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AvidXchange Announces Timing of Its First Quarter 2024 Financial Results Conference Call and Webcast
CHARLOTTE, N.C., April 09, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its first quarter 2024 ended March 31, 2024, financial results will be released on Wednesday, May 8, 2024. AvidXchange will host a conference call at 10:00 AM ET on May 8, 2024, to discuss the company's financial results.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
The Russell 2000 Index is constituted of approximately 2,000 of America's small-cap companies. At the time of this writing, there are 1,957 holdings in the index, as some disappear due to mergers, bankruptcy, and other corporate events.
In the closing of the recent trading day, AvidXchange Holdings, Inc. (AVDX) stood at $12.91, denoting a +1.25% change from the preceding trading day.
AvidXchange Holdings, Inc. (AVDX) closed the most recent trading day at $12.91, moving -0.15% from the previous trading session.
AvidXchange's FY 2024 EBITDA guidance was +35% better than the sell side's earlier consensus estimate. AvidXchange aims to hit the rule of 40 benchmark next year, with expectations of an improvement in its operating profitability driven by the favorable impact of scale economies. The stock is still trading at a discount to its peers which I think is unjustified, and this translates into a Buy rating for AVDX.
AvidXchange Holdings, Inc. (AVDX) Q4 2023 Earnings Call Transcript
AvidXchange's (AVDX) fourth-quarter performance is likely to have benefited from its expanding portfolio and clientele.
Beyond analysts' top -and-bottom-line estimates for AvidXchange Holdings, Inc. (AVDX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.
AvidXchange Holdings, Inc. (AVDX) reachead $12.13 at the closing of the latest trading day, reflecting a -1.14% change compared to its last close.