As of Thursday close, Apollo Global Management Inc.’s (NYSE:APO) stock was up $2.24, moving up 2.63 percent to $87.34. The average number of shares traded per day over the past five days has been 2,087,960 shares. 4 times new highs have been achieved over the past 5 days, with a $4.82 gain in that time frame. In the last twenty days, the average volume was 2,477,735, while in the previous 50 days, it was 2,280,002.
Since last month, APO stock rose 7.39%. Shares of the company fell to $78.39 on 08/18/23, the lowest level in the past month. A 52-week high of $87.82 was reached on 08/04/23 after having rallying from a 52-week low of $45.62. Since the beginning of this year, APO’s stock price has risen by 36.92% or $23.55, and marked a new high 27 times. However, the stock has declined by -0.55% since its 52-week high.
APO stock investors should be aware that Apollo Global Management Inc. (APO) stock had its last reported insider trading activity 50 days ago on Jul 13. Zelter James C, the Co-President () of the company, disposed of 60,779 shares for $79.22 on Jul 13. It resulted in a $4,814,937 divestment by the insider. Zelter James C sold 23,752 shares at an average price of $78.82 on Jul 12. The insider now owns 5,716,630 shares following the transaction. On Jul 11, Co-President () Zelter James C sold 35,777 shares at $77.93 apiece. The transaction was valued at $2,788,155.
Valuation Metrics
Right now, Apollo Global Management Inc. (APO) has a P/E ratio of about 40.91. The stock’s beta is 1.68. Besides these, the trailing price-to-sales (P/S) ratio of 1.98, the price-to-book (PB) ratio of 6.15, and the price-to-cash flow ratio of 5.87 may also be considered.
The latest dividend of $0.43 per share was paid out, remained unchanged from last year’s $0.43. On Tuesday May 9 2023, a $0.03 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.82, and the total debt-to-equity ratio was 0.82. In the year ended June 29, operating margins totaled 11.40%. Based on annual data, APO earned $2.72 billion in gross profit and brought in $3.55 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 -36.70%. Return on equity (ROE) for the past 12 months was 23.00%.
In Apollo Global Management Inc.’s quarter-end financial report for June 29, it reported total debt of $6.08 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. APO’s revenue rose 100.0% during the quarter, while net income inched up to $2.98 billion. While analysts expected Apollo Global Management Inc. to report $1.65 quarterly earnings, the actual figure was $1.7 per share, beating the consensus estimate by 3.00%. During the quarter, the company generated $308.08 million in EBITDA. The liabilities of Apollo Global Management Inc. were 9.83 billion at the end of its most recent quarter ended June 29, and its total debt was $22.07 billion. The value of shareholders’ equity is $1000.0.
Technical Picture
This quick technical analysis looks at Apollo Global Management Inc.’s (APO) price momentum. With a historical volatility rate of 36.13%, the RSI 9-day stood at 77.36% on 31 August.
With respect to its five-day moving average, the current Apollo Global Management Inc. price is up by +5.84% percent or $4.82. At present, APO shares trade +1.64% above its 20-day simple moving average and +41.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.30% above its SMA50 and +33.92% above its SMA200.
Stochastic coefficient K was 95.62% and Stochastic coefficient D was 91.41%, while ATR was 1.74. Given the Stochastic reading of 96.34% for the 14-day period, the RSI (14) reading has been calculated as 70.89%. As of today, the MACD Oscillator reading stands at 2.15, while the 14-day reading stands at 3.23.
Analyst Ratings
Citigroup launched its rating on Apollo Global Management Inc. (NYSE: APO) to a Buy in a note to investors on May 19, 2023. Apollo Global Management Inc. (APO) has been rated Overweight by analysts. According to 0 brokerage firms, APO is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Apollo Global Management Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $96.00, the current consensus forecast for the stock is $86.00 – $104.00. Based on these forecasts, analysts predict Apollo Global Management Inc. (APO) will achieve an average price target of $94.71.
