Avid Technology Releases Q1 2023 Earnings Guidance
AVIDDelisted Stock | USD 25.12 0.04 0.16% |
About 55% of Avid Technology's investor base is interested to short. The analysis of current outlook of investing in Avid Technology suggests that many traders are impartial regarding Avid Technology's prospects. The current market sentiment, together with Avid Technology's historical and current headlines, can help investors time the market. In addition, many technical investors use Avid Technology stock news signals to limit their universe of possible portfolio assets.
Avid |
Avid Technology updated its first quarter 2023 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.21-0.29 for the period, compared to the consensus estimate of 0.31. The company issued revenue guidance of 97.00 million-105.00 million, compared to the consensus revenue estimate of 106.20 million. Avid Technology
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Avid Technology Fundamental Analysis
We analyze Avid Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avid Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avid Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Liabilities
Current Liabilities Comparative Analysis
Avid Technology is currently under evaluation in current liabilities category among its peers. Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Avid Technology Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Avid Technology stock to make a market-neutral strategy. Peer analysis of Avid Technology could also be used in its relative valuation, which is a method of valuing Avid Technology by comparing valuation metrics with similar companies.
Peers
Avid Technology Related Equities
ALKT | Alkami Technology | 4.96 | ||||
BMR | Beamr Imaging | 4.71 | ||||
ASUR | Asure Software | 4.49 | ||||
HTCR | HeartCore Enterprises | 2.53 | ||||
AGYS | Agilysys | 2.37 | ||||
APPF | Appfolio | 1.46 | ||||
PYCR | Paycor HCM | 1.29 | ||||
ANSS | ANSYS | 1.27 | ||||
BLKB | Blackbaud | 1.15 | ||||
MANH | Manhattan Associates | 1.01 | ||||
ENFN | Enfusion | 0.85 | ||||
BSY | Bentley Systems | 0.13 | ||||
EB | Eventbrite | 0.26 | ||||
PCTY | Paylocity Holdng | 0.33 | ||||
IFBD | Infobird | 3.11 | ||||
IDAI | Trust Stamp | 16.31 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Avid Stock
If you are still planning to invest in Avid Technology check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Avid Technology's history and understand the potential risks before investing.
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