The stock of Apple Hospitality REIT Inc (NYSE: APLE) has decreased by -0.21 when compared to last closing price of 14.28.Despite this, the company has seen a loss of -0.14% in its stock price over the last five trading days. investorplace.com reported 2024-07-03 that Low-priced stocks with upside are increasingly hard to find as top-performing mega-caps edge ever closer to overvaluation. As seen with Nvidia (NASDAQ: NVDA ) recently, even moderate underperformance can be devastating when much of the wider market hinges on continued momentum.
Is It Worth Investing in Apple Hospitality REIT Inc (NYSE: APLE) Right Now?
Apple Hospitality REIT Inc (NYSE: APLE) has a higher price-to-earnings ratio of 16.69x compared to its average ratio, The 36-month beta value for APLE is at 1.12. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for APLE is 226.19M, and currently, shorts hold a 4.27% of that float. The average trading volume for APLE on July 04, 2024 was 2.16M shares.
APLE’s Market Performance
The stock of Apple Hospitality REIT Inc (APLE) has seen a -0.14% decrease in the past week, with a -2.40% drop in the past month, and a -11.22% fall in the past quarter. The volatility ratio for the week is 1.49%, and the volatility levels for the past 30 days are at 1.63% for APLE. The simple moving average for the past 20 days is -1.27% for APLE’s stock, with a -9.72% simple moving average for the past 200 days.
Analysts’ Opinion of APLE
Many brokerage firms have already submitted their reports for APLE stocks, with Wedbush repeating the rating for APLE by listing it as a “Neutral.” The predicted price for APLE in the upcoming period, according to Wedbush is $15 based on the research report published on June 03, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see APLE reach a price target of $18, previously predicting the price at $19. The rating they have provided for APLE stocks is “Neutral” according to the report published on January 08th, 2024.
Wells Fargo gave a rating of “Equal Weight” to APLE, setting the target price at $17 in the report published on December 08th of the previous year.
APLE Trading at -2.56% 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 -20.16% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares sank -1.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.85% lower at present.
During the last 5 trading sessions, APLE fell by -0.42%, which changed the moving average for the period of 200-days by -12.23% in comparison to the 20-day moving average, which settled at $14.42. In addition, Apple Hospitality REIT Inc saw -14.21% 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 $14.78 back on May 21 ’24. After this action, KNIGHT GLADE M now owns 631,990 shares of Apple Hospitality REIT Inc, valued at $73,900 using the latest closing price.
Bunting Glenn W Jr, the Director of Apple Hospitality REIT Inc, purchase 549 shares at $14.58 during a trade that took place back on May 17 ’24, which means that Bunting Glenn W Jr is holding 10,549 shares at $8,004 based on the most recent closing price.
Stock Fundamentals for APLE
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.29 for the gross margin
The net margin for Apple Hospitality REIT Inc stands at 0.15. The total capital return value is set at 0.05. Equity return is now at value 6.12, with 4.06 for asset returns.
Based on Apple Hospitality REIT Inc (APLE), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is 3.34.
Currently, EBITDA for the company is 436.37 million with net debt to EBITDA at 3.57. When we switch over and look at the enterprise to sales, we see a ratio of 3.69. The receivables turnover for the company is 21.46for trailing twelve months and the total asset turnover is 0.27.
Conclusion
In conclusion, Apple Hospitality REIT Inc (APLE) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
