AvidXchange Holdings Inc’s recent filing unveils that its insider Stahl Ryan unloaded Company’s shares for reported $61997.0 on Sep 23 ’24. In the deal valued at $8.13 per share,7,621 shares were sold. As a result of this transaction, Stahl Ryan now holds 377,030 shares worth roughly $3.01 million.
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Then, RYAN STAHL bought 7,621 shares, generating $61,578 in total proceeds.
Before that, Stahl Ryan sold 2,649 shares. AvidXchange Holdings Inc shares valued at $20,574 were divested by the insider at a price of $7.77 per share. As a result of the transaction, Stahl Ryan now holds 384,651 shares, worth roughly $3.07 million.
Compass Point initiated its AvidXchange Holdings Inc [AVDX] rating to a Neutral in a research note published on September 04, 2024; the price target was $8. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “a Neutral”. UBS also remained covering AVDX and has decreased its forecast on August 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. Goldman revised its rating on April 15, 2024. It rated AVDX as “a Sell” which previously was an “a Neutral”.
Price Performance Review of AVDX
On Friday, AvidXchange Holdings Inc [NASDAQ:AVDX] saw its stock jump 2.44% to $7.99. Over the last five days, the stock has gained 1.40%. AvidXchange Holdings Inc shares have fallen nearly -35.51% since the year began. Nevertheless, the stocks have fallen -13.25% over the past one year. While a 52-week high of $13.56 was reached on 02/29/24, a 52-week low of $6.88 was recorded on 08/05/24. SMA at 50 days reached $7.90, while 200 days put it at $10.81.
Levels Of Support And Resistance For AVDX Stock
The 24-hour chart illustrates a support level at 7.70, which if violated will result in even more drops to 7.40. On the upside, there is a resistance level at 8.19. A further resistance level may holdings at 8.38. The Relative Strength Index (RSI) on the 14-day chart is 50.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.98%. Stochastics %K at 31.99% indicates the stock is a holding.
How much short interest is there in AvidXchange Holdings Inc?
A steep rise in short interest was recorded in AvidXchange Holdings Inc stocks on 2024-09-30, growing by 0.11 million shares to a total of 5.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.54 million shares. There was a rise of 1.94%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 09, 2024 when Keefe Bruyette began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $13.50 price target.
