Apollo Global Management Inc (NYSE: APO) has seen a rise in its stock price by 1.24 in relation to its previous close of 111.89. However, the company has experienced a 3.12% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-23 that Yields are declining as Fed Reserve prepares for rate cut. We discuss six investment-grade bonds and preferreds offering ~6% yields. Act fast to secure CD-beating yield; quality investments are key.
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 12.16x, which is above its average ratio. Moreover, the 36-month beta value for APO is 1.61. Analysts have varying opinions 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 401.07M and currently, short sellers hold a 5.14% of that float. On August 27, 2024, APO’s average trading volume was 2.86M shares.
APO’s Market Performance
APO stock saw a decrease of 3.12% in the past week, with a monthly decline of -7.19% and a quarterly a decrease of -2.01%. The volatility ratio for the week is 2.03%, and the volatility levels for the last 30 days are 3.07% for Apollo Global Management Inc (APO). The simple moving average for the last 20 days is 3.97% for APO stock, with a simple moving average of 5.67% for the last 200 days.
Analysts’ Opinion of APO
BofA Securities, on the other hand, stated in their research note that they expect to see APO reach a price target of $123. The rating they have provided for APO stocks is “Buy” according to the report published on August 06th, 2024.
JP Morgan gave a rating of “Overweight” to APO, setting the target price at $122 in the report published on February 28th of the current year.
APO Trading at -1.86% 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 -10.42% of loss for the given period.
Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -7.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.05% lower at present.
During the last 5 trading sessions, APO rose by +3.32%, which changed the moving average for the period of 200-days by +33.89% in comparison to the 20-day moving average, which settled at $108.50. In addition, Apollo Global Management Inc saw 21.56% 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 Zelter James C, who sale 83,866 shares at the price of $110.14 back on Aug 23 ’24. After this action, Zelter James C now owns 781,722 shares of Apollo Global Management Inc, valued at $9,236,763 using the latest closing price.
Zelter James C, the Co-President of Apollo Global Management Inc, sale 16,134 shares at $110.16 during a trade that took place back on Aug 23 ’24, which means that Zelter James C is holding 5,706,477 shares at $1,777,248 based on the most recent closing price.
Stock Fundamentals for APO
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.82 for the gross margin
The net margin for Apollo Global Management Inc stands at 0.21. The total capital return value is set at 0.02. Equity return is now at value 48.19, with 1.80 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 0.26. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 29.25.
Currently, EBITDA for the company is 9.12 billion with net debt to EBITDA at -1.21. When we switch over and look at the enterprise to sales, we see a ratio of 2.09. The receivables turnover for the company is 4.03for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To wrap up, the performance of Apollo Global Management Inc (APO) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
