In today’s recent session, 1.81 million shares of the AvePoint Inc (NASDAQ:AVPT) have been traded, and its beta is 0.88. Most recently the company’s share price was $11.60, and it changed around $0.83 or 7.75% from the last close, which brings the market valuation of the company to $2.17B. AVPT at last check was trading at a discount to its 52-week high of $11.07, offering almost 4.57% off that amount. The share price’s 52-week low was $6.41, which indicates that the recent value has risen by an impressive 44.74% since then. We note from AvePoint Inc’s average daily trading volume that its 10-day average is 0.95 million shares, with the 3-month average coming to 1.23 million.
AvePoint Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended AVPT as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. AvePoint Inc is expected to report earnings per share of 0.05 for the current quarter.
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AvePoint Inc (NASDAQ:AVPT) trade information
Instantly AVPT has been showing a green trend so far today with a performance of 7.75% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 11.96 on recent trading dayincreased the stock’s daily price by 3.01%. The company’s shares are currently up 41.35% year-to-date, but still up 5.89% over the last five days. On the other hand, AvePoint Inc (NASDAQ:AVPT) is 6.66% up in the 30-day period. We can see from the shorts that 6.91 million shares have been sold at a short interest cover period of 5.44 day(s).
The consensus price target as assigned by Wall Street analysts is $12, which translates to bulls needing to increase their stock price by 3.33% from its current value. Analyst projections state that AVPT is forecast to be at a low of $7.5 and a high of $13.
AvePoint Inc (AVPT) estimates and forecasts
AvePoint Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 46.71 percent over the past six months and at a 100.00% annual growth rate that is well above the industry average of 16.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 66.70% in revenue this quarter, and will report a decrease of -16.70% in the next quarter. The year-over-year growth rate is expected to be 18.70%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 83.39M in revenue for the current quarter. 7 analysts expect AvePoint Inc to make 86.8M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 72.76M and 74.62M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.60%. Forecasts for the next quarter put sales growth at 16.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.91%.
AVPT Dividends
AvePoint Inc’s next quarterly earnings report is expected to be released in September.
AvePoint Inc (NASDAQ:AVPT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 36.82% of AvePoint Inc shares, and 45.83% of them are in the hands of institutional investors. The stock currently has a share float of 72.54%. AvePoint Inc stock is held by 243.0 institutions, with ANCHOR IV PTE. LTD. being the largest institutional investor. By 2024-06-30, it held 9.183% of the shares, which is about 16.67 million shares worth $173.67 million.
VANGUARD GROUP INC, with 8.2451% or 14.96 million shares worth $155.93 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Mar 31, 2024 . The former held 4.43 shares worth $52.04 million, making up 2.37% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 3.52 shares worth around $41.41 million, which represents about 1.89% of the total shares outstanding.
