In the past week, AVPT stock has gone down by -3.27%, with a monthly decline of -0.90% and a quarterly plunge of -3.15%. The volatility ratio for the week is 2.30%, and the volatility levels for the last 30 days are 2.77% for AvePoint Inc The simple moving average for the last 20 days is -2.91% for AVPT’s stock, with a simple moving average of 4.36% for the last 200 days.
Is It Worth Investing in AvePoint Inc (NASDAQ: AVPT) Right Now?
The 36-month beta value for AVPT is at 0.84. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AVPT is 114.17M, and currently, shorts hold a 5.39% of that float. The average trading volume for AVPT on April 19, 2024 was 870.76K shares.
AVPT) stock’s latest price update
The stock of AvePoint Inc (NASDAQ: AVPT) has decreased by -0.65 when compared to last closing price of 7.73.Despite this, the company has seen a loss of -3.27% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-18 that JERSEY CITY, N.J., April 18, 2024 (GLOBE NEWSWIRE) — AvePoint (NASDAQ: AVPT), the most advanced platform to optimize SaaS operations and secure collaboration, will report its first quarter 2024 financial results after the US financial markets close on Thursday, May 9, 2024.
Analysts’ Opinion of AVPT
Many brokerage firms have already submitted their reports for AVPT stocks, with Goldman repeating the rating for AVPT by listing it as a “Neutral.” The predicted price for AVPT in the upcoming period, according to Goldman is $5.50 based on the research report published on February 14, 2023 of the previous year 2023.
Citigroup, on the other hand, stated in their research note that they expect to see AVPT reach a price target of $4.50. The rating they have provided for AVPT stocks is “Neutral” according to the report published on November 04th, 2022.
Goldman gave a rating of “Neutral” to AVPT, setting the target price at $7 in the report published on March 21st of the previous year.
AVPT Trading at -2.40% from the 50-Day Moving Average
After a stumble in the market that brought AVPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.80% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares sank -3.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.91% lower at present.
During the last 5 trading sessions, AVPT fell by -3.27%, which changed the moving average for the period of 200-days by +34.74% in comparison to the 20-day moving average, which settled at $7.89. In addition, AvePoint Inc saw -6.46% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AVPT starting from Brown Brian Michael, who sale 20,000 shares at the price of $7.74 back on Apr 01 ’24. After this action, Brown Brian Michael now owns 1,371,240 shares of AvePoint Inc, valued at $154,894 using the latest closing price.
Caci James, the Chief Financial Officer of AvePoint Inc, sale 6,939 shares at $8.00 during a trade that took place back on Mar 21 ’24, which means that Caci James is holding 710,473 shares at $55,518 based on the most recent closing price.
Stock Fundamentals for AVPT
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.72 for the gross margin
The net margin for AvePoint Inc stands at -0.08. The total capital return value is set at -0.06. Equity return is now at value -9.88, with -5.06 for asset returns.
Based on AvePoint Inc (AVPT), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 2.35. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 9.52.
Currently, EBITDA for the company is -10.36 million with net debt to EBITDA at 42.25. When we switch over and look at the enterprise to sales, we see a ratio of 4.43. The receivables turnover for the company is 3.17for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.
Conclusion
In conclusion, AvePoint Inc (AVPT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
