AvidXchange Holdings, Inc. (AVDX) Stock Dips While Market Gains: Key Facts

Group 1 - AvidXchange Holdings, Inc. (AVDX) closed at $10.66, reflecting a -0.93% change from the previous day, underperforming the S&P 500's gain of 0.53% [1] - The stock has increased by 4.06% over the past month, outperforming the Computer and Technology sector's decline of 0.75% and the S&P 500's gain of 1.24% [1] Group 2 - The upcoming earnings report for AvidXchange is scheduled for February 26, 2025, with projected EPS of$ 0.06, indicating a 20% increase year-over-year [2] - Revenue is estimated to be $114.98 million, reflecting a 10.49% increase compared to the same quarter of the previous year [2] Group 3 - Recent modifications to analyst estimates for AvidXchange are crucial as they reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [3] - The Zacks Rank system, which incorporates estimate changes, provides actionable ratings, with AvidXchange currently holding a Zacks Rank of 3 (Hold) [4][5] Group 4 - AvidXchange is currently traded at a Forward P/E ratio of 32.85, which is higher than the industry average Forward P/E of 30.73 [6] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 47, placing it in the top 19% of over 250 industries [6]