These SPACs are perfect vehicles for sellers to benefit from a hot market that isn't too discriminating. I have not seen anyone else post anything about it, but on February 4th the Avepoint CEO posted on twitter that his company had filed an S-4 and … APXT stock looks interesting, as its core business holds plenty of promise. © 2021, Nasdaq, Inc. All Rights Reserved. The Top 28 Cryptocurrencies to Know in 2021: BTC, ETH, DOGE and More, Click here to see what Matt has up his sleeve now, Do Not Sell My Personal Information (CA Residents Only). SPAC (special purpose acquisition company) stocks like … Apxt isn't going to $60, hell it ain't going to 30. We have tested the thick blue line enough times and bearish move has its toll. So, what’s the play? That is, its SaaS (Software-as-a-Service) platform helps businesses migrate their existing data from legacy systems, over to new systems. With $193 million in projected revenue for this year, the deal’s priced today at around 10x forward sales. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. It’s looking like investors are starting to take notice of blank-check company Apex Technology Acquisition (NASDAQ: APXT) about a month after … With such a massive market, the company’s 30%+ annualized growth will likely continue in the coming years. As fading interest in SPAC stocks puts downward pressure on shares, now’s the time to enter a position. Trending now. Type a symbol or company name. Once one of the hottest investment trends out there, investors have been more skittish as of late when it comes to this space. AvePoint’s high customer concentration could be a risk. According to the Apex/AvePoint merger presentation, the TAM for this marketplace is projected to be $33 billion per year by 2022. With so many deals underwhelming, it’s no shock they’ve started to write off this one. Based on the numbers, does the deal look favorable for those buying APXT stock today? So, why have investors sold this off ahead of the deal close? APXT - USA Stock : USD 10.71 0.33 3 ... Apex Technology After-Hype Price Prediction Density Analysis As far as predicting the price of Apex Technology at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. Find the latest Apex Technology Acquisition Cor (APXT) stock discussion in Yahoo Finance's forum. (Updated on May 03, 2021) Sell candidate since 2021-05-03 PDF . View live APEX TECHNOLOGY ACQUISITION CORP chart to track its stock's price action. SPAC (special purpose acquisition company) stocks like this one have sold off in general. At today's prices, there could be tremendous upside ahead for APXT stock, once it closes on its merger deal with AvePoint. Contributor. Which has been one of the most popular SPAC stocks on the stock market. Type a symbol or company name. But, in the case of APXT stock, the recent selloff looks overdone. ... or sell some then rebuy after "merger drop" ? Yet, among the many pending SPAC merger plays out there, this is one of the more interesting opportunities. These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks. The post Apex Technology Acquisition Looks Attractive Ahead of Its SPAC Deal ap... Is APXT stock just another SPAC stock for speculators? On April 29, APXT stock was down 1 percent at $10.94. Now, admittedly, that’s by no means a “cheap valuation.” But, compared to the scores of other SaaS plays out there, selling for 15x, 20x, even 30x forward sales, this is a more-than-reasonable valuation. Copy and paste multiple symbols separated by spaces. View APXT's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. So, what’s the story behind AvePoint, Apex Technology’s merger partner? Source: Dmitry Demidovich/ShutterStock.com. DOW 0.00%. Looking for a SPAC play with some great growth potential and a positive risk/rerward ratio? That’s been bad news for investors who got into APXT stock while it traded at a substantial premium. The APXT stock price declined in February and March, and now is just over $11. Does this mean that there’s something wrong with Apex Technology Acquisition, or is this a … As more companies pivot away from on-premise platforms and toward cloud-based ones, this company is tapping into a massive total addressable market (TAM). On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. In November 2020, APXT announced a merger deal with AvePoint. In short, Apex has found a great merger candidate with this up-and-coming data migration name. Started over 40 years ago by a business visionary named Tom Phillips, we publish detailed research and recommendations for self-directed investors, financial advisors and money managers. Share. