AvidXchange Holdings Stock (NASDAQ: AVDX)

AvidXchange Holdings Stock (NASDAQ:AVDX), Trade Ideas

AvidXchange Holdings

AvidXchange Holdings Inc is a provider of AP automation software and payment solutions for middle-market businesses and their suppliers. It generates the majority of its sales from Payment revenue followed by Software revenue and Services revenue. The company generates revenue in the United States.

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Goldman Sachs analyst downgraded AvidXchange Holdings from Neutral to Sell and decreased price target due to high stock price and competition concerns.

What&#39;s Going On With AvidXchange Stock Monday?

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Cramer Predicts &#39;Another Great Year&#39; For Live Nation; For EQT He&#39;s &#39;Not Going To Go There&#39;

AvidXchange Holdings, Inc. - Common Stock

AvidXchange Holdings Inc

GSK Plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) has reportedly taken legal action against&nbsp;Pfizer Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) and&nbsp;BioNTech&nbsp;SE&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) in a Delaware federal court, alleging patent infringement concerning mRNA technology used in the COVID-19 vaccines.&nbsp;
The lawsuit contends that Pfizer and BioNTech&#8217;s Comirnaty vaccines violate GSK&#8217;s patents.
Pfizer responded, expressing confidence in its intellectual property position regarding Comirnaty and asserting its intent to defend against GSK&#8217;s claims.&nbsp;
Reuters highlighted that GSK emphasized that its patents underpin the technology used in Pfizer and BioNTech&#8217;s COVID-19 mRNA vaccines. The company was willing to license these patents under reasonable terms to ensure ongoing vaccine access.
This lawsuit contributes to a series of high-stakes legal battles in the U.S. involving Pfizer, BioNTech, and&nbsp;Moderna&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) regarding patent royalties for vaccine technology.&nbsp;
GSK seeks unspecified monetary damages from Pfizer and BioNTech, including ongoing patent licensing fees.&nbsp;
The complaint highlights that GSK&#8217;s patents encompass technology for delivering mRNA into human cells, a development initiated in 2008 and acquired through its purchase of part of&nbsp;Novartis AG&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>)&nbsp;vaccines business in 2015.
Moderna&nbsp;is set&nbsp;to clash with&nbsp;Pfizer and&nbsp;BioNTech in a pivotal London patent trial concerning the development of&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/04/38388306/moderna-faces-pfizer-biontech-in-london-patent-battle-over-covid-19-vaccines-in-legal-showdown" rel="noreferrer noopener">COVID-19 vaccines</a>.&nbsp;
The High Court is slated to address a legal complaint brought by Moderna. It alleges patent infringement by its competitors in utilizing the mRNA platform crucial to vaccine development, a claim Pfizer and BioNTech have refuted by asserting patent invalidity.
Last August, GSK sued&nbsp;Pfizer in Delaware court, alleging that Pfizer&#8217;s respiratory syncytial virus (RSV) vaccine Abrysvo violates GSK&#8217;s four patent rights in&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/23/10/35492470/gsks-competitive-edge-surpasses-pfizer-in-respiratory-syncytial-virus-vaccine-sales" rel="noreferrer noopener">its RSV&nbsp;shot Arexvy</a>.
In the&nbsp;lawsuit, GSK said that Pfizer began working on its RSV program as early as 2013, at least&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/23/08/33523594/gsk-pfizer-lock-horns-over-patent-fight-related-to-respiratory-syncytial-virus-vaccine" rel="noreferrer noopener">seven years after GSK</a>.
Price Action:&nbsp;PFE stock is down 3.48% at $25.34, GSK shares are down 0.09% at $40.83, and BNTX stock is down 1.50% at $86.77 at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

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What's Going On With Pfizer Stock On Thursday?

TD Cowen analyst Krish Sankar maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Buy and raises the price target from $975 to $1000.

LRCX

TD Cowen Maintains Buy on Lam Research, Raises Price Target to $1000

JP Morgan analyst Michael Mueller maintains Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) with a Overweight and lowers the price target from $143 to $128.

JP Morgan Maintains Overweight on Prologis, Lowers Price Target to $128

JP Morgan analyst Brian Ossenbeck maintains Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) with a Neutral and lowers the price target from $231 to $219.

