How have the shares performed?
Apex Technology Acquisition Corporation (APXT) saw downtrend of -1.08% in the recent trading with $11.02 being its most recent. The current price level -38.44% lower than the highest price of $17.90 marked by the stock while trading over the past 52-weeks, whereas it is 12.91% higher than the lowest price of $9.76 the company dropped to over past 52-weeks. The latest news story on APXT appeared in PR Newswire under the title “AvePoint Impact of COVID-19 on Workplace Collaboration Survey Reveals 75% of Companies Deployed Microsoft Teams Without Proper Governance or Security” on Jun-08-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -3.59% below one month high and is +11.76% above of the lowest during that time. Looking into the simple moving average, Apex Technology Acquisition Corporation (APXT)’s stock stands at a SMA-50 of $10.72 while that of 5-day is reading $10.88.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and APXT’s SMA-200 as of now is $12.07.
Apex Technology Acquisition Corporation Earnings – What Happened With APXT
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
APXT – Apex Technology Acquisition Corporation Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 44.56 million. APXT does have institutional investors; and they hold 8.30% of the stock.
Apex Technology Acquisition Corporation – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, APXT declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Mar 30, 2021, Susquehanna International Group, LLP was the top most holder in Apex Technology Acquisition Corporation (NASDAQ:APXT) with an ownership of 0.83 million shares of the company or 2.33% of the stake worth $9.25 million. The filing also reveals Brant Point Investment Management, LLC as the second largest holder in the company with a control over 1.54% of the outstanding shares. Its stake is worth $6.12 million for having 0.55 million shares in hand.
Jane Street Group, LLC also came holding a key position in the company during the recent quarter and it now holds 0.51% of the outstanding shares. With this there are now 43 institutions which have possession in APXT’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Apex Technology Acquisition Corporation was 0.17 while posting a debt to equity ratio of 0.00.
Apex Technology Acquisition Corporation’s return on equity, or ROE, is -10.90%, compared to the industry average of -1.03% for Financial – Shell Companies. Although this indicates that APXT fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Apex Technology Acquisition Corporation (NASDAQ:APXT) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Apex Technology Acquisition Corporation (APXT), we notice that the stock’s 20-day average volume is at 706,055 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 741,690 shares. And to end, APXT’s 100-day average volume is 1,279,724 shares with 50% of the long-term indicators pointing towards Sell for the stock.