AvePoint Inc (NASDAQ: AVPT) is 116.08% higher on its value in year-to-date trading and has touched a low of $7.08 and a high of $19.16 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 $17.76 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $17.74, the stock is -3.12% and 15.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -0.11% at the moment leaves the stock 59.54% off its SMA200. AVPT registered 108.95% gain for a year compared to 6-month gain of 76.52%. The firm has a 50-day simple moving average (SMA 50) of $15.2649 and a 200-day simple moving average (SMA200) of $11.068975.
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The stock witnessed a 7.06% loss in the last 1 month and extending the period to 3 months gives it a 48.58%, and is -4.47% down 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 3.27% over the week and 3.19% over the month.
AvePoint Inc (AVPT) has around 2543 employees, a market worth around $3.33B and $315.92M in sales. Fwd P/E is 75.81. Profit margin for the company is -2.42%. Distance from 52-week low is 150.56% and -7.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.43%).
with sales reaching $88.06M over the same period.The EPS is expected to grow by 95.63% this year, but quarterly earnings will post 21.18% year-over-year. Quarterly sales are estimated to grow 18.00% in year-over-year returns.
262.0 institutions hold shares in AvePoint Inc (AVPT), with institutional investors hold 77.90% of the company’s shares. The shares outstanding are 187.43M, and float is at 100.19M with Short Float at 6.96%. Institutions hold 49.30% 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 Caci James, the company’s Chief Financial Officer. SEC filings show that Caci James sold 20,215 shares of the company’s common stock on Nov 20 ’24 at a price of $17.12 per share for a total of $0.35 million. Following the sale, the insider now owns 0.59 million shares.
AvePoint Inc disclosed in a document filed with the SEC on Nov 21 ’24 that Lu Zhijian (10% Owner) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Nov 21 ’24 and was made at $17.81 per share for $0.18 million. Following the transaction, the insider now directly holds 18.26 million shares of the AVPT stock.
Still, SEC filings show that on Nov 20 ’24, Lu Zhijian (10% Owner) disposed off 10,000 shares at an average price of $17.12 for $0.17 million. The insider now directly holds 18,270,673 shares of AvePoint Inc (AVPT).