ODFL

JP Morgan Maintains Neutral on Old Dominion Freight Line, Lowers Price Target to $219

JP Morgan analyst Richard Shane maintains Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) with a Neutral and lowers the price target from $17 to $16.

NAVI

JP Morgan Maintains Neutral on Navient, Lowers Price Target to $16

Kinder Morgan's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) short percent of float has risen 29.38% since its last report. The company recently reported that it has 44.29 million shares sold short, which is 2.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kinder Morgan Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714067123_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kinder Morgan has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Kinder Morgan's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kinder Morgan's peer group average for short interest as a percentage of float is 3.92%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Short Ideas

Looking Into Kinder Morgan's Recent Short Interest

Lemonade's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) short percent of float has risen 4.5% since its last report. The company recently reported that it has 16.66 million shares sold short, which is 32.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 15.04 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lemonade Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714067117_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lemonade has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Lemonade's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lemonade's peer group average for short interest as a percentage of float is 4.49%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

LMND

(LMND) - Analyzing Lemonade's Short Interest

Truist Finl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) short percent of float has fallen 9.8% since its last report. The company recently reported that it has 12.28 million shares sold short, which is 0.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.46 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Truist Finl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714067112_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Truist Finl has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Truist Finl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Truist Finl's peer group average for short interest as a percentage of float is 3.89%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(TFC) - Analyzing Truist Finl's Short Interest

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NBA Negotiates New Media Deals, Discussing Increased Payments For Fewer Games With ESPN And TNT, While Exploring Streaming Packages With Amazon And YouTube

B. Riley Securities analyst Raj Sharma maintains Donnelley Financial Solns (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFIN#NYSE">DFIN</a>) with a Buy and raises the price target from $66 to $72.

DFIN

B. Riley Securities Maintains Buy on Donnelley Financial Solns, Raises Price Target to $72

B. Riley Securities analyst Dave Kang maintains Ribbon Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) with a Buy and raises the price target from $6 to $6.5.

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B. Riley Securities Maintains Buy on Ribbon Comms, Raises Price Target to $6.5

TD Cowen analyst John Blackledge maintains Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) with a Buy and lowers the price target from $590 to $530.

TD Cowen Maintains Buy on Meta Platforms, Lowers Price Target to $530

Unilever PLC&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) shares are trading higher following first-quarter FY24&nbsp;<a target="_blank" href="https://www.unilever.com/news/press-and-media/press-releases/2024/improved-volume-growth-led-by-power-brands/" rel="noreferrer noopener">earnings</a>.
Turnover&nbsp;rose 1.4% Y/Y to 15.0 billion euros,&nbsp;with -2.0% impact from currency and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">-0.9% from net disposals</a>.
Underlying sales grew 4.4%, with volume growth of 2.2% and price growth of 2.2% Y/Y.
Power Brands continued to perform strongly, with 6.1% Y/Y underlying sales growth, led by volume growth of 3.8% Y/Y.
Beauty &amp; Wellbeing underlying sales rose 7.4% Y/Y, with volume growth of 5.6% Y/Y aided by continued double-digit growth from Health &amp; Wellbeing and Prestige Beauty.&nbsp;
Personal Care underlying&nbsp;sales was up 4.8%, with volume growth of 1.4% in the quarter. Home Care underlying sales increased 3.1%, aided by volume growth of 4.3%&nbsp;Y/Y.&nbsp;
Underlying sales in Nutrition grew&nbsp;3.7%&nbsp;and Ice&nbsp;Cream increased&nbsp;2.3%&nbsp;Y/Y in the quarter.
Outlook: For FY24, the company reiterated underlying sales growth in the multi-year range of 3% to 5%, with an increasing&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">contribution from volume growth</a>.
Last month, Unilever revealed its plans to&nbsp;separate&nbsp;its Ice Cream business and focus on a portfolio of brands with strong positions in attractive categories&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37815586/chilling-changes-unilever-to-separate-iconic-ice-cream-brands-in-strategic-shake-up" rel="noreferrer noopener">and complementary operating models</a>.
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37916172/unilevers-ice-cream-unit-may-find-home-in-amsterdam-over-london-report" rel="noreferrer noopener">Unilever&#8217;s Ice Cream Unit May Find Home In Amsterdam Over London: Report</a>
Investors can gain exposure to the stock via&nbsp;Hartford Funds Exchange-Traded Trust Hartford Quality Value ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/QUVU#BATS">QUVU</a>) and&nbsp;Pacer Global Cash Cows Dividend ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/GCOW#BATS">GCOW</a>).
Price Action: UL shares are up 6.22% at $51.06 at the last check Thursday.
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Why Personal Products Major Unilever Shares Are Rising Today

B. Riley Securities analyst Anna Glaessgen maintains YETI Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YETI#NYSE">YETI</a>) with a Neutral and lowers the price target from $42 to $38.

