With 3.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.94 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $17.5 whereas the lowest price it dropped to was $16.52. The 52-week range on AVPT shows that it touched its highest point at $16.62 and its lowest point at $7.08 during that stretch. It currently has a 1-year price target of $16.83. Beta for the stock currently stands at 0.93.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AVPT was up-trending over the past week, with a rise of 9.17%, but this was up by 45.23% over a month. Three-month performance surged to 62.79% while six-month performance rose 87.17%. The stock gained 107.59% in the past year, while it has gained 113.15% so far this year. A look at the trailing 12-month EPS for AVPT yields -0.04 with Next year EPS estimates of 0.23. For the next quarter, that number is 0.05. This implies an EPS growth rate of 95.63% for this year and 39.46% for next year.
Float and Shares Shorts:
At present, 184.65 million AVPT shares are outstanding with a float of 100.39 million shares on hand for trading. On 2024-10-31, short shares totaled 4.81 million, which was 256.0 higher than short shares on 1727654400. In addition to Mr. Xunkai Gong as the firm’s Co-founder & Executive Chairman, Dr. Tianyi Jiang serves as its Co-Founder, CEO & Director.
Institutional Ownership:
Through their ownership of 0.49377 of AVPT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, AVPT reported revenue of $88804000.0 and operating income of $7652000.0. The EBITDA in the recently reported quarter was $10966000.0 and diluted EPS was $0.01.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AVPT since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AVPT analysts setting a high price target of 19.0 and a low target of 15.0, the average target price over the next 12 months is 16.83333. Based on these targets, AVPT could surge 8.57% to reach the target high and fall by -14.29% to reach the target low. Reaching the average price target will result in a decline of -3.81% from current levels.
Analysts have provided yearly estimates in a range of $0.17051 being high and $0.16549 being low. For AVPT, this leads to a yearly average estimate of $0.1678. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.04.
