Apartment Investment and Management Company (NYSE:AIV) finished Friday with a subtraction of -$0.05 to close at $8.28, a downside of -0.60 percent. An average of 925,240 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,141,485 shares traded, while the 50-day average volume stands at 1,163,282.
AIV stock has decreased by -4.39% in the last month. The company shares reached their 1-month lowest point of $8.01 on 08/03/23. With the stock rallying to its 52-week high on 07/24/23, shares of the company touched a low of $6.47 and a high of $9.77 in 52 weeks. It has reached a new high 17 times so far this year and achieved 16.29% or $1.16 in price. In spite of this, the price is down -15.24% from the 52-week high.
Valuation Metrics
Apartment Investment and Management Company (AIV) has a trailing price-to-earnings (P/E) ratio of 23.26. The stock’s beta is 1.19. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.58, the price-to-book (PB) ratio at 2.27.
Financial Health
Further, the company has a long term debt to equity ratio of 2.26 and a total debt to equity ratio of 2.26 for the quarter ending March 30. Its gross profit as reported stood at -$80.09 million compared to revenue of $190.34 million.
Earnings Surprise
For the three-month period that ended March 30, Apartment Investment and Management Company had $1.07 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.6 million in the quarter, while revenues of -$8.82 million were grew 6742.78%. The analyst consensus anticipated Apartment Investment and Management Company’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be $0.14, a 300.00% surprise. For the quarter, EBITDA amounted to $19.31 million. At the end of the quarter ending March 30, Apartment Investment and Management Company’s stock balance sheet showed total debt was $1.18 billion. Shareholders own equity worth $147.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Apartment Investment and Management Company (AIV) price momentum. RSI 9-day as of the close on 11 August was 42.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.76%.
As of today, AIV’s price is $8.27 +0.98% or $0.08 from its 5-day moving average. AIV is currently trading -5.37% lower than its 20-day SMA and +15.32% higher than its 100-day SMA. However, the stock’s current price level is +2.10% above the SMA50 and +9.52% above the SMA200.
The stochastic %K and %D were 28.70% and 27.71%, respectively, and the average true range (ATR) was 0.19. With the 14-day stochastic at 29.89% and the average true range at 0.19, the RSI (14) stands at 44.10%. The stock has reached 0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.08.
Analyst Ratings
Wolfe Research launched coverage on Apartment Investment and Management Company (NYSE: AIV) in its analyst report released on July 31, 2023. The firm assigned the stock a Peer perform rating. The consensus rating for Apartment Investment and Management Company (AIV) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AIV, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is AIV’s price target for the next 12 months?
Analysts predict a range of price targets between $4.09 and $4.09, with a median target of $4.09. Taking a look at these predictions, the average price target given by analysts for Apartment Investment and Management Company (AIV) stock is $4.09.
