AvePoint Inc (NASDAQ: AVPT) is 43.61% higher on its value in year-to-date trading and has touched a low of $6.41 and a high of $12.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AVPT stock was last observed hovering at around $11.75 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $11.79, the stock is 5.07% and 9.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.64 million and changing 0.34% at the moment leaves the stock 32.41% off its SMA200. AVPT registered 77.83% gain for a year compared to 6-month gain of 50.19%.
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The stock witnessed a 9.47% loss in the last 1 month and extending the period to 3 months gives it a 25.16%, and is 1.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.65% over the week and 2.72% over the month.
AvePoint Inc (AVPT) has around 2543 employees, a market worth around $2.20B and $299.88M in sales. Fwd P/E is 51.42. Profit margin for the company is -4.82%. Distance from 52-week low is 83.93% and -1.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.75%).
The EPS is expected to grow by 66.34% this year
243.0 institutions hold shares in AvePoint Inc (AVPT), with institutional investors hold 73.11% of the company’s shares. The shares outstanding are 184.65M, and float is at 99.83M with Short Float at 7.14%. Institutions hold 46.20% of the Float.
The top institutional shareholder in the company is ANCHOR IV PTE. LTD. with over 16.67 million shares valued at $173.67 million. The investor’s holdings represent 9.183 of the AVPT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.96 million shares valued at $155.93 million to account for 8.2451 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.18 million shares representing 5.6099 and valued at over $106.09 million, while STATE STREET CORP holds 1.7642 of the shares totaling 3.2 million with a market value of $33.36 million.
AvePoint Inc (AVPT) Insider Activity
The most recent transaction is an insider sale by Lu Zhijian, the company’s 10% Owner. SEC filings show that Lu Zhijian sold 10,000 shares of the company’s common stock on Aug 22 ’24 at a price of $10.85 per share for a total of $0.11 million. Following the sale, the insider now owns 18.43 million shares.
AvePoint Inc disclosed in a document filed with the SEC on Aug 23 ’24 that Lu Zhijian (10% Owner) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $10.83 per share for $0.11 million. Following the transaction, the insider now directly holds 18.42 million shares of the AVPT stock.
Still, SEC filings show that on Aug 26 ’24, Lu Zhijian (10% Owner) disposed off 10,000 shares at an average price of $10.80 for $0.11 million. The insider now directly holds 18,410,673 shares of AvePoint Inc (AVPT).
