AVEPOINT INC (NASDAQ:AVPT) – A Strong Growth Candidate Meeting Minervini’s Criteria

AVEPOINT INC (NASDAQ:AVPT) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company, a digital collaboration innovator specializing in data management, demonstrates strong technical and fundamental characteristics that make it a compelling candidate for growth-focused investors.

Why AVPT Fits the Minervini Trend Template

Minervini’s strategy focuses on stocks exhibiting strong uptrends, supported by key technical criteria. AVPT meets these requirements:

• Price Above Key Moving Averages: The stock trades above its 50-day ($17.13), 150-day ($17.01), and 200-day ($15.73) moving averages, confirming a bullish trend.
• Rising Moving Averages: The 50-day, 150-day, and 200-day moving averages are all trending upward, reinforcing long-term strength.
• Relative Strength: AVPT’s relative strength ranking is 96.13, indicating it outperforms nearly all stocks in the market.
• Price Near 52-Week High: Currently at $18.59, AVPT is within 8% of its 52-week high ($20.25), a sign of sustained momentum.
• Strong Volume: Average daily volume of 1.17 million shares ensures liquidity, a key factor for institutional interest.

High Growth Momentum Fundamentals

Beyond technical strength, AVPT shows promising growth metrics:

• Revenue Growth: Quarterly sales growth stands at 24.86%, with consistent year-over-year expansion.
• Earnings Acceleration: Recent EPS growth of 50% (Q2Q) suggests improving profitability.
• Upward Revisions: Analysts have raised next-year EPS estimates by 11.97% over the past three months.
• Profit Margin Expansion: The latest quarter’s profit margin improved to 3.7%, reflecting better cost efficiency.

Technical Outlook

AVPT’s technical report highlights:

• Strong Uptrend: Both short-term and long-term trends are positive.
• Support Levels: Key support lies at $18.58, with resistance near $19.56-19.99.
• Consolidation Pattern: The stock is forming a base, presenting a potential breakout opportunity.

For a deeper technical breakdown, review the full AVPT technical report.

Our High Growth Momentum + Trend Template screener lists more stocks meeting these criteria.

Disclaimer

This is not investment advice. Always conduct your own research before making financial decisions.