why is apxt stock down

by Dr. Amari Bradtke Published 3 years ago Updated 2 years ago

Apex Technology Acquisition (NASDAQ:APXT) is suffering due to the wider SPAC sell-off. APXT stock is down almost 20% in the last three months, with shares trading only marginally above the $10 SPAC offering price. For me, the price movement is not surprising.Jun 10, 2021

Should you buy apxt stock?

Aug 10, 2021 · Evaluation of Apex Technology Acquisition Corp stock downgraded after the last trading session. 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 Apex Technology Acquisition Corp stock?

Jun 10, 2021 · InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Apex Technology Acquisition (NASDAQ: APXT) is suffering due to the wider SPAC sell-off. APXT stock is down almost 20% in the last ...

How much has the stock price fluctuate in the last 10 days?

Apr 21, 2021 · Big Data Could Pose Big Problems For APXT Stock According to industry experts, the global data migration market could “ reach $10.98 billion by 2025 .” That translates to a possible compound annual...

Is the stock in the middle of a rising trend?

May 03, 2022 · APXT Apex Technology Acquisition Corp — Stock Price and Discussion | Stocktwits. Apex Technology Acquisition Corp NASDAQ Updated May 6, 2022 7:59 PM. APXT 4.68 0.08 (1.68%) 82. Key Data. 52wk Low 4.58. 52wk High 12.55. Mkt Cap 856.40m.

Is APXT a good stock to buy?

The Bottom Line on APXT Stock

Since AvePoint is never going to generate huge growth and doesn't have a transformative product or service , APXT stock is not a great name for growth investors. And the company's low margins and lack of profitability limit the attractiveness of the shares for conservative investors.Jun 18, 2021

Is AVPT stock a buy?

Out of 5 analysts, 1 (20%) are recommending AVPT as a Strong Buy, 2 (40%) are recommending AVPT as a Buy, 2 (40%) are recommending AVPT as a Hold, 0 (0%) are recommending AVPT as a Sell, and 0 (0%) are recommending AVPT as a Strong Sell. What is AVPT's earnings growth forecast for 2022-2023?

Who is APXT merging with?

One such SPAC that investors should consider is Apex Technology Acquisition (NASDAQ:APXT) which is set to merge with AvePoint. APXT stock is now trading at close to the SPAC floor of $10 per share. APXT stock fell 41% from its all-time high.May 13, 2021

What is APXT stock?

Apex Technology Acquisition Corp.

(“Apex” or “the Company”) ( NASDAQ: APXT), a publicly traded special purpose acquisition company, encourages every stockholder to vote their shares in favor of... Apex Technology Acquisition Corp. (NASDAQ: APXT, “Apex”), a publicly-traded special purpose acquisition company, and AvePoint, Inc.

Should I invest in AvePoint?

AvePoint has a strong potential for growth since the total addressable market for the company's solutions is estimated to be $40 billion to $50 billion. This is a large market, which AvePoint can capitalize on for sustainable ongoing revenue growth. The company had about $184 million in revenue over the past 12 months.Jan 3, 2022

Is AvePoint a good stock to buy?

AvePoint has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Did APXT merge with AvePoint?

(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 Total. BURLINGAME, Calif. & JERSEY CITY, N.J., June 22, 2021 — Apex Technology Acquisition Corp.

Is AvePoint publicly traded?

AvePoint, a Microsoft 365 data management solutions provider, has gone public after the closing of its merger with Apex Technology Acquisition Corporation, a blank check company.Jul 2, 2021

How do I buy stock Avepoints?

How to buy shares in Avepoint

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What is APXT target price?

Based on analyst ratings, Aptinyx's 12-month average price target is $4.60.

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.Apr 1, 2022

What does Apex Technology Acquisition Corp do?

("Apex" or "the Company") (NASDAQ: APXT), a publicly traded special purpose acquisition company, encourages every stockholder to vote their shares in favor of the of the company's proposed business combination with AvePoint, Inc.Jun 22, 2021

Big Data Could Pose Big Problems For APXT Stock

According to industry experts, the global data migration market could “ reach $10.98 billion by 2025 .” That translates to a possible compound annual growth rate (CAGR) of 18.37% between 2020 and 2025. You combine that with the Microsoft partnership, and you can understand the early enthusiasm for APXT stock.

Did Crypto Spank the SPACs?

As I mentioned in another InvestorPlace article, we live in a paradigm of limited resources. Therefore, if more money is directed to one sector in the economy, the other sectors necessarily receive less money. This is basic logic, as I’m sure you’ll agree.

The Case for AvePoint

The initial optimism toward the tie-up between Apex and AvePoint made some sense.

The Pullback in APXT Stock

In this context, the decline in APXT stock doesn’t make any sense at all. But in another, there might be a bit of logic.

Meet Luke Lango

With his next-generation approach to investing, Luke Lango finds better stocks for you to invest in — not the same old companies over-hyped on Wall Street.

Is APXT SPAC a good stock to buy?

APXT SPAC stock could be a good buying opportunity based on its strong long-term growth potential and valuations. The market correction has brought the valuations of top SPACs more in line with their future growth outlook. AvePoint thinks that it has a total addressable market opportunity of $33 billion by 2022. The company is expected to increase its user base as more people worked from home amid the coronavirus pandemic. However, APXT SPAC stock is a speculative play until its merger with AvePoint closes.

How much cash does AvePoint have?

AvePoint is expected to have around $252 million in cash on its balance sheet when the deal closes. Existing AvePoint shareholders are set to own about 72 percent of the combined company when the deal closes.

What is AvePoint 365?

As its website notes, the company is the largest Microsoft (NASDAQ: MSFT) 365 data management solutions provider. By migrating, managing and protecting data to “secure Microsoft cloud and SharePoint collaboration,” AvePoint greatly reduces the friction involved in the digital ecosystem.

Who is Josh Enomoto?

The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies.

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