AvePoint (APXT) Stock Gains Momentum: How To Trade Now?

Investors often look into the action in the premarket trading hours in order to get an idea of the market and one of the notable gainers this morning has been the AvePoint Inc (NASDAQ: APXT) stock.

AvePoint (APXT) Stock Gains Momentum: How To Trade Now?

The AvePoint stock has soared by 5% in premarket trading this morning and that might have been triggered by a significant announcement from the company yesterday. The company is the biggest data management service provided to Microsoft365 and yesterday, it announced its preliminary financial results for the first quarter of 2021.

Related:  AGBA Acquisition (AGBAR) Jumps On 5 Million Shares Without News

In the quarter that ended on March 31, 2020, the company revealed that the revenues are going to be in the $38.4 million to $38.8 million range. On the other hand, the subscription revenue for the quarter is projected to be in the $26.7 million to $27 million range. That reflects a year-on-year rise of as much as 49.3% at the middle point.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life