YETI

B. Riley Securities Maintains Neutral on YETI Holdings, Lowers Price Target to $38

JP Morgan analyst Brian Essex maintains IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) with a Neutral and lowers the price target from $190 to $185.

JP Morgan Maintains Neutral on IBM, Lowers Price Target to $185

Truist Securities analyst William Stein maintains Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) with a Buy and raises the price target from $121 to $136.

Truist Securities Maintains Buy on Amphenol, Raises Price Target to $136

JP Morgan analyst Pablo Singzon maintains Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) with a Neutral and lowers the price target from $62 to $59.

GSHD

JP Morgan Maintains Neutral on Goosehead Insurance, Lowers Price Target to $59

Truist Securities analyst Joel Fishbein maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and raises the price target from $3250 to $3440.

Truist Securities Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $3440

The EV king, Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) steered back towards making more affordable EVs in attempt to reassure the world that it is past its prime. Last year, it temporarily lost its EV crown to BYD Company Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddy#OTC">BYDDY</a>) who is firing across all cylinders when it comes to EV offerings. But even the price war didn&rsquo;t help Tesla solve its problems, however, by the reaction of the market, cheaper EVs could be the answer.
The EV slowdown is undoubtedly the new reality, but the EV growth is still happening, just at a slower pace. Along with EV makers, there are also parts makers who continue to innovate at full speed. One such example is&nbsp;Worksport Ltd&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>) who specializes in creating&nbsp;innovative hybrid and clean energy solutions&nbsp;for&nbsp;light trucks. With its latest news, Worksport set the stage for a transformative year&nbsp;of growth.&nbsp;
Fueled by innovation, Worksport signaled major growth is ahead.
Through a memo that highlighted the company&rsquo;s undervalued&nbsp;stock&nbsp;potential, Worksport guided for a significant increase in&nbsp;2024&nbsp;sales. With robust inventory and a stable supply chain, Worksport is expecting to reach production milestones this year, with both B2C and B2B momentum being supported by positive reception, with the latter including purchase orders from three leading U.S. players.
Most importantly for the EV universe, Worksport will the first to bring a solar-powerd truck bed cover this summer&nbsp;after extensive engineering and prototyping. By capturing&nbsp;even 5% of the U.S.&nbsp;market,&nbsp;the patented SOLIS cover&nbsp;could potentially bring in more than&nbsp;$300 million&nbsp;in&nbsp;annual&nbsp;revenue&nbsp;to Worksport. In addition,&nbsp;the patent pending COR&nbsp;portable and independent&nbsp;battery system&nbsp;is nearing the end of its prototyping phase. The power duo made of SOLIS and COR has the potential to disrupt the EV market as its off-grid power on the go promise to extend the range of pickups. As it continues to expand its intellectual property portfolio, through its subsidiary, Terravis Energy&nbsp;Inc,&nbsp;Worksport is also about to entry to the&nbsp;global heat pump market&nbsp;that is estimated to reach $&nbsp;142.4&nbsp;billion in value by the end of the decade. Terravis Energy is nearing the completion&nbsp;of an innovative residential heat pump&nbsp;that&nbsp;promises to surpass&nbsp;existing technological standards by up to 40%.
With its intellectual property, Worksport&rsquo;s offerings provide a glimpse into a cleaner energy future of the transport industry that the EV revolution promises to bring.
EV euphoria might no longer be in the air, the EV revolution is still alive.
Tesla caused many concerns, first by warning a year of slower growth is ahead, and then with its disappointing first quarter results. However, this week&rsquo;s news show that although EV demand has slowed down amid a challenging environment, EV makers, along with companies across industries, continue to innovate and find ways to contribute to the EV future. Therefore, innovation just might be the salvation that the EV revolution desperately needs right now as it is key to overcoming current challenges.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Penny Stocks

BYDDY

WKSP

Tesla And Worksport Show Innovation Could Be The Salvation The EV Industry Needs Right Now

JP Morgan analyst Bill Peterson maintains Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) with a Overweight and lowers the price target from $28 to $27.

