In the latest session, AvePoint Inc (NASDAQ: AVPT) closed at $7.63 up 2.28% from its previous closing price of $7.46. In other words, the price has increased by $+0.17 from its previous closing price. On the day, 866231 shares were traded. AVPT stock price reached its highest trading level at $7.70 during the session, while it also had its lowest trading level at $7.49.
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Ratios:
For a deeper understanding of AvePoint Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 43.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.84 and its Current Ratio is at 1.84. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on February 14, 2023, initiated with a Neutral rating and assigned the stock a target price of $5.50.
On November 04, 2022, Citigroup started tracking the stock assigning a Neutral rating and target price of $4.50.
Goldman Downgraded its Buy to Neutral on March 21, 2022, while the target price for the stock was maintained at $7.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 01 ’24 when Brown Brian Michael sold 20,000 shares for $8.11 per share. The transaction valued at 162,122 led to the insider holds 1,286,088 shares of the business.
Brown Brian Michael sold 20,000 shares of AVPT for $155,600 on Feb 01 ’24. The Chief Legal Officer now owns 1,306,088 shares after completing the transaction at $7.78 per share. On Jan 02 ’24, another insider, Brown Brian Michael, who serves as the Chief Legal Officer of the company, sold 20,000 shares for $7.92 each. As a result, the insider received 158,324 and left with 1,326,088 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AVPT now has a Market Capitalization of 1.37B and an Enterprise Value of 1.16B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.17 while its Price-to-Book (P/B) ratio in mrq is 6.69. Its current Enterprise Value per Revenue stands at 4.26 whereas that against EBITDA is -108.66.
Stock Price History:
Over the past 52 weeks, AVPT has reached a high of $8.61, while it has fallen to a 52-week low of $3.89. The 50-Day Moving Average of the stock is 7.95, while the 200-Day Moving Average is calculated to be 7.11.
Shares Statistics:
For the past three months, AVPT has traded an average of 851.23K shares per day and 1.04M over the past ten days. A total of 184.65M shares are outstanding, with a floating share count of 97.43M. Insiders hold about 47.05% of the company’s shares, while institutions hold 35.20% stake in the company. Shares short for AVPT as of Feb 15, 2024 were 6.16M with a Short Ratio of 7.24, compared to 6.44M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.34% and a Short% of Float of 6.28%.
Earnings Estimates
There are 6 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.01, while EPS last year was $0. The consensus estimate for the next quarter is $0.02, with high estimates of $0.03 and low estimates of $0.
Analysts are recommending an EPS of between $0.17 and $0.04 for the fiscal current year, implying an average EPS of $0.11. EPS for the following year is $0.18, with 6 analysts recommending between $0.29 and $0.1.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $72.33M this quarter.It ranges from a high estimate of $72.91M to a low estimate of $71.7M. As of the current estimate, AvePoint Inc’s year-ago sales were $59.57M, an estimated increase of 21.40% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $75.41M, an increase of 16.20% less than the figure of $21.40% in the same quarter last year. There is a high estimate of $77.16M for the next quarter, whereas the lowest estimate is $73.8M.
A total of 7 analysts have provided revenue estimates for AVPT’s current fiscal year. The highest revenue estimate was $317.33M, while the lowest revenue estimate was $312.6M, resulting in an average revenue estimate of $314.45M. In the same quarter a year ago, actual revenue was $271.82M, up 15.70% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $369.97M in the next fiscal year. The high estimate is $375M and the low estimate is $363.1M. The average revenue growth estimate for next year is up 17.70% from the average revenue estimate for this year.
