Full Answer
How much is a share of apxt worth?
One share of APXT stock can currently be purchased for approximately $5.98. How much money does Apex Technology Acquisition make? Apex Technology Acquisition has a market capitalization of $266.47 million.
What happened to Apex Technology Acquisition Corp stock?
The Apex Technology Acquisition Corp stock price fell by -2.86% on the last day (Tuesday, 10th Aug 2021) from $10.49 to $10.19. During the day the stock fluctuated 4.70% from a day low at $9.98 to a day high of $10.45.
What happened to the apxt merger?
The APXT merger with AvePoint was announced back in November. APXT stock popped almost 30 percent to trade at over $15 per share on the news of the possible merger. The shares continued to climb until February. As of June 21, the shares were trading at just over $11.
What does apxt stand for?
Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC. Apex Technology Acquisition Corp. (NASDAQ: APXT) and AvePoint Will Make a Donation to Girls Who Code for Every Shareholder who Votes on the Business Combination, up to $100,000 ... What Could Be Next As Apex Technology Heads Toward Resistance?
What happens to APXT stock after merger?
Once the merger is complete, APXT stock will change to AVPT but will continue to trade on the same exchange.
What is APXT stock doing?
Key Turning Points52-Week High17.90Fibonacci 50%13.88Fibonacci 38.2%12.93Last Price12.1152-Week Low9.861 more row
Should I buy Apex technology stock?
Apex Technology Acquisition Corp finds support from accumulated volume at $10.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This stock has average movements during the day and with good trading volume, the risk is considered to be medium.
What is the price target for APXT?
Based on analyst ratings, Aptinyx's 12-month average price target is $4.71.
Who is APXT merging with?
Apex Technology Acquisition is a SPAC bringing AvePoint, the largest data management solutions provider for Microsoft 365, to the market. Once the merger is complete, APXT stock will change to AVPT but will continue to trade on the same exchange.
Who is the CEO of APXT?
What does Apex Technology Acquisition Corp do? Apex is a special purpose acquisition corporation led by co-CEOs Jeff Epstein, the former CFO of Oracle, and Brad Koenig, the former head of Goldman Sachs' global technology investment banking team.
What is APXT merger date?
(NASDAQ: APXT) Recommends Stockholders Vote in Favor of the Proposed Business Combination with AvePoint. June 7, 2021 ·9 min read.
Will Apex Technology stock go up?
Apex Technology Acquisition Corp Stock Forecast Given the current short-term trend, the stock is expected to rise 2.36% during the next 3 months and, with a 90% probability hold a price between $9.74 and $12.85 at the end of this 3-month period.
How do I invest in Epic Games?
Although Epic has shares, they're not currently available to the public for purchase. The only way to get a piece of Epic is to buy into its outside investors, such as Tencent or Sony. In the future, Sweeney may decide to go through with an IPO.
Who are Apex Technology Acquisition's key executives?
Apex Technology Acquisition's management team includes the following people: Mr. Jeffrey Emanuel Epstein , Co-CEO, CFO & Sec. (Age 65) Mr. Bradf...
Who are some of Apex Technology Acquisition's key competitors?
Some companies that are related to Apex Technology Acquisition include Hello Group (MOMO) , Consensus Cloud Solutions (CCSI) , Cellebrite DI (CL...
What is Apex Technology Acquisition's stock symbol?
Apex Technology Acquisition trades on the NASDAQ under the ticker symbol "APXT."
What is Apex Technology Acquisition's stock price today?
One share of APXT stock can currently be purchased for approximately $5.74.
How much money does Apex Technology Acquisition make?
Apex Technology Acquisition (NASDAQ:APXT) has a market capitalization of $255.77 million.
What is Apex Technology Acquisition's official website?
The official website for Apex Technology Acquisition is www.apexacquisitioncorp.com .
How can I contact Apex Technology Acquisition?
Apex Technology Acquisition's mailing address is 533 AIRPORT BLVD SUITE 400, BURLINGAME CA, 94010 . The company can be reached via phone at 619 7...
Did SPACs soared before the deal was announced?
Many SPACs soared even before a deal was announced. And many of those stocks needed a pullback. Some needed a huge pullback. Investing requires work and due diligence; when nearly every single member of a group is soaring, it’s almost always unsustainable. But that pullback now looks a lot like the rally.
