The stock of AvePoint Inc (AVPT) has seen a 7.77% increase in the past week, with a 4.77% gain in the past month, and a 8.76% flourish in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 2.60% for AVPT. The simple moving average for the last 20 days is 5.06% for AVPT stock, with a simple moving average of 11.63% for the last 200 days.
Is It Worth Investing in AvePoint Inc (NASDAQ: AVPT) Right Now?
Company’s 36-month beta value is 0.83.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AVPT is 114.17M, and currently, short sellers hold a 5.69% ratio of that floaft. The average trading volume of AVPT on April 26, 2024 was 810.28K shares.
AVPT) stock’s latest price update
The stock of AvePoint Inc (NASDAQ: AVPT) has increased by 4.64 when compared to last closing price of 7.92. Despite this, the company has experienced a 7.77% gain in its stock price over the last five trading sessions. 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 5.51% 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 -3.75% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +4.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.25% upper at present.
During the last 5 trading sessions, AVPT rose by +7.28%, which changed the moving average for the period of 200-days by +41.27% in comparison to the 20-day moving average, which settled at $7.90. In addition, AvePoint Inc saw 0.94% in overturn over a single year, with a tendency to cut further gains.
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 4.83. 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 a nutshell, AvePoint Inc (AVPT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
