Apollo Global Management Inc. (NYSE:APO) has a beta of 1.63, a 12-month trailing P/E ratio of 7.26, and a growth ratio of 0.24. The stock’s Relative Strength Index (RSI) is 64.10, with weekly volatility at 2.38% and ATR at 1.37. The APO stock’s 52-week price range has touched low of $36.35 and a $58.49 high. Its shares traded lower over the last trading session, losing 0.00% on 05/19/21. The shares fell to a low of $55.05 before closing at $56.99. Intraday shares traded counted 2.19 million, which was 16.38% higher than its 30-day average trading volume of 2.62M. APO’s previous close was $56.99 while the outstanding shares total 230.00M.
Investors have identified the Asset Management company Apollo Global Management Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $24.23 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Apollo Global Management Inc. (APO) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 3.68 billion total, with 2.21 billion as their total liabilities.
APO were able to record -234.25 million as free cash flow during the 08/04/2021 quarter of the year, this saw their quarterly net cash flow reduce by 967.07 million. In cash movements, the company had a total of -228.75 million as operating cash flow.
Potential earnings growth for Apollo Global Management Inc. (APO)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, Apollo Global Management Inc. recorded a total of 2.29 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 164.02% coming in sequential stages and their sales for the 08/04/2021 quarter increasing by 43.5%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 2.29 billion trying to sell their products during the last quarter, with the result yielding a gross income of 1.02 billion. This allows shareholders to hold on to 230.00M with the recently reported earning now reading 6.60 cents per share. This is a figure that compared to analyst’s prediction for their 08/04/2021 (0.66 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.05 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on APO sounds very interesting.
Is the stock of APO attractive?
In related news, Director, RICHARDS PAULINE bought 2,120 shares of the company’s stock in a transaction that recorded on May 11. The purchase was performed at an average price of 57.16, for a total value of 121,187. As the purchase deal closes, the 10% Owner, TIGER GLOBAL MANAGEMENT LLC now bought 1,000,000 shares of the company’s stock, valued at 47,223,428. Also, Co-Founder, HARRIS JOSHUA sold 1,000 shares of the company’s stock in a deal that was recorded on Mar 01. The shares were cost at an average price of 51.00 per share, with a total market value of 51,001. Following this completion of disposal, the Co-Founder, HARRIS JOSHUA now holds 7,000 shares of the company’s stock, valued at 360,878. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.80%.
10 out of 17 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Apollo Global Management Inc.. 0 analysts has assigned a Sell rating on the APO stock. The 12-month mean consensus price target for the company’s shares has been set at $58.81.