Apollo Global Management Inc. (NYSE: APO) finished Thursday with a subtraction of -$0.17 to close at $82.35, a downside of -0.21 percent. An average of 1,592,898 shares of common stock have been traded in the last five days. There was a gain of $1.43 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 2,431,225 shares traded, while the 50-day average volume stands at 2,305,536.
APO stock has increased by 2.03% in the last month. The company shares reached their 1-month lowest point of $78.39 on 08/18/23. With the stock rallying to its 52-week high on 08/04/23, shares of the company touched a low of $45.62 and a high of $87.82 in 52 weeks. It has reached a new high 27 times so far this year and achieved 29.10% or $18.80 in price. In spite of this, the price is down -6.23% from the 52-week high.
Insider Transactions
APO stock investors should be aware that Apollo Global Management Inc. (APO) stock had its last reported insider trading activity 43 days ago on July 13. In this transaction, the insider spent $4,814,937. Co-President, Zelter James C, disposed of 23,752 shares at a price of $78.82 on July 12. The insider now owns more than $1,872,023 worth of shares. Prior to that, Co-President Zelter James C went on to sell 35,777 shares at $77.93 each on Jul 11. An amount of $2,788,155 was transacted.
Valuation Metrics
Apollo Global Management Inc. (APO) has a trailing price-to-earnings (P/E) ratio of 38.57. The stock’s beta is 1.66. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.84, the price-to-book (PB) ratio at 5.80, and the price-to-cash flow ratio at 5.44.
The company has a payout ratio of 76.30%. The company’s most recent quarterly dividend payment was $0.43 a share, without any change from last year. Its latest increase dividend $0.03 reported on Tuesday May 9 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.82 and a total debt to equity ratio of 0.82 for the quarter ending June 29. Its gross profit as reported stood at $2.72 billion compared to revenue of $3.55 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Apollo Global Management Inc.’s return on assets was 0.50%.
Earnings Surprise
For the three-month period that ended June 29, Apollo Global Management Inc. had $6.08 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$876.0 million in the quarter, while revenues were grew 100.0%. The analyst consensus anticipated Apollo Global Management Inc.’s latest quarter earnings to come in at $1.65 per share, but it turned out to be $1.7, a 3.00% surprise. For the quarter, EBITDA amounted to $308.08 million. Shareholders own equity worth $1000.0.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Apollo Global Management Inc. (APO) price momentum. RSI 9-day as of the close on 24 August was 56.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.51%.
As of today, APO’s price is $82.25 +1.76% or $1.43 from its 5-day moving average. APO is currently trading +0.95% higher than its 20-day SMA and +32.36% higher than its 100-day SMA. However, the stock’s current price level is +8.46% above the SMA50 and +30.78% above the SMA200.
The stochastic %K and %D were 55.68% and 46.07%, respectively, and the average true range (ATR) was 1.81. With the 14-day stochastic at 69.09% and the average true range at 1.80, the RSI (14) stands at 56.45%. The stock has reached 1.35 on the 9-day MACD Oscillator while the 14-day reading was at 1.18.
Analyst Ratings
Citigroup launched coverage on Apollo Global Management Inc. (NYSE: APO) in its analyst report released on May 19, 2023. The firm assigned the stock a Buy rating. The consensus rating for Apollo Global Management Inc. (APO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell APO, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 10 others rate it as a “buy”.
What is APO’s price target for the next 12 months?
Analysts predict a range of price targets between $86.00 and $104.00, with a median target of $96.00. Taking a look at these predictions, the average price target given by analysts for Apollo Global Management Inc. (APO) stock is $94.71.