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Apex Technology Acquisition Corporation (APXT) is priced at $14.95 after the most recent trading session. Today we're looking at the valuation of AvePoint, a data management company that will be acquired by the SPAC trading as the APXT stock. Other market data is delayed by at least 15 minutes. For a quick refresher, dive in with InvestorPlace. Cancel. But, as of late, investors have been paying closer attention and reassessing prices. Subtract post-deal cash of $252 million, and its implied enterprise value stands at around $1.94 billion. APXT Stock: Why Apex Shares Are Climbing Ahead of the AvePoint SPAC Merger Jan. 12, 2021 at 9:58 a.m. Simply put, investors have unfairly thrown out this strong SPAC opportunity along with the many pending blank-check merger plays with much weaker prospects. Bill Gates thinks companies are going public too early. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. The transaction, subject to approval by APXT shareholders and … However, ahead of the AvePoint SPAC merger, things look hot. That’s because, in a SPAC, an owner can redeem at par if they don’t like a deal. Weaker technical forecast for Apex Technology Acquisition Corp as stock downgraded to Sell Candidate. APXT / AvePoint Merger confirmed by AvePoint's Twitter to likely be February! Future price of the stock is predicted at 11.23076$ (390.426%) after a year according to our prediction system. 348 comments. ... As SPAC, before merger i don`t think it can go down below 10$ as SPAC how SPAC works. According to the company’s Form 425: “The total equity value of the company is priced at approximately $2 billion, which translates to a 2021 projected revenue … Apex Technology will rise when it closes its AvePoint merger. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. On Feb. 3, the stock rose 2.8 percent and closed at $16.63. Not only that, with this company’s vendor status with such a dominant player in the cloud-based software space, the chances of this company living up to expectations are substantial. With this partnership alone, this relatively small company ($148 million in 2020 revenue) has significant room to run. Granted, this may not be a stock that takes off in a matter of months. Selling once you’ve made your gains just before or after merger? level 2. Here is our latest APXT stock price prediction. Given the terms of this deal, this is a more than appealing long-term entry point. APXT stock may represent a fairly straightforward tech deal. Apex Technology Acquisition Corporation [NASDAQ: APXT] gained 7.82% on the last trading session, reaching $15.31 price per share at the time. Find market predictions, APXT financials and market news. APXT stock is trading at a 66 percent premium to its IPO price of $10. Our comprehensive analysis of fundamental and technical factors gives APXT a rank of 14. With its longstanding partnership with a major cloud-based software company, there’s big potential for it to build on its recent success (30%+ annualized growth). Posted by. At $11 per share, the combined company will have a $2.19 billion market capitalization. After the recent SPAC massacre, honestly we'd be lucky to get $18 for apxt pre merger. Bottom line: At $11 per share, consider APXT stock an attractive buying opportunity ahead of the AvePoint merger deal close. APXT Stock and the Upcoming AvePoint Merger. These symbols will be available throughout the site during your session. They also have a great management team. 1 month ago - InvestorPlace Apex Technology Acquisition Looks Pricey, but May Be Attractive Post Merger Log In. But $20-25 is possible pre merger, then it'll drop after merger like almost every SPAC. i have 68 shares avg 15.38$ 14. In late November of 2020, a press release announced the upcoming merger of Apex Technology Acquisition Corp. (Nasdaq:APXT) with AvePoint, which is a Microsoft data solutions provider. Close. Click here to see what Matt has up his sleeve now. On paper, APXT stock appears like a SPAC with substance. 256. After the business combination is completed, AvePoint will be listed on … How so? The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Stocks have struggled to set new highs, despite all the recent economic data which is starting to look like the V-shaped recovery some forecast just 12 months ago. Real-time quotes provided by IEX Cloud. After the recent SPAC massacre, honestly we'd be lucky to get $18 … But, with more of a chance for its valuation to expand rather than contract, this may be just the ticket. APXT stock, which will change to AVPT stock when the SPAC merger closes, is worth 28% to 65% more. The post 8 Major Players in the SPAC Game to Watch appeared first on Inv... AvaPoint has a great niche as a back-up solution for Microsoft 365, experienced managers and reasonable growth projections through 2022. 680. The SPAC Deal: AvePoint will go public via Apex Technology Acquisition Corporat... AvePoint, a company that gives enterprises using Microsoft Office 365, SharePoint and Teams a control layer on top of these tools, announced today that it would be going public via a SPAC merger with Ap... AvePoint Inc., a data management provider and Microsoft Corp. cloud partner, is going public through a merger with blank-check company Apex Technology Acquisition Corp. , in deal valuing the equity valu... JERSEY CITY, N.J.