Apollo Global Management Inc (APO) Shares Plummet Below 1-Year High

The stock price of Apollo Global Management Inc (NYSE: APO) has plunged by -1.70 when compared to previous closing price of 112.47, but the company has seen a -2.52% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-28 that Two new ETDS achieved perfect CDx3 Compliance Scores. Athene priced an offering of $500 million of new 7.25% fixed-rate reset junior subordinated debentures.

Is It Worth Investing in Apollo Global Management Inc (NYSE: APO) Right Now?

Apollo Global Management Inc (NYSE: APO) has a price-to-earnings ratio of 13.18x that is above its average ratio. Additionally, the 36-month beta value for APO is 1.62. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 6 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”

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The public float for APO is 398.46M and currently, short sellers hold a 3.96% ratio of that float. The average trading volume of APO on April 03, 2024 was 2.44M shares.

APO’s Market Performance

The stock of Apollo Global Management Inc (APO) has seen a -2.52% decrease in the past week, with a -0.41% drop in the past month, and a 18.64% gain in the past quarter. The volatility ratio for the week is 1.99%, and the volatility levels for the past 30 days are at 2.11% for APO. The simple moving average for the last 20 days is -0.62% for APO stock, with a simple moving average of 20.73% for the last 200 days.

Analysts’ Opinion of APO

Many brokerage firms have already submitted their reports for APO stocks, with JP Morgan repeating the rating for APO by listing it as a “Overweight.” The predicted price for APO in the upcoming period, according to JP Morgan is $122 based on the research report published on February 28, 2024 of the current year 2024.

TD Cowen, on the other hand, stated in their research note that they expect to see APO reach a price target of $115. The rating they have provided for APO stocks is “Outperform” according to the report published on January 04th, 2024.

BMO Capital Markets gave a rating of “Outperform” to APO, setting the target price at $108 in the report published on December 06th of the previous year.

APO Trading at 2.20% from the 50-Day Moving Average

After a stumble in the market that brought APO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.14% of loss for the given period.

Volatility was left at 2.11%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares sank -0.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.74% upper at present.

During the last 5 trading sessions, APO fell by -2.52%, which changed the moving average for the period of 200-days by +45.19% in comparison to the 20-day moving average, which settled at $111.21. In addition, Apollo Global Management Inc saw 18.64% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at APO starting from BLACK LEON D, who sale 450,000 shares at the price of $110.71 back on Mar 19 ’24. After this action, BLACK LEON D now owns 42,604,773 shares of Apollo Global Management Inc, valued at $49,817,790 using the latest closing price.

KLEINMAN SCOTT, the Co-President () of Apollo Global Management Inc, sale 175,345 shares at $110.55 during a trade that took place back on Mar 01 ’24, which means that KLEINMAN SCOTT is holding 4,692,393 shares at $19,384,143 based on the most recent closing price.

Stock Fundamentals for APO

Current profitability levels for the company are sitting at:

  • 0.56 for the present operating margin
  • 0.95 for the gross margin

The net margin for Apollo Global Management Inc stands at 0.15. The total capital return value is set at 0.17. Equity return is now at value 69.41, with 1.75 for asset returns.

Based on Apollo Global Management Inc (APO), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.69. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 80.7.

Currently, EBITDA for the company is 9.12 billion with net debt to EBITDA at -2.23. When we switch over and look at the enterprise to sales, we see a ratio of 1.86. The receivables turnover for the company is 3.27for trailing twelve months and the total asset turnover is 0.09.

Conclusion

In conclusion, Apollo Global Management Inc (APO) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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