AvePoint Inc. (NASDAQ:AVPT) price closed lower on Monday, September 13, dropping -0.71% below its previous close.
A look at the daily price movement shows that the last close reads $9.90, with intraday deals fluctuated between $9.775 and $10.10. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.90 and 52-week low of $8.36. The stock subtracted -0.51% on its value in the past month.
AvePoint Inc., which has a market valuation of $1.78 billion, is expected to release its quarterly earnings report Nov 15, 2021 – Nov 19, 2021. Analysts tracking AVPT have forecast the quarterly EPS to grow by 0.01 per share this quarter, while the same analysts predict the annual EPS to hit $0.06 for the year 2021 and up to $0.06 for 2022.
On average, analysts have forecast the company’s revenue for the quarter will hit $52.57 million, with the likely lows of $52.2 million and highs of $53.25 million. Staying with the analyst view, there is a consensus estimate of $193.89 million for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AVPT a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 5 analysts have assigned AVPT a recommendation rating as follows: 0 rate it as a Hold; 5 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the AvePoint Inc. (AVPT) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that AVPT’s price is at present 3.40% off the SMA20 and -3.38% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 50.09, with weekly volatility standing at 6.77%. The indicator jumps to 6.04% when calculated based on the past 30 days. AvePoint Inc. (NASDAQ:AVPT)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.56. Considering analysts have assigned the stock a price target range of $14.00-$17.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $15.25. Based on this estimate, we see that current price is roughly -42.42% off the estimated low and -72.94% off the forecast high. Investors will no doubt be excited to see the share price fall to $15.00, which is the median consensus price, and at that level AVPT would be -52.59% from current price.
An analysis of the AvePoint Inc. (NASDAQ:AVPT) stock in terms of its daily trading volume indicates that the 3-month average is 1.04 million.
Current records show that the company has 44.56M in outstanding shares. The insiders’ percentage holdings are 2.90% of outstanding shares while the percentage share held by institutions stands at 1.80%. But the -34.51% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.