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Is AvePoint Inc. (NASDAQ: AVPT) A Good Investment For New Investors Now?

AvePoint Inc. (NASDAQ:AVPT) shares, rose in value on Wednesday, 06/22/22, with the stock price down by -2.27% to the previous day’s close as strong demand from buyers drove the stock to $5.17.

Actively observing the price movement in the last trading, the stock closed the session at $5.29, falling within a range of $5.16 and $5.42. The value of beta (5-year monthly) was 0.83. Referring to stock’s 52-week performance, its high was $12.55, and the low was $3.88. On the whole, AVPT has fluctuated by -2.08% over the past month.

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With the market capitalization of AvePoint Inc. currently standing at about $903.92 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 15, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.03, which is expected to increase to $0.01 for fiscal year -$0.01 and then to about $0.09 by fiscal year 2023. Data indicates that the EPS growth is expected to be 95.20% in 2023, while the next year’s EPS growth is forecast to be 1,000.00%.

Analysts have estimated the company’s revenue for the quarter at $50.29 million, with a low estimate of $48.1 million and a high estimate of $49 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $239 million, representing an increase of 24.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AVPT’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AVPT currently trading nearly -5.86% and 1.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.39, while the 7-day volatility ratio is showing 6.76% which for the 30-day chart, stands at 5.34%. Furthermore, AvePoint Inc. (AVPT)’s average true range (ATR) is 0.32.

Data on historical trading for AvePoint Inc. (NASDAQ:AVPT) indicates that the trading volumes over the past 3 months, they’ve averaged 1.06 million. According to company’s latest data on outstanding shares, there are 182.83 million shares outstanding.

Nearly 3.00% of AvePoint Inc.’s shares belong to company insiders and institutional investors own 35.50% of the company’s shares. The stock has fallen by -17.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AVPT stock heading into the next quarter.

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