At the last check on Thursday, AvePoint Inc.’s (NASDAQ:AVPT) stock was up $0.08, moving up 1.09 percent to $6.95. The average number of shares traded per day over the past five days has been 607,849 shares. 4 times new highs have been achieved over the past 5 days, with a $0.56 gain in that time frame. In the last twenty days, the average volume was 956,137, while in the previous 50 days, it was 810,031.
Since last month, AVPT stock rose 15.75%. Shares of the company fell to $5.74 on 08/09/23, the lowest level in the past month. A 52-week high of $6.93 was reached on 08/31/23 after having rallying from a 52-week low of $3.40. Since the beginning of this year, AVPT’s stock price has risen by 68.98% or $2.83, and marked a new high 25 times. However, the stock has increased by 0.22% since its 52-week high.
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AVPT stock investors should be aware that AvePoint Inc. (AVPT) stock had its last reported insider trading activity 79 days ago on Jun 13. Sixth Street Partners Manageme, the 10% Owner of the company, disposed of 4,500,000 shares for $6.16 on Jun 13. It resulted in a $27,720,000 divestment by the insider.
Valuation Metrics
The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 5.02, the price-to-book (PB) ratio of 6.04, and the price-to-cash flow ratio of 99.05 may also be considered.
Financial Health
In the three months ended June 29, AvePoint Inc.’s quick ratio stood at 2.10, while its current ratio was 2.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 71.00% percent. In the year ended June 29, EBITDA margin amounted to -15.87%, whereas operating margins totaled -12.50%. Based on annual data, AVPT earned $167.22 million in gross profit and brought in $232.34 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -20.10%. Return on equity (ROE) for the past 12 months was -18.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AVPT’s revenue rose 13.06% to $59.57 million during the quarter, while net income inched up to $64.07 million. While analysts expected AvePoint Inc. to report $0.01 quarterly earnings, the actual figure was -$0.02 per share. During the quarter, the company generated -$5.97 million in EBITDA. The liabilities of AvePoint Inc. were 187.45 million at the end of its most recent quarter ended June 29, and its total debt was $16.25 million. The value of shareholders’ equity is $185.4 million.
Technical Picture
This quick technical analysis looks at AvePoint Inc.’s (AVPT) price momentum. With a historical volatility rate of 41.25%, the RSI 9-day stood at 74.15% on 30 August.
With respect to its five-day moving average, the current AvePoint Inc. price is up by +8.78% percent or $0.56. At present, AVPT shares trade +14.33% above its 20-day simple moving average and +70.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.47% above its SMA50 and +48.93% above its SMA200.
Stochastic coefficient K was 93.19% and Stochastic coefficient D was 90.01%, while ATR was 0.23. Given the Stochastic reading of 89.32% for the 14-day period, the RSI (14) reading has been calculated as 69.26%. As of today, the MACD Oscillator reading stands at 0.26, while the 14-day reading stands at 0.28.
Analyst Ratings
Goldman launched its rating on AvePoint Inc. (NASDAQ: AVPT) to a Neutral in a note to investors on February 14, 2023. AvePoint Inc. (AVPT) has been rated Overweight by analysts. According to 0 brokerage firms, AVPT is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate AvePoint Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $7.25, the current consensus forecast for the stock is $5.50 – $10.00. Based on these forecasts, analysts predict AvePoint Inc. (AVPT) will achieve an average price target of $7.83.
