Apollo Global Management Inc (NYSE:APO) saw a downside of -0.32% to $89.59 after subtracting -$0.29 on Wednesday. The 5-day average trading volume is 1,551,009 shares of the company’s common stock. It has gained $92.59 in the past week and touched a new high 3 times within the past 5 days. An average of 2,170,637 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,231,087.
APO’s 1-month performance is 7.11% or $6.43 on its low of $83.24 reached on 08/28/23. The company’s shares have touched a 52-week low of $45.62 and high of $93.18, with the stock’s rally to the 52-week high happening on 09/20/23. YTD, APO has achieved 40.45% or $25.79 and has reached a new high 35 times. However, the current price is down -3.85% from the 52-week high price.
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Insider Transactions
APO stock investors last saw insider trading activity on Jul 13. Zelter James C (Co-President) most recently sold 60,779 shares at $79.22 per share on Jul 13. This transaction cost the insider $4,814,937. Co-President, Zelter James C, sold 23,752 shares at a price of $78.82 on Jul 12. Then, on Jul 11, Co-President Zelter James C sold 35,777 shares at a price of $77.93 per share. This transaction amounted to $2,788,155.
Valuation Metrics
APO stock has a beta of 1.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.85 while the price-to-book (PB) in the most recent quarter is 6.17.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.58, while the total debt to equity was 1.58. In terms of profitability, the gross margin trailing 12 months is 96.88%. The firm’s gross profit as reported stood at $2.72 billion against revenue of $3.55 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 100.0% to -$876.0 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected APO to announce $1.65 per share in earnings in its latest quarter, but it posted $1.7, representing a 3.00% surprise. EBITDA for the quarter stood at more than $308.08 million. APO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.83 billion, with total debt at $22.07 billion. Shareholders hold equity totaling $1000.0.
Let’s look briefly at Apollo Global Management Inc (APO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 49.77% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.68%.
The stock’s 5-day moving average is $90.63, reflecting a -2.65% or -$2.44 change from its current price. APO is currently trading +5.44% above its 20-day SMA, +54.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.63% and SMA200 by+42.58%.
Stochastic %K and %D was 63.27% and 70.00% and the average true range (ATR) pointed at 1.84. The RSI (14) points at 55.48%, while the 14-day stochastic is at 42.17% with the period’s ATR at 1.83. The stock’s 9-day MACD Oscillator is pointing at -0.54 and 0.00 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Apollo Global Management Inc (NYSE: APO), Citigroup launched coverage with a Buy rating. Analysts offering their rating for APO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate APO as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.
What is APO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $88.00 and a high of $104.00, with their median price target at $97.00. Looking at these predictions, the average price target given by analysts is for Apollo Global Management Inc (APO) stock is $96.00.