CSTM

JP Morgan Maintains Overweight on Constellium, Lowers Price Target to $27

Piper Sandler analyst Brent Bracelin maintained a Hold rating on AvidXchange Holdings (AVDX – Research Report) today and set a price target of $14....

Piper Sandler Keeps Their Hold Rating on AvidXchange Holdings (AVDX)

AvidXchange Holdings: Meeting The Rule Of 40 Benchmark Is Key Catalyst

AvidXchange Holdings Inc (AVDX) is near the top in its sector according to InvestorsObserver.AVDX gets an overall rating of 83. That means it scores higher than 83% of stocks.AvidXchange Holdings Inc gets a 73 rank in the Technology sector. Technology is number 4 out of 11 sectors. AVDX has an Overall Score of 83. Find out

Can AvidXchange Holdings Inc (AVDX) Stock Rise to the Top of Technology Sector Friday?

AvidXchange Holdings (AVDX) has shared an announcement. AvidXchange Holdings, Inc. witnessed a significant board reshuffle as Matthew Harris and We...

AvidXchange Revamps Board with Strategic Leadership Changes

Tracking Lone Pine Capital Portfolio - Q4 2023 Update

Overall market sentiment has been high on AvidXchange Holdings Inc (AVDX)  stock lately. AVDX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator. AvidXchange Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AVDX!See Full AVDX ReportWh

Is AvidXchange Holdings Inc (AVDX) a Stock to Watch After Gaining 2.75% This Week?

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With <a href="https://www.cnbc.com/2023/04/14/charts-how-much-inflation-increased-since-2021.html">inflation over the last two years</a> diminishing the dollar&rsquo;s buying power, investors must focus on value more than ever. Some stocks, despite offering a piece of a high-performing company, are simply out of reach for the average retail investor. 



Moreover, the bull market could be cooling as ambiguous signals from the Federal Reserve regarding rate cuts. As such, the purchasing environment has brought several cheaper stocks to buy.



A cheap investment may sound implausible &mdash; as low-cost stocks provide larger portions of shares for a better price. This allows investors who buy at the right time to establish more significant ownership in a particular company over time.



<a href="https://www.investopedia.com/articles/stocks/09/companies-trade-for-less-than-cash.asp">Cheap stocks also tend to be undervalued</a>, generating more potential upside for investors. Depending on the number of shares and the company&rsquo;s market capitalization, the value of a stock only represents an entry price. Investors can then use its annual returns to determine the time it would take to double in value.



<h2>Accel Entertainment (ACEL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/crypto-slot-machine-bitcoin-tether-litecoin-1600-300x169.jpg" alt="Slot machine graphic in gold in silver with blue background displaying Bitcoin, Tether and Litecoin logos, symbolizing crypto slot machine/gambling"><div>Source: shutterstock.com/VictorWard</div></div>As gambling becomes increasingly more popular across the United States, Accel Entertainment (NYSE:<a href="https://investorplace.com/stock-quotes/acel-stock-quote/">ACEL</a>) gains new potential customers every year. For its main product line, the company specializes in three types of gaming terminals: slots, amusement machines and redemption terminals. However, unlike other gaming terminal providers, <a href="https://www.accelentertainment.com/">ACEL focuses on authorized non-casino locations</a>, such as gas stations, bars and restaurants.



This enables Accel to grow rapidly within a niche market where its customers derive extra revenue from its machines. Moreover, because its business model excludes casinos, the company can focus on volume manufacturing rather than custom orders. With this approach, Accel&rsquo;s fourth quarter financials for 2023 saw <a href="https://csimarket.com/stocks/growthrates.php?code=ACEL">revenue</a> increase to $297 million by 6.83% year over year.



The company&rsquo;s quarterly net income surged to <a href="https://finance.yahoo.com/quote/ACEL/">$15.99 million by 19.26%</a> year-over-year, representing stable profitability. With governmental attitudes towards gambling continuing to soften, ACEL&rsquo;s opportunities to expand will only continue to grow in the coming years.



