With 6.48 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.39 million shares. The 52-week range on AVDX shows that it touched its highest point at $13.56 and its lowest point at $7.38 during that stretch. It currently has a 1-year price target of $11.38. Beta for the stock currently stands at 1.24.
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 down-trending over the past week, with a drop of -25.74%, but this was down by -31.94% over a month. Three-month performance dropped to -33.26% while six-month performance fell -8.05%. The stock lost -39.94% in the past year, while it has lost -29.84% so far this year. A look at the trailing 12-month EPS for AVDX yields -0.01 with Next year EPS estimates of 0.43. For the next quarter, that number is 0.06. This implies an EPS growth rate of 9.40% for this year and 49.72% for next year. EPS is expected to grow by 13.98% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.21%.
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 $0.25951 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 $0.05. The average estimate for the next quarter is thus $0.07.