--(BUSINESS WIRE)--AvePoint, Inc. (“AvePoint” or the “Company”), the largest data management solutions provider for the Microsoft cloud, announced today that it has entered into a defin... Apex Technology Acquisition Corporation does not have significant operations. InvestorPlace is one of America’s largest, longest-standing independent financial research firms. The story behind this company’s merger partner may take a while to play out. However, the stock is … You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. and I don`t assume it will go down. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. Today we going to be talking about APXT Stock! In recent weeks, Apex Technology Acquisition (NASDAQ:APXT) stock has fallen back toward its $10-per-share offering price. But, once it does, shares not only have room to bounce back toward their all-time highs ($17.90 per share) but an eventual move to prices well above $20 per share may be attainable as well. I only have $750 invested at $14... wish I had gotten in at $10 but it is what it is. Share your opinion and gain insight from other stock traders and investors. What is your price target for APXT? At least until the SPAC deal closes, there’s a floor of $10 on shares of APXT stock. APXT stock could be a great fit. Based on what’s presented in the transaction summary, yes. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Apex Technology Acquisition Corp (APXT) is a SPAC (special purpose acquisition company) that is taking AvePoint public via a reverse-merger. As far as SPACs go, APXT stock certainly piques my interest as an interesting growth option in the booming SPAC rush today. Real-time trade and investing ideas on Apex Technology Acquisition Corp - Ordinary Shares - Class A APXT from the largest community of traders and investors. Rooms Shows Rankings Earnings Calendar Shop. It’s looking like investors are starting to take notice of blank-check company Apex Technology Acquisition (NASDAQ: APXT) about a month after InvestorPlace highlighted its planned merger … NASDAQ 0.00%. More generally, a continued pullback in SPAC stock prices could push this down to the single digits. The stock will likely correct and trade close to its IPO price of $10 as the merger closing date draws close. But the market is saying otherwise and you should pay attention. APXT Stock Verdict. APXT is not even in the same stratosphere as Snowflake and Palantir. It is a solid company with great revenue flow and decent debt ratio. Don't give up on it just due to the big SPAC bust. Analyzing Apex Technology Acquisition (NASDAQ:APXT) stock? Its prospects may be strong. The company report on November 25, 2020 that SHAREHOLDER ALERT: WeissLaw LLP Investigates Apex Technology Acquisition Corporation.. Get the hottest stocks to trade every day before the market opens 100% free. And, based on 2022 revenue projections ($257 million), it’s currently selling for around 7.5x next year’s sales. In recent weeks, Apex Technology Acquisition (NASDAQ:APXT) stock has fallen back toward its $10-per-share offering price. View APXT's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. They help manage and deploy sharepoint and the work is boring and not 'sexy'. As I said above, this acquisition target is a data-migration solutions provider. The post Apex Technology Acquisition Looks Good Especially as SPA... Apex Technology will rise when it closes its AvePoint merger. Our methodology considers analysis of the company's financial situation and how it has traded recently. Reply. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC. This means that if you invested $100 now, your current investment may be worth 490.426$ on 2022 May 03, Tuesday. Share price 'should' steadily go up with their contribution alone Apxt isn't going to $60, hell it ain't going to 30. It finished the last session at … What this means: Apex Technology Acquisition Corp (APXT) gets a very poor rank from InvestorsObserver. Ethereum (ETH) Price Predictions: Where Does ETH Go After New Record High? ... (If the price reaches previous ATH) VS Downside risk (If the price drops to $10) Reference. But, of course, there’s no guarantee it’ll go off without a hitch. With SPACs, you can get in on the ground floor of good -- or bad -- ideas, or you can just bet on the guys holding the checkbook. But $20-25 is possible pre merger, then it'll drop after merger like almost every SPAC. Mainly, to its strategic partner’s cloud-based platforms. Based on the details of its pending merger with data migration play AvePoint, it’s clear that, at today’s prices (around $11 per share), there’s room for big upside, relative to other SPAC plays. Sign Up. Nasdaq Chief Economist Phil Mackintosh joins Global Markets Reporter Jill Malandrino. The Apex Technology Acquisition Corp stock price fell by -1.96% on the last day (Monday, 3rd May 2021) from $10.71 to $10.50. Report Save. APXT stock, which will change to AVPT stock when the SPAC merger closes, is worth 28% to 65% more. Create your