<h2>AvidXchange Holdings (AVDX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/avdx1600-300x169.jpg" alt="The front webpage of AvidXchange (AVDX)."><div>Source: chrisdorney / Shutterstock.com</div></div>A company not often mentioned in the AI automation market, AvidXChange Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/avdx-stock-quote/">AVDX</a>) provides a critical product for small businesses. For all companies, invoicing is the lifeblood of operations, as it brings in much-needed cash to keep the lights on. But <a href="https://planergy.com/blog/invoice-processing-cost/#:~:text=payments%20are%20valid.-,What%20Is%20the%20Average%20Cost%20To%20Process%20an%20Invoice%3F,%2440%20for%20a%20single%20invoice.">invoicing itself can be a drain on resources</a>, as it either requires the business owner&rsquo;s precious time or an employee to handle the work.



That&rsquo;s where AVDX comes in, with its proprietary accounts payable automation solutions. For both small and large businesses, this software frees up owners&rsquo; time and provides relief from accounts payable expenses. The company also automates several facets of the supply chain process, such as purchase orders, bill pay and business analytics.



<a href="https://ir.avidxchange.com/?kw=avidxchange%20ir&amp;cpn=15096021592&amp;utm_source=Google&amp;utm_medium=Search&amp;utm_campaign=701Uq000001eISIIA2&amp;utm_content=Brand_Demo&amp;utm_term=avidxchange%20ir&amp;utm_mt=e&amp;utm_cmpid=15096021592&amp;utm_adgid=132158796897&amp;utm_adid=586731129349&amp;utm_tgtid=kwd-1640650139480&amp;utm_extid=&amp;utm_ntwk=g&amp;utm_dvc=c&amp;utm_stlnk=&amp;keyword=avidxchange%20ir&amp;gad_source=1&amp;gclid=Cj0KCQjwiMmwBhDmARIsABeQ7xTDtd9SihNwhg0M_bjVW4TVqLZZDmDULl3TVs5sf6zqCqH9ADYirOEaApEKEALw_wcB">With 1.2 million customers and counting</a>, the company has successfully gained momentum in its growth stages. Though it has not consistently turned a profit, its 82% income growth year-over-year signals profitability could come soon.&nbsp;



<h2>ThredUp (TDUP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/tdup-stock-1-300x169.jpg" alt="A magnifying glass zooms in on the website for ThredUp (TDUP)."><div>Source: II.studio / Shutterstock.com</div></div>Having seen some price corrections since its debut, ThredUp (NASDAQ:<a href="https://investorplace.com/stock-quotes/tdup-stock-quote/">TDUP</a>) currently holds an attractive price considering its market potential. Yet, it&rsquo;s not just pricing that makes TDUP one of the highest potential cheap stocks to buy. That&rsquo;s because ThredUp specializes in the recently blooming secondhand clothing industry.&nbsp;



The thrift clothing market is projected to grow to <a href="https://www.thredup.com/resale/?utm_campaign=Shoptalk%202022&amp;utm_medium=email&amp;_hsenc=p2ANqtz-9rSJjuHNmQx7OYN2CM48CbfL100pjwh0PbvMh2IfNgr7EAc8IdL0qXbZqe57b2pxrkL20TWZC3vBvOAhmJbINH79HOtw&amp;_hsmi=203755306&amp;utm_content=203755306&amp;utm_source=hs_email">$350 billion by 2028</a> as consumers become far more financially conscious. ThredUp&rsquo;s edge is in its breadth of offerings and enticing consumers to consider buying secondhand clothes as a first choice. It achieves this by <a href="https://help.thredup.com/en_us/what-is-bundled-shipping-B1SCDhhq3#:~:text=Once%20shipped%2C%20your%20orders%20will,in%203%2D8%20business%20days.&amp;text=Please%20note%3A%20Shipping%20for%20Hawaii,is%20available%20for%20these%20orders.">cutting down on the shipping times</a> that make many other online clothing release websites less attractive.&nbsp;



Furthermore, by offering secondhand designer brands, ThredUP makes luxury clothing accessible to more consumers for a lower price. As such, this approach could spur word-of-mouth recognition spreading about the site, increasing its value among cheap stocks to buy.



On the date of publication, Viktor Zarev&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Viktor Zarev is a scientist, researcher, and writer specializing in explaining the complex world of technology stocks through dedication to accuracy and understanding.</div><h3>More From InvestorPlace</h3>
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