AvePoint Inc [NASDAQ: AVPT] gained 6.87% on the last trading session, reaching $11.51 price per share at the time.
If compared to the average trading volume of 1.23M shares, AVPT reached a trading volume of 3770186 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about AvePoint Inc [AVPT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AVPT shares is $12.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AVPT stock is a recommendation set at 1.57. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for AvePoint Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 14, 2023. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on November 04, 2022, representing the official price target for AvePoint Inc stock. Previously, the target price had yet another raise to $7, while Goldman analysts kept a Neutral rating on AVPT stock.
The Average True Range (ATR) for AvePoint Inc is set at 0.37, with the Price to Sales ratio for AVPT stock in the period of the last 12 months amounting to 7.17. The Price to Book ratio for the last quarter was 10.43, with the Price to Cash per share for the same quarter was set at 1.24. Price to Free Cash Flow for AVPT in the course of the last twelve months was 45.71 with Quick ratio for the last quarter at 1.83.
Trading performance analysis for AVPT stock
AvePoint Inc [AVPT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.02. With this latest performance, AVPT shares gained by 5.79% in over the last four-week period, additionally plugging by 45.51% over the last 6 months – not to mention a rise of 76.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AVPT stock in for the last two-week period is set at 65.94, with the RSI for the last a single of trading hit 70.86, and the three-weeks RSI is set at 63.68 for AvePoint Inc [AVPT]. The present Moving Average for the last 50 days of trading for this stock 10.49, while it was recorded at 10.93 for the last single week of trading, and 8.75 for the last 200 days.
AvePoint Inc [AVPT]: A deeper dive into fundamental analysis
AvePoint Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.83 and a Current Ratio set at 1.83.
AvePoint Inc [AVPT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, AvePoint Inc posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AVPT.
An analysis of Institutional ownership at AvePoint Inc [AVPT]
There are presently around $45.83%, or 72.54%% of AVPT stock, in the hands of institutional investors. The top three institutional holders of AVPT stocks are: ANCHOR IV PTE. LTD. with ownership of 16.67 million shares, which is approximately 9.183%. VANGUARD GROUP INC, holding 14.96 million shares of the stock with an approximate value of $$155.93 million in AVPT stocks shares; and VANGUARD GROUP INC, currently with $$106.09 million in AVPT stock with ownership which is approximately 5.6099%.