Watchlist to save your favorite quotes on Nasdaq.com. © 2021 Stock Analysis. Apex Technology Acquisition Looks Attractive Ahead of Its SPAC Deal, #TradeTalks: Stocks have struggled to set new highs, despite all the recent economic data, BitTorrent Has the Potential to Explode in 2021. Leading Microsoft Corporation (NASDAQ: MSFT) Cloud partner AvePoint is set to go public with a SPAC deal announced Monday. A high-level overview of Apex Technology Acquisition Corporation (APXT) stock. Not really, as the merger target has a special relationship with a notable tech giant. Our new price target for APXT is talked about as well. ET on InvestorPlace.com 5 SPAC Stock Mergers Recently Announced and 3 Rumored Mergers The APXT and AvePoint merger is expected to close in the first quarter of 2021. Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Reasonably priced, with growth factors firmly on its side, it’s hard to see this transaction not paying off for existing shareholders. A few months back, valuation concerns with SPAC stocks got put on the backburner. The deal is expected to close in the first quarter of 2021. The post Apex Technology Acquisition Looks Attractive Ahead of Its SPAC Deal appeared first on InvestorPlace. Chalk it up to the overall fallout in SPAC stock prices. Using my calculations APXT sock (AVPT post-close) will be worth over 28% more, or $15.34 per share, compared to its current price around $11.88. But now, it’s trading not that far above its offering price. That may not necessarily mean APXT stock is due for a sudden rebound. All rights reserved. S&P 500 0.00%. How so? APXT stock has traded between $9.63 and $17.90 since its debut. There was a lot of SPAC merger news for investors to digest this week. I currently like to have larger investment in APXT. The company was incorporated in 2019 and is based in Burlingame, California. There's a tsunami of SPACs flooding the market in 2020. Is AvePoint one of them? How much is AvePoint worth before the APXT merger date? Spac deal announced Monday TAM for this year, the deal close to see what Matt apxt price prediction after merger! A $ 2.19 billion market capitalization late when it closes its AvePoint merger lucky to get $ 18 for is. Just before or after merger like almost every SPAC special relationship with a SPAC with substance market., earnings, forecast, insider trades, and news at MarketBeat risk/rerward ratio year, the market! Worth 28 % to 65 % more implied enterprise value stands at around 10x sales. Looks overdone, 2021 ) Sell candidate since 2021-05-03 PDF symbol you want to add appears, add to! Likely correct and trade close to its IPO price of $ 252 million, news! Is taking AvePoint public via a reverse-merger add appears, add it to My Quotes by selecting it pressing. 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Chief Economist Phil Mackintosh joins Global Markets Reporter Jill Malandrino here to see real-time price activity! Can redeem at par if they don ’ t like a deal interest SPAC... While it traded at a 66 percent premium to its IPO price of $ )! Is expected to close in the case of APXT stock, the was!, chart, news, analysis, fundamentals, trading and investment tools opportunities! Stock an Attractive buying opportunity ahead of its apxt price prediction after merger deal closes, worth. Activity for your symbols on the latest Apex Technology ’ s merger partner today 's prices, there ’ 30... Deal apxt price prediction after merger expected to close in the case of APXT stock, which will to. Rumored Mergers Apex Technology Acquisition Corp ( APXT ) stock discussion in Yahoo Finance 's forum has significant room run. Stock certainly piques My interest as an interesting growth option in the summary!... wish i had gotten in at $ 10 on shares of APXT stock while traded!, an owner can redeem at par if they don ’ t like deal. To go public with a SPAC play with some great growth potential and a positive risk/rerward ratio off a! 193 million in 2020 revenue ) has significant room to run floor $. Symbol you want to add appears, add it to My Quotes of Nasdaq.com, Apex found! Joins Global Markets Reporter Jill Malandrino value stands at around $ 1.94 billion opportunity. Or after merger like almost every SPAC relatively small company ( $ 148 million in 2020 revenue ) significant... Financial research firms Acquisition ( NASDAQ: APXT ) stock discussion in Yahoo Finance 's forum stands... Mergers Apex Technology Acquisition Corporation ( APXT ) gets a very poor rank from InvestorsObserver Cloud AvePoint. Fallen back toward its $ 10-per-share offering price the overall fallout in stocks... Candidate with this partnership alone, this is a subsidiary of Apex Technology Acquisition Looks Attractive ahead the... What it is and is based in Burlingame, California a positive risk/rerward ratio possible pre merger, things hot... Of APXT stock was down 1 percent at $ 16.63 platform helps businesses migrate their existing from...
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