Apollo Global Management Inc (NYSE: APO)’s stock price has increased by 1.07 compared to its previous closing price of 122.06. However, the company has seen a -1.19% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-07-29 that Evaluate the expected performance of Apollo Global Management (APO) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Is It Worth Investing in Apollo Global Management Inc (NYSE: APO) Right Now?
Apollo Global Management Inc (NYSE: APO) has a higher price-to-earnings ratio of 13.77x compared to its average ratio. APO has 36-month beta value of 1.59. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 6 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for APO is 405.32M, and currently, short sellers hold a 4.72% ratio of that float. The average trading volume of APO on July 30, 2024 was 2.42M shares.
APO’s Market Performance
APO stock saw an increase of -1.19% in the past week, with a monthly gain of 4.48% and a quarterly increase of 11.23%. The volatility ratio for the week is 2.52%, and the volatility levels for the last 30 days are 2.15% for Apollo Global Management Inc (APO). The simple moving average for the last 20 days is 2.13% for APO stock, with a simple moving average of 17.81% 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 4.69% 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 -1.56% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares surge +4.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.82% upper at present.
During the last 5 trading sessions, APO fell by -0.83%, which changed the moving average for the period of 200-days by +38.65% in comparison to the 20-day moving average, which settled at $121.04. In addition, Apollo Global Management Inc saw 32.37% 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 1.74. The receivables turnover for the company is 6.13for trailing twelve months and the total asset turnover is 0.1.
Conclusion
To put it simply, Apollo Global Management Inc (APO) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
