With 2.33 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.0 million shares. The 52-week range on AVDX shows that it touched its highest point at $12.93 and its lowest point at $6.61 during that stretch. It currently has a 1-year price target of $9.88. Beta for the stock currently stands at 1.22.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AVDX was up-trending over the past week, with a rise of 0.31%, but this was up by 16.73% over a month. Three-month performance surged to 31.67% while six-month performance fell -14.75%. The stock lost -6.51% in the past year, while it has lost -5.51% so far this year. A look at the trailing 12-month EPS for AVDX yields 0.01 with Next year EPS estimates of 0.33. For the next quarter, that number is 0.06. This implies an EPS growth rate of -3.10% for this year and 30.09% for next year.
Float and Shares Shorts:
At present, 206.20 million AVDX shares are outstanding with a float of 162.91 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AVDX since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.26036 being high and $0.24141 being low. For AVDX, this leads to a yearly average estimate of $0.25147. Based on analyst estimates, the high estimate for the next quarter is $0.08 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.07.
