AvePoint Inc (AVPT) Shares on the Rise: Short-term Analysis

AvePoint Inc [AVPT] stock is trading at $11.55, up 0.61%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AVPT shares have gain 7.04% over the last week, with a monthly amount glided 7.24%, 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 $6.41 and $11.96 over the past year. Currently, Wall Street analysts expect the stock to reach $10.83 within the next 12 months. AvePoint Inc [NASDAQ: AVPT] shares were valued at $11.55 at the most recent close of the market. An investor can expect a potential drop of -6.23% based on the average AVPT price forecast.

Analyzing the AVPT fundamentals

AvePoint Inc [NASDAQ:AVPT] reported sales of 299.88M for the trailing twelve months, which represents a growth of 20.18%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.07 and Total Capital is -0.02. 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 11.36 points at the first support level, and at 11.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.65, and for the 2nd resistance point, it is at 11.76.

Ratios To Look Out For

For context, AvePoint Inc’s Current Ratio is 1.83. Also, the Quick Ratio is 1.83, while the Cash Ratio stands at 1.31. Considering the valuation of this stock, the price to sales ratio is 7.19, the price to book ratio is 10.47.

Transactions by insiders

Recent insider trading involved Lu Zhijian, 10% Owner, that happened on Aug 22 ’24 when 10000.0 shares were sold. 10% Owner, Lu Zhijian completed a deal on Aug 23 ’24 to sell 10000.0 shares. Meanwhile, 10% Owner Lu Zhijian sold 10000.0 shares on Aug 26 ’24.

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