity of -2.68%. Verticals Inc is a provider of cloud-based software and services for businesses. The company’s software and services enable businesses to manage their operations, customers, and employees.
Summary
BTIG Research has initiated a rating on AvidXchange Holdings Inc, a provider of cloud-based software solutions that automate payment processes. They highlight the company’s strong revenue growth and its demonstrated success in penetrating the middle market segment. They are optimistic about the company’s ability to leverage its existing customer base and extend into new verticals, as well as its efforts to expand internationally.
Additionally, they point out the company’s liquidity position, and note that its financials are bolstered by strong cash flow generation and cash balance. They believe these factors will drive the company’s valuation higher in the long run. They have adopted a bullish stance on the stock with a “buy” recommendation.
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