The stock of APi Group Corporation (NYSE:APG) increased by $0.22 on Friday to finish at $27.47, up 0.81 percent. The last five days have seen an average of 829,740 shares of common stock traded. 40 times new highs were reached in the current year, with a gain of $8.66. The average number of shares traded over the last 20 days was 852,750, while the average volume over the last 50 days totaled 897,316.
APG stock dropped -2.45% since last month. On 08/25/23, the company’s shares reached a one-month low of $26.94. The stock touched a high of $29.57 on 08/03/23, after rallying from a low of $13.09 in 52 weeks. The price of APG stock has risen by 46.04% or $8.66 this year, reaching a new high 40 times. Still, the stock price is down -7.10% from the 52-week high.
Insider Transactions
APG stock investors should be aware that APi Group Corporation (APG) stock had its last reported insider trading activity 14 days ago on Aug 14. On Aug 14, FD Juno Holdings L.P. sold 2,598,609 shares at $27.80 each. This transaction resulted in the insider making $72,241,330. On Aug 14, Juno Lower Holdings L.P. sold 2,598,609 shares at a price of US$27.80. After the transaction, the insider now owns 0 shares. Director ASHKEN IAN G H had earlier sold 81,316 shares on Aug 08 for $28.13 a share. The transaction was completed for $2,287,419.
Valuation Metrics
APi Group Corporation (APG) has a trailing price-to-earnings (P/E) ratio of 92.18. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 2.87, and the price-to-cash flow ratio of 20.33.
Financial Health
For the three months ended June 29, APi Group Corporation’s quick ratio was 1.40, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.23, and the total debt to equity ratio is 1.26. As far as profitability goes, gross margin for the trailing twelve months is 26.80% percent. APi Group Corporation’s EBITDA margin for the year ended June 29 was 7.56%, whereas its operating margin stood at 4.30% for the same period. Based on annual data, it had gross profit of $1.71 billion and revenue of $6.56 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. APG’s return on assets (ROA) during the last 12 months has been 1.00%. There was a 3.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.70%.
Earnings Surprise
According to APi Group Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.77 billion, while revenues rose by 6.89% to $1.61 billion. It was predicted that APi Group Corporation’s quarterly earnings would be $0.41, but it ended up being $0.4, beating the consensus by 2.50%. EBITDA was $182.0 million for the quarter. At the end of APi Group Corporation’s most recent quarter ended June 29, its liabilities totaled 5.73 billion, while its total debt was $2.84 billion. Equity owned by shareholders amounts to $235.79 million.
Technical Picture
Here’s a quick look at APi Group Corporation’s (APG) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 42.38%, suggesting the stock is Neutral, with a 18.41% historical volatility rate.
The stochastic %K and %D were 21.77% and 16.01% respectively, while the average true range (ATR) was 0.63. Based on the 14-day stochastic reading of 33.33%, the RSI (14) reading is 45.72%. On the 9-day MACD Oscillator, the stock is at -0.20, and the 14-day reading is at -0.39.
Analyst Ratings
In its most recent analyst report, Robert W. Baird raised its rating on APi Group Corporation (NYSE: APG) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned APi Group Corporation (APG) an Overweight rating. APG is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 4 others recommend it as a buy.
What is APG’s price target for the next 12 months?
The current consensus forecast for the stock is between $28.00 and $37.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for APi Group Corporation (APG) is $32.56.
