JP Morgan raised the price target for the Apollo Global Management Inc (NYSE:APO) stock to “an Overweight”. The rating was released on February 28, 2024, according to finviz. The research report from BMO Capital Markets has resumed the stock to Outperform, with a price target set at $108. In their research brief published May 19, 2023, Citigroup analysts initiated the Apollo Global Management Inc stock to Buy with a price target of $80.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -5.89% within the last five trades and -2.53% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 23.20% in the last 6 months and 11.90% was added to its value over the previous 3 months. APO stock is trading at a margin of -4.28%, -3.02% and 14.88% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, APO deals in the Financial domain. The stock is trading -8.25 percent below its 52-week high and 86.94 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 62.08. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Apollo Global Management Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 24.72 percent and the profit margin is 15.02 percent, and the company has reported a gross margin of 97.23 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $84.98 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Apollo Global Management Inc (NYSE:APO) is 12.82. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 11.88. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.57 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 4.83, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 49.60 percent of Apollo Global Management Inc shares are owned by insiders, and 41.80 percent are held by financial institutions. BLACK LEON D, the at Apollo Global Management Inc (APO) has sold 450,000 shares of firm on Mar 19 ’24 at a price of $110.71 against the total amount of $49.82 million. In another inside trade, KLEINMAN SCOTT, Co-President () of Apollo Global Management Inc (NYSE:APO) sold 175,345 shares of the firm on Mar 01 ’24 for a total worth of $19.38 million at a price of $110.55. An inside trade which took place on Mar 01 ’24, Co-President () of Apollo Global Management Inc KLEINMAN SCOTT sold 32,235 shares of firm against total price of $3.56 million at the cost of $110.58 per share.
