APi Group Corporation (NYSE:APG) finished Friday with a subtraction of -$0.03 to close at $28.02, a downside of -0.11 percent. An average of 904,680 shares of common stock have been traded in the last five days. There was a fall of -$0.10 in the past week, and it reached a new high 48 times over the past 12 months. The last 20 days have seen an average of 668,820 shares traded, while the 50-day average volume stands at 925,100.
APG stock has decreased by -1.13% in the last month. The company shares reached their 1-month lowest point of $27.64 on 07/12/23. With the stock rallying to its 52-week high on 08/03/23, shares of the company touched a low of $13.09 and a high of $29.57 in 52 weeks. It has reached a new high 40 times so far this year and achieved 48.96% or $9.21 in price. In spite of this, the price is down -5.24% from the 52-week high.
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Insider Transactions
APG stock investors should be aware that APi Group Corporation (APG) stock had its last reported insider trading activity 4 days ago on Aug 08. In this transaction, the insider spent $2,287,419. Director, LILLIE JAMES E, disposed of 79,395 shares at a price of $28.13 on Aug 08. The insider now owns more than $2,233,381 worth of shares. Prior to that, Director LILLIE JAMES E went on to Sale 87,272 shares at $28.17 each on Aug 07. An amount of $2,458,452 was transacted.
Valuation Metrics
APi Group Corporation (APG) has a trailing price-to-earnings (P/E) ratio of 94.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.98, the price-to-book (PB) ratio at 2.93, and the price-to-cash flow ratio at 21.11.
Financial Health
The quick ratio of APi Group Corporation for the three months ended June 29 was 1.40, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.23 and a total debt to equity ratio of 1.26 for the quarter ending June 29. APi Group Corporation’s EBITDA margin for the year ending June 29 is 7.56%, while its operating margin for the same period stands at 4.30%. Its gross profit as reported stood at $1.71 billion compared to revenue of $6.56 billion.
Earnings Surprise
For the three-month period that ended June 29, APi Group Corporation had $2.59 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 $48.0 million in the quarter, while revenues were grew 37.5%. The analyst consensus anticipated APi Group Corporation’s latest quarter earnings to come in at $0.4 per share, but it turned out to be $0.41, a 2.50% surprise. For the quarter, EBITDA amounted to $182.0 million. Shareholders own equity worth $235.79 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at APi Group Corporation (APG) price momentum. RSI 9-day as of the close on 11 August was 45.06%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.53%.
As of today, APG’s price is $28.18 -0.36% or -$0.10 from its 5-day moving average. APG is currently trading -0.71% lower than its 20-day SMA and +34.65% higher than its 100-day SMA. However, the stock’s current price level is +23.98% above the SMA50 and +83.14% above the SMA200.
The stochastic %K and %D were 22.21% and 25.15%, respectively, and the average true range (ATR) was 0.60. With the 14-day stochastic at 19.27% and the average true range at 0.59, the RSI (14) stands at 52.58%. The stock has reached -0.29 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.
Analyst Ratings
Robert W. Baird upgraded APi Group Corporation (NYSE: APG) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for APi Group Corporation (APG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell APG, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 5 others rate it as a “buy”.
What is APG’s price target for the next 12 months?
Analysts predict a range of price targets between $28.00 and $37.00, with a median target of $32.00. Taking a look at these predictions, the average price target given by analysts for APi Group Corporation (APG) stock is $32.30.
