The stock of AvePoint Inc (NASDAQ: AVPT) has increased by 2.98 when compared to last closing price of 13.09.Despite this, the company has seen a gain of 11.04% in its stock price over the last five trading days. zacks.com reported 2024-11-07 that AvePoint, Inc. (AVPT) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.03 per share a year ago.
Is It Worth Investing in AvePoint Inc (NASDAQ: AVPT) Right Now?
Company’s 36-month beta value is 0.89.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for AVPT is 99.97M, and currently, short sellers hold a 4.95% ratio of that floaft. The average trading volume of AVPT on November 08, 2024 was 919.96K shares.
AVPT’s Market Performance
AVPT stock saw an increase of 11.04% in the past week, with a monthly gain of 9.24% and a quarterly increase of 34.00%. The volatility ratio for the week is 2.51%, and the volatility levels for the last 30 days are 2.51% for AvePoint Inc (AVPT). The simple moving average for the past 20 days is 9.52% for AVPT’s stock, with a 38.85% simple moving average for the past 200 days.
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 12.45% 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 able to rebound, for now settling with 2.90% of gains for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares surge +8.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.12% upper at present.
During the last 5 trading sessions, AVPT rose by +11.04%, which changed the moving average for the period of 200-days by +77.14% in comparison to the 20-day moving average, which settled at $12.31. In addition, AvePoint Inc saw 64.19% 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 Lu Zhijian, who sale 10,000 shares at the price of $12.24 back on Oct 18 ’24. After this action, Lu Zhijian now owns 18,330,673 shares of AvePoint Inc, valued at $122,400 using the latest closing price.
Lu Zhijian, the 10% Owner of AvePoint Inc, sale 10,000 shares at $12.10 during a trade that took place back on Oct 21 ’24, which means that Lu Zhijian is holding 18,320,673 shares at $121,000 based on the most recent closing price.
Stock Fundamentals for AVPT
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.74 for the gross margin
The net margin for AvePoint Inc stands at -0.05. The total capital return value is set at -0.02. Equity return is now at value -6.94, with -3.50 for asset returns.
Based on AvePoint Inc (AVPT), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 3.54. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -2.96.
Currently, EBITDA for the company is -10.36 million with net debt to EBITDA at -42.48. When we switch over and look at the enterprise to sales, we see a ratio of 7.68. The receivables turnover for the company is 3.83for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
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.
