Apartment Investment and Management Company (NYSE:AIV) shares fell to a low of $7.225 before closing at $7.24. Intraday shares traded counted 2.81 million, which was 13.26% higher than its 30-day average trading volume of 3.24M. AIV’s previous close was $7.38 while the outstanding shares total 148.91M. The firm has a beta of 1.06, a 12-month trailing P/E ratio of 124.83, and a growth ratio of 17.58. The stock’s Relative Strength Index (RSI) is 52.41, with weekly volatility at 2.60% and ATR at 0.18. The AIV stock’s 52-week price range has touched low of $3.19 and a $7.74 high. The stock traded lower over the last trading session, losing -1.90% on 06/18/21.
Investors have identified the REIT – Residential company Apartment Investment and Management Company 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 $1.11 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.
Apartment Investment and Management Company (AIV) Fundamentals that are to be considered.
AIV were able to record -35.56 million as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by -63.43 million. In cash movements, the company had a total of 2.32 million as operating cash flow.
Potential earnings growth for Apartment Investment and Management Company (AIV)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, Apartment Investment and Management Company recorded a total of 39.8 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 3.76% coming in sequential stages and their sales for the 07/29/2021 quarter increasing by 906.76%.
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 43.97 million trying to sell their products during the last quarter, with the result yielding a gross income of -4.17 million. This allows shareholders to hold on to 148.91M with the recently reported earning now reading 0.14 cents per share. This is a figure that compared to analyst’s prediction for their 07/29/2021 (0.14 cents a share).
Is the stock of AIV attractive?
In related news, Chief Accounting Officer, VP, Frenzel Justin bought 1,500 shares of the company’s stock in a transaction that recorded on May 20. The purchase was performed at an average price of 6.73, for a total value of 10,089. As the purchase deal closes, the Director, Allen Quincy now sold 12,200 shares of the company’s stock, valued at 75,213. Also, Director, Miller Robert A. bought 10,000 shares of the company’s stock in a deal that was recorded on Mar 26. The shares were cost at an average price of 5.60 per share, with a total market value of 56,000. Following this completion of disposal, the Director, CONSIDINE TERRY now holds 100,000 shares of the company’s stock, valued at 582,160. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.