Apollo Investment Corporation [NASDAQ: AINV] loss -8.94% on the last trading session, reaching $10.19 price per share at the time. Apollo Investment Corporation represents 66.28 million in outstanding shares, while the company has a total market value of $675.37 million with the latest information.
If compared to the average trading volume of 1.06M shares, AINV reached a trading volume of 1205801 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Apollo Investment Corporation [AINV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AINV shares is $9.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AINV stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Apollo Investment Corporation shares, keeping their opinion on the stock as Sell, with their previous recommendation back on May 22, 2020. The new note on the price target was released on March 27, 2020, representing the official price target for Apollo Investment Corporation stock. On November 12, 2019, analysts decreased their price target for AINV shares from 21 to 17.
The Average True Range (ATR) for Apollo Investment Corporation is set at 0.62, with the Price to Sales ratio for AINV stock in the period of the last 12 months amounting to 2.44. The Price to Book ratio for the last quarter was 0.66, with the Price to Cash per share for the same quarter was set at 0.56.
Trading performance analysis for AINV stock
Apollo Investment Corporation [AINV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.94. With this latest performance, AINV shares gained by 23.07% in over the last four-week period, additionally sinking by -40.65% over the last 6 months – not to mention a drop of -37.10% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AINV stock in for the last two-week period is set at 51.76, with the RSI for the last a single of trading hit 46.63, and the three-weeks RSI is set at 52.24 for Apollo Investment Corporation [AINV]. The present Moving Average for the last 50 days of trading for this stock 8.75, while it was recorded at 11.27 for the last single week of trading, and 14.07 for the last 200 days.
Apollo Investment Corporation [AINV]: A deeper dive into fundamental analysis
Apollo Investment Corporation [AINV]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Apollo Investment Corporation posted 0.5/share EPS, while the average EPS was predicted by analysts to be reported at 0.46/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AINV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Apollo Investment Corporation go to 3.00%.
An analysis of insider ownership at Apollo Investment Corporation [AINV]
There are presently around $260 million, or 36.40% of AINV stock, in the hands of institutional investors. The top three institutional holders of AINV stocks are: THORNBURG INVESTMENT MANAGEMENT INC with ownership of 4,920,549, which is approximately -16.294% of the company’s market cap and around 0.30% of the total institutional ownership; APOLLO MANAGEMENT HOLDINGS, L.P., holding 2,900,321 shares of the stock with an approximate value of $32.45 million in AINV stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $23.23 million in AINV stock with ownership of nearly 17.703% of the company’s market capitalization.
66 institutional holders increased their position in Apollo Investment Corporation [NASDAQ:AINV] by around 2,596,255 shares. Additionally, 77 investors decreased positions by around 4,438,761 shares, while 30 investors held positions by with 16,231,133 shares. The mentioned changes placed institutional holdings at 23,266,149 shares, according to the latest SEC report filing. AINV stock had 27 new institutional investments in for a total of 1,261,933 shares, while 30 institutional investors sold positions of 1,643,770 shares during the same period.