Is 9x revenue cheap?
But in context, both multiples make some sense. For a growing cloud play, 9x revenue is cheap on a relative basis. Earnings multiples are deflated by wise investments in the business, which lower near-term profits in exchange for long-term gains.
Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development.
Support, Risk & Stop-loss
Apex Technology Acquisition Corp finds support from accumulated volume at $10.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Apex Technology Acquisition Corp stock A Buy?
The Apex Technology Acquisition Corp stock holds several negative signals and despite the positive trend, we believe Apex Technology Acquisition Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Insiders are very positive buying more shares than they are selling in Apex Technology Acquisition Corp
In the last 60 trades there were 75.22 million shares bought and 18.75 thousand shares sold. The last trade was done 169 days ago by Gong Xunkai who bough 25 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
What is AvePoint's core business?
AvePoint’s core business is in helping businesses migrate from existing data storage systems to the cloud. Primarily, AvePoint focuses on data for Microsoft (NASDAQ: MSFT) products such as Microsoft Office and 365.
Is APXT stock a setback?
However, the market has gotten more picky this year, and that’s caused a setback for APXT stock.
Is APXT an AvePoint?
In due time, APXT will become AvePoint and investors will have what’s essentially a pureplay on cloud services for Microsoft products.
Do SPACs pop?
SPACs have a tendency to pop when they change to their new name and ticker symbol so traders may be getting in ahead of that. For another thing, software and tech stocks are performing a little better over the last month. Tech had trailed the rest of the market for much of 2021.
Do SPACs pop when they change their name?
Now, though, we’re drawing closer to when this finally gets done. SPACs have a tendency to pop when they change to their new name and ticker symbol so traders may be getting in ahead of that.
Is Apex back on the $10 SPAC floor?
The majority of them, including Apex, fell back to the $10 SPAC floor. However, summer has been kinder to the SPACs in general, and APXT stock in particular.
Is AvePoint a breakeven company?
The company is also already close to breakeven on an operating income basis, and has shown steady growth in recent years. With Microsoft’s 365 business continuing to prosper, AvePoint should have more steady revenue growth ahead of it.
Apex Technology Acquisition Corporation
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About this SPAC
Apex Technology Acquisition Corp. is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
When will Apex and AvePoint merge?
(APXT) and data management solutions company AvePoint should be completed by the end of June.
How much is AvePoint revenue in 2021?
Because of the strong first-quarter numbers, the company increased its expected 2021 revenue to $194 million.
What is AvePoint a SaaS?
Founded in 2001, the company has grown to serve the largest SaaS (software-as-a-service) userbase in the Microsoft 365 ecosystem. AvePoint solutions are used by more than 7 million in over 100 cloud marketplaces ...
What is the SPAC?
The SPAC was focused on merging with a software and internet technology company. It’s led by Epstein, the former Oracle CFO, and Brad Koenig, formerly at Goldman Sachs. After the merger is complete, the combined company will have a valuation of about $2 billion.
When will AvePoint merge with APXT?
The AvePoint and APXT merger date. Voting on the proposed deal is expected to take place on June 30 at 10:00 a.m. ET. The business combination is expected to close immediately after it's approved by APXT shareholders. AvePoint stock will trade on the Nasdaq under a new ticker symbol “AVPT.”.
How much is AvePoint expected to make in 2021?
AvePoint raised its sales estimate for 2021 to $194 million as a result of the strong quarter. In 2022, the company expects to report revenue of $257 million. As part of its merger with APXT, AvePoint will get about $352 million in cash held by APXT in trust and $140 million in PIPE (private investment in public equity).
What is AvePoint software?
AvePoint is the largest independent software vendor of SaaS (software-as-a-service) solutions for migrating, managing, and protecting data in Microsoft 365. In the first quarter of 2021, the company’s revenue rose 19 percent YoY to $38.8 million.
Is AvePoint a good investment?
AvePoint is a good long-term investment. APXT stock looks like a good buy based on AvePoint's growth outlook and attractive valuation. At almost 31 percent below its peak, the stock gives investors exposure to AvePoint at a bargain. Article continues below advertisement.
Is AvePoint going public?
AvePoint (AVPT) is going public via a SPAC merger with Apex Technology Acquisition (APXT). The deal, which gives AvePoint an implied pro forma equity value of approximately $2.0 billion, is about to close.
