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