Apollo Global Management Inc (NYSE: APO)’s stock price has surge by 0.69relation to previous closing price of 123.99. Nevertheless, the company has seen a 0.68% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-07-23 that NEW YORK, July 23, 2024 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Avantor Inc. (NYSE:AVTR) will replace QuidelOrtho Corp. (NASD:QDEL) in the S&P MidCap 400, and QuidelOrtho will replace Hibbett Inc. (NASD:HIBB) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, July 26. JD Sports Fashion Plc (XLON: JD) is acquiring Hibbett in a deal expected to close soon pending final closing conditions.
Is It Worth Investing in Apollo Global Management Inc (NYSE: APO) Right Now?
The price-to-earnings ratio for Apollo Global Management Inc (NYSE: APO) is above average at 13.93x, Company’s 36-month beta value is 1.59.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 6 as “overweight,” 4 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for APO is 405.32M, and currently, short sellers hold a 5.05% ratio of that floaft. The average trading volume of APO on July 24, 2024 was 2.39M shares.
APO’s Market Performance
APO’s stock has seen a 0.68% increase for the week, with a 5.99% rise in the past month and a 12.88% gain in the past quarter. The volatility ratio for the week is 2.14%, and the volatility levels for the past 30 days are at 1.94% for Apollo Global Management Inc The simple moving average for the last 20 days is 4.29% for APO stock, with a simple moving average of 20.18% 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 6.89% 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 able to rebound, for now settling with 0.44% of gains for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 2.14%, as shares surge +5.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.28% upper at present.
During the last 5 trading sessions, APO rose by +0.68%, which changed the moving average for the period of 200-days by +41.91% in comparison to the 20-day moving average, which settled at $120.04. In addition, Apollo Global Management Inc saw 33.96% 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 Kelly Martin, who sale 30,000 shares at the price of $111.29 back on May 08 ’24. After this action, Kelly Martin now owns 359,445 shares of Apollo Global Management Inc, valued at $3,338,687 using the latest closing price.
BLACK LEON D, the of Apollo Global Management Inc, sale 450,000 shares at $110.71 during a trade that took place back on Mar 19 ’24, which means that BLACK LEON D is holding 42,604,773 shares at $49,817,790 based on the most recent closing price.
Stock Fundamentals for APO
Current profitability levels for the company are sitting at:
- 0.52 for the present operating margin
- 0.92 for the gross margin
The net margin for Apollo Global Management Inc stands at 0.16. The total capital return value is set at 0.18. Equity return is now at value 47.40, with 1.79 for asset returns.
Based on Apollo Global Management Inc (APO), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is 74.95.
Currently, EBITDA for the company is 9.12 billion with net debt to EBITDA at -1.59. When we switch over and look at the enterprise to sales, we see a ratio of 1.77. The receivables turnover for the company is 6.13for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In a nutshell, Apollo Global Management Inc (APO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
