The stock of Apple Hospitality REIT Inc. (APLE) has gone down by -6.37% for the week, with a -9.44% drop in the past month and a -7.67% drop in the past quarter. The volatility ratio for the week is 3.19%, and the volatility levels for the past 30 days are 2.59% for APLE. The simple moving average for the last 20 days is -7.57% for APLE stock, with a simple moving average of -4.14% for the last 200 days.
Is It Worth Investing in Apple Hospitality REIT Inc. (NYSE: APLE) Right Now?
Apple Hospitality REIT Inc. (NYSE: APLE) has a price-to-earnings ratio that is above its average at 24.43x. and a 36-month beta value of 1.21. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price predicted for Apple Hospitality REIT Inc. (APLE) by analysts is $19.57, which is $4.13 above the current market price. The public float for APLE is 213.11M, and at present, short sellers hold a 1.51% of that float. On March 15, 2023, the average trading volume of APLE was 1.44M shares.
APLE) stock’s latest price update
Apple Hospitality REIT Inc. (NYSE: APLE)’s stock price has increased by 0.72 compared to its previous closing price of 15.33. However, the company has experienced a -6.37% decline in its stock price over the last five trading sessions.
Analysts’ Opinion of APLE
The stock of Apple Hospitality REIT Inc. (APLE) has gone down by -6.37% for the week, with a -9.44% drop in the past month and a -7.67% drop in the past quarter. The volatility ratio for the week is 3.19%, and the volatility levels for the past 30 days are 2.59% for APLE. The simple moving average for the last 20 days is -7.57% for APLE stock, with a simple moving average of -4.14% for the last 200 days.
Analysts’ Opinion of APLE
Many brokerage firms have already submitted their reports for APLE stocks, with Wells Fargo repeating the rating for APLE by listing it as a “Equal Weight.” The predicted price for APLE in the upcoming period, according to Wells Fargo is $17 based on the research report published on August 29th of the previous year 2022.
Oppenheimer gave a rating of “Outperform” to APLE, setting the target price at $23 in the report published on April 22nd of the previous year.
APLE Trading at -7.99% from the 50-Day Moving Average
After a stumble in the market that brought APLE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.96% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares sank -12.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.66% lower at present.
During the last 5 trading sessions, APLE fell by -6.37%, which changed the moving average for the period of 200-days by -2.59% in comparison to the 20-day moving average, which settled at $16.60. In addition, Apple Hospitality REIT Inc. saw -2.15% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at APLE starting from KNIGHT GLADE M, who purchase 5,000 shares at the price of $16.90 back on Feb 27. After this action, KNIGHT GLADE M now owns 503,093 shares of Apple Hospitality REIT Inc., valued at $84,498 using the latest closing price.
Woolley Howard E., the Director of Apple Hospitality REIT Inc., purchase 936 shares at $16.03 during a trade that took place back on Nov 17, which means that Woolley Howard E. is holding 5,135 shares at $15,000 based on the most recent closing price.
Stock Fundamentals for APLE
Current profitability levels for the company are sitting at:
- +18.64 for the present operating margin
- +22.07 for the gross margin
The net margin for Apple Hospitality REIT Inc. stands at +11.69. Equity return is now at value 4.50, with 3.00 for asset returns.
Conclusion
To sum up, Apple Hospitality REIT Inc. (APLE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
