A New US Tech Stock Just Landed on SGX, Is AvePoint Ready for a Rebound?

Executive Summary

A new US technology name has quietly appeared on the Singapore Exchange, giving local investors access to a fast-growing cloud software company through its SGX dual listing. AvePoint (SGX: AVP) a global provider of data management, governance and security solutions for cloud environments, has benefited from the rapid growth of digital collaboration and enterprise cloud adoption.

Despite strong business momentum and solid growth forecasts from management, the stock has undergone a sharp correction in recent months, falling from highs near US$20 to around the US$10 region. This decline has brought its valuation closer to peers within the SaaS and cybersecurity space, raising the question of whether the market may be nearing a point where long-term investors and traders begin to take interest again.

Avepoint Inc (AVPT.NQ); Avepoint Inc Class A (AVP.SI)

AvePoint Inc (AVPT.NQ) is a global enterprise software company focused on helping organizations manage, secure, and govern their data in an increasingly complex digital environment. Its core offering, the AvePoint Confidence Platform, provides solutions that protect data, ensure regulatory compliance, and improve operational resilience across cloud ecosystems. The platform is designed to help companies manage data across multiple systems while enabling collaboration on modern SaaS platforms.

AvePoint currently serves more than 28,500 customers worldwide, including enterprises, government agencies, and highly regulated industries. In 2025, the company generated approximately US$419 million in revenue and US$417 million in annual recurring revenue, supported by strong growth in its SaaS business and a steadily expanding global customer base.

Looking ahead, management expects continued expansion as demand for cloud data protection, governance, and AI-ready data infrastructure continues to grow.

As more organizations adopt AI tools and cloud collaboration platforms, the need to manage and secure large volumes of data is becoming increasingly critical, a trend that AvePoint believes will drive long-term demand for its solutions.

FY2025 revenue grew 38% year‑on‑year, with Annual Recurring Revenue (ARR) rising 27% to $416.8m.

2026 ARR is expected to reach $517M–$525M (~27% growth) and a long‑term target of $1B ARR by 2029, implying a 24% CAGR from the current $416.8M.

AvePoint delivered full‑year profitability in 2025 and has generated positive free cash flow for several years.

At the moment, AVPT trades at a forward P/E of roughly 45–50x, reflecting expectations for continued revenue growth and expanding profitability. While this may appear high compared to traditional industries, it is relatively common among high-growth SaaS companies where investors are willing to pay a premium for recurring revenue models and strong growth prospects.

While AvePoint’s valuation sits in the middle of the SaaS peer group, the market has clearly gone through a period of repricing in recent months. High-growth software stocks across the sector have corrected as investors reassessed interest rate expectations and earnings visibility. This pullback has pushed AVPT from its highs near US$20 into a much lower trading range, bringing the valuation closer to levels that long-term investors may find more reasonable. When fundamentals remain intact but price action weakens, it often creates situations where traders begin to look for technical stabilization before positioning for the next move.

The Technical Perspective

From a technical perspective, AvePoint has been in a clear corrective phase over the past several months after peaking near the US$20.00 (S$25.40) region in mid-2025. Since then, the chart has formed a series of lower highs and lower lows, with several 1GT bearish signals appearing during the decline, confirming that the short-term trend alongside the longer-term trend had turned negative.

The short-term 20-day moving average (green line) is currently still trending below the longer-term averages, indicating that momentum has yet to fully recover. Meanwhile, the 100-day moving average (red line) and the 200-day moving average (blue line) remain above the current price, reinforcing that the broader trend is still in a corrective structure for now.

However, the recent price action suggests that the stock may be attempting to form a base around the US$10.00 (S$12.70) region, which has acted as a strong support zone. Prices have tested this area multiple times, with buyers stepping in each time to prevent a deeper breakdown. This level therefore becomes a critical line in the sand for traders watching the stock.

On the upside, the first key resistance level sits around US$11.50 (S$14.61), which represents the most recent swing high. A successful break above this level would signal that short-term momentum may be turning positive again. Beyond that, the next major resistance comes in near US$13.00 (S$16.51), where previous support had broken earlier in the downtrend.

If the stock can reclaim these levels and trigger a new 1GT bullish signal, it would indicate that the short-term trend is turning upward again, potentially opening the door for a recovery move toward the US$13.00 (S$16.51) region and beyond. For now, traders may prefer to watch closely for confirmation of strength rather than attempting to anticipate the reversal too early.

In summary, while AvePoint remains in a broader corrective trend, the US$10.00 (S$12.70) support zone is currently acting as an important base, and a confirmed breakout above US$11.50 (S$14.61) could be the first sign that the next upward trend is beginning to form, where potentially investors could accumulate positions, while awaiting a further reversal of the longer term trend.

About the Dual Listing

AvePoint Inc. is primarily listed on the NASDAQ under the ticker AVPT, but it is also available to Singapore investors through its secondary listing on the Singapore Exchange (SGX) under the Ticker Code AVP. This dual listing allows investors in Singapore to gain exposure to the company while trading in Singapore dollars and within local market hours, without needing direct access to U.S. markets.

The SGX-listed shares represent the same underlying equity as the NASDAQ listing, meaning the prices generally move in tandem after adjusting for the prevailing USD/SGD exchange rate (Approximately 1.27SGD/USD). For investors who prefer to trade through SGX accounts, this provides a convenient way to participate in the growth of a U.S.-listed technology company while maintaining accessibility within the local market.

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Sources:
1.Vertiv Investor Relations – Fourth Quarter & Full-Year Results. Available at: http://investors.vertiv.com/news/news-details/2026/Vertiv-Reports-Strong-Fourth-Quarter-with-Organic-Orders-Growth-of-252-and-Diluted-EPS-Growth-of-200-Adjusted-Diluted-EPS-37/
2. Why Vertiv Is Outpacing Every Competitor. Available at: https://www.forbes.com/sites/greatspeculations/2026/03/11/why-vertiv-is-outpacing-every-competitor/

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