APi Group Corporation (NYSE: APG)’s stock price has increased by 0.35 compared to its previous closing price of 34.60. However, the company has seen a 2.72% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-13 that PHILADELPHIA, Sept. 13, 2024 (GLOBE NEWSWIRE) — Doral Renewables LLC (”Doral Renewables” or “the Company”), a leading U.S. developer, owner, and operator of renewable energy and storage projects, announced today the closing of a $400 million minority equity investment by Dutch pension APG on behalf of the largest Dutch pension fund ABP. The investment by and partnership with APG will accelerate the development and construction of Doral Renewables’ energy pipeline. As part of the transaction, APG will also provide its pro rata share of corporate credit support and funding for the Company’s business up to an additional $185 million of capital over time.
Is It Worth Investing in APi Group Corporation (NYSE: APG) Right Now?
The 36-month beta value for APG is at 1.83. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for APG is 150.73M, and currently, shorts hold a 2.85% of that float. The average trading volume for APG on September 19, 2024 was 1.84M shares.
APG’s Market Performance
The stock of APi Group Corporation (APG) has seen a 2.72% increase in the past week, with a 0.06% rise in the past month, and a -10.01% fall in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 2.25% for APG. The simple moving average for the past 20 days is 0.97% for APG’s stock, with a -2.60% simple moving average for the past 200 days.
Analysts’ Opinion of APG
Many brokerage firms have already submitted their reports for APG stocks, with Jefferies repeating the rating for APG by listing it as a “Buy.” The predicted price for APG in the upcoming period, according to Jefferies is $48 based on the research report published on March 15, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see APG reach a price target of $40. The rating they have provided for APG stocks is “Buy” according to the report published on January 25th, 2024.
Robert W. Baird gave a rating of “Outperform” to APG, setting the target price at $29 in the report published on May 17th of the previous year.
APG Trading at -1.46% from the 50-Day Moving Average
After a stumble in the market that brought APG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.16% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares surge +0.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.82% lower at present.
During the last 5 trading sessions, APG rose by +2.72%, which changed the moving average for the period of 200-days by +14.40% in comparison to the 20-day moving average, which settled at $34.39. In addition, APi Group Corporation saw 0.35% 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 APG starting from Lambert Louis, who sale 5,679 shares at the price of $36.04 back on Aug 26 ’24. After this action, Lambert Louis now owns 2,421 shares of APi Group Corporation, valued at $204,671 using the latest closing price.
Lambert Louis, the Officer of APi Group Corporation, proposed sale 5,679 shares at $36.04 during a trade that took place back on Aug 26 ’24, which means that Lambert Louis is holding shares at $204,665 based on the most recent closing price.
Stock Fundamentals for APG
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.28 for the gross margin
The net margin for APi Group Corporation stands at 0.03. The total capital return value is set at 0.07. Equity return is now at value 6.57, with 2.42 for asset returns.
Based on APi Group Corporation (APG), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.03. The interest coverage ratio of the stock is 2.96.
Currently, EBITDA for the company is 662.0 million with net debt to EBITDA at 3.91. When we switch over and look at the enterprise to sales, we see a ratio of 1.81. The receivables turnover for the company is 3.77for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
In conclusion, APi Group Corporation (APG) has had a better performance lately. Opinion on the stock among analysts is bullish, 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.
