As of Friday close, APi Group Corporation’s (NYSE:APG) stock was up $0.28, moving up 1.01 percent to $27.93. The average number of shares traded per day over the past five days has been 982,960 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.09 fall in that time frame. In the last twenty days, the average volume was 773,705, while in the previous 50 days, it was 907,228.
Since last month, APG stock retreated -1.90%. Shares of the company fell to $27.32 on 08/18/23, the lowest level in the past month. A 52-week high of $29.57 was reached on 08/03/23 after having rallying from a 52-week low of $13.09. Since the beginning of this year, APG’s stock price has risen by 48.48% or $9.12, and marked a new high 40 times. However, the stock has declined by -5.55% since its 52-week high.
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APG stock investors should be aware that APi Group Corporation (APG) stock had its last reported insider trading activity 5 days ago on Aug 14. FD Juno Holdings L.P., the of the company, disposed of 2,598,609 shares for $27.80 on Aug 14. It resulted in a $72,241,330 divestment by the insider. Juno Lower Holdings L.P. sold 2,598,609 shares at an average price of $27.80 on Aug 14. The insider now owns 0 shares following the transaction. On Aug 08, Director ASHKEN IAN G H sold 81,316 shares at $28.13 apiece. The transaction was valued at $2,287,419.
Valuation Metrics
Right now, APi Group Corporation (APG) has a P/E ratio of about 93.72. Besides these, the trailing price-to-sales (P/S) ratio of 0.97, the price-to-book (PB) ratio of 2.92, and the price-to-cash flow ratio of 20.86 may also be considered.
Financial Health
In the recent quarter, APi Group Corporation’s quick ratio stood at 1.40, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.23, and the total debt-to-equity ratio was 1.26. On the profitability front, the trailing twelve-month gross margin is 26.80% percent. In the recent year, EBITDA margin amounted to 7.56%, whereas operating margins totaled 4.30%. Based on annual data, APG earned $1.71 billion in gross profit and brought in $6.56 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.00%. Return on equity (ROE) for the past 12 months was 3.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. APG’s revenue rose 6.89% to $1.61 billion during the quarter, while net income inched up to $1.77 billion. During the quarter, the company generated $182.0 million in EBITDA. The liabilities of APi Group Corporation were 5.73 billion at the end of its most recent quarter, and its total debt was $2.84 billion. The value of shareholders’ equity is $235.79 million.
Technical Picture
This quick technical analysis looks at APi Group Corporation’s (APG) price momentum. With a historical volatility rate of 15.10%, the RSI 9-day stood at 45.33% on 18 August.
With respect to its five-day moving average, the current APi Group Corporation price is down by -0.32% percent or -$0.09. At present, APG shares trade -1.24% below its 20-day simple moving average and +29.91% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.21% above its SMA50 and +69.38% above its SMA200.
Stochastic coefficient K was 17.61% and Stochastic coefficient D was 22.74%, while ATR was 0.59. Given the Stochastic reading of 27.11% for the 14-day period, the RSI (14) reading has been calculated as 50.14%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at -0.40.
Analyst Ratings
Robert W. Baird upgraded its rating on APi Group Corporation (NYSE: APG) to an Outperform in a note to investors on May 17, 2023. The analysts firm previously had a Neutral rating on the stock.APi Group Corporation (APG) has been rated Overweight by analysts. According to 0 brokerage firms, APG is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate APi Group Corporation stock as buy, with 4 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $28.00 – $37.00. Based on these forecasts, analysts predict APi Group Corporation (APG) will achieve an average price target of $32.56.
