AvePoint Inc [AVPT] stock is trading at $8.18, down -2.62%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AVPT shares have gain 5.68% over the last week, with a monthly amount glided 7.21%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
AvePoint Inc [NASDAQ: AVPT] stock has seen the most recent analyst activity on February 14, 2023, when Goldman initiated its Neutral rating and assigned the stock a price target of $5.50. Previously, Citigroup started tracking the stock with Neutral rating on November 04, 2022, and set its price target to $4.50. On March 21, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $7 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $10 on January 11, 2022. Cowen initiated its recommendation with a Outperform and recommended $14.50 as its price target on August 16, 2021. Northland Capital started tracking with a Outperform rating for this stock on July 27, 2021, and assigned it a price target of $15. In a note dated July 26, 2021, William Blair initiated an Outperform rating.
AvePoint Inc [AVPT] stock has fluctuated between $3.90 and $8.61 over the past year. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. AvePoint Inc [NASDAQ: AVPT] shares were valued at $8.18 at the most recent close of the market. An investor can expect a potential return of 46.7% based on the average AVPT price forecast.
Analyzing the AVPT fundamentals
AvePoint Inc [NASDAQ:AVPT] reported sales of 271.82M for the trailing twelve months, which represents a growth of 17.32%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.1 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.09 points at the first support level, and at 8.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.34, and for the 2nd resistance point, it is at 8.51.
AvePoint Inc [AVPT] reported earnings per share of $0.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of $0.03 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.03 per share as compared to estimates of $0.02 per share, a difference of $0.01 representing a surprise of 50.00%.
Ratios To Look Out For
For context, AvePoint Inc’s Current Ratio is 1.84. Further, the Quick Ratio stands at 1.84, while the Cash Ratio is 1.26. Considering the valuation of this stock, the price to sales ratio is 5.54, the price to book ratio is 7.17.
Transactions by insiders
Recent insider trading involved Brown Brian Michael, Chief Legal Officer, that happened on Apr 01 ’24 when 20000.0 shares were sold. Chief Financial Officer, Caci James completed a deal on Mar 21 ’24 to sell 6939.0 shares. Meanwhile, Chief Financial Officer Caci James sold 3061.0 shares on Mar 20 ’24.
