Apollo Global Management Inc. [APO] Stock trading around $43.90 per share: What’s Next?

Apollo Global Management Inc. [NYSE: APO] price plunged by -5.69 percent to reach at -$2.65. The company report on October 7, 2020 that Intrado Enterprise Collaboration Launches Hoot Meetings.

Intrado Expands Proprietary UCaaS Portfolio with Next-Generation, Video-First Meeting Solution.

Intrado Corporation (“Intrado” or the “Company”), a global leader in technology-enabled services, today announced the launch of Hoot™ Meetings, a next-generation video-first online meeting tool for the modern workplace.

A sum of 2297057 shares traded at recent session while its average daily volume was at 1.11M shares. Apollo Global Management Inc. shares reached a high of $46.6307 and dropped to a low of $43.87 until finishing in the latest session at $43.90.

The one-year APO stock forecast points to a potential upside of 18.26. The average equity rating for APO stock is currently 2.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Apollo Global Management Inc. [APO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APO shares is $53.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APO stock is a recommendation set at 2.50. 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.

Jefferies have made an estimate for Apollo Global Management Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 07, 2020. The new note on the price target was released on June 08, 2020, representing the official price target for Apollo Global Management Inc. stock. Previously, the target price had yet another raise to $43, while BMO Capital Markets analysts kept a Market Perform rating on APO stock.

The Average True Range (ATR) for Apollo Global Management Inc. is set at 1.67, with the Price to Sales ratio for APO stock in the period of the last 12 months amounting to 11.80. The Price to Book ratio for the last quarter was 26.61, with the Price to Cash per share for the same quarter was set at 3.62. Price to Free Cash Flow for APO in the course of the last twelve months was 20.18.

APO Stock Performance Analysis:

Apollo Global Management Inc. [APO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.71. With this latest performance, APO shares dropped by -1.86% in over the last four-week period, additionally plugging by 20.74% over the last 6 months – not to mention a rise of 13.38% 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 APO stock in for the last two-week period is set at 41.68, with the RSI for the last a single of trading hit 38.71, and the three-weeks RSI is set at 43.35 for Apollo Global Management Inc. [APO]. The present Moving Average for the last 50 days of trading for this stock 46.53, while it was recorded at 45.98 for the last single week of trading, and 45.11 for the last 200 days.

Insight into Apollo Global Management Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Apollo Global Management Inc. [APO] shares currently have an operating margin of +45.71 and a Gross Margin at +99.44. Apollo Global Management Inc.’s Net Margin is presently recorded at +28.51.

Return on Total Capital for APO is now 22.69, given the latest momentum, and Return on Invested Capital for the company is 18.01. Return on Equity for this stock inclined to 50.05, with Return on Assets sitting at 11.10. When it comes to the capital structure of this company, Apollo Global Management Inc. [APO] has a Total Debt to Total Equity ratio set at 200.31. Additionally, APO Total Debt to Total Capital is recorded at 66.70, with Total Debt to Total Assets ending up at 43.40. Long-Term Debt to Equity for the company is recorded at 276.44, with the Long-Term Debt to Total Capital now at 64.51.

Reflecting on the efficiency of the workforce at the company, Apollo Global Management Inc. [APO] managed to generate an average of $568,587 per employee. Receivables Turnover for the company is 6.58 with a Total Asset Turnover recorded at a value of 0.39.

APO Stock EPS

With the latest financial reports released by the company, Apollo Global Management Inc. posted 0.54/share EPS, while the average EPS was predicted by analysts to be reported at 0.56/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -3.60%. 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 APO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Apollo Global Management Inc. go to 6.05%.

Apollo Global Management Inc. [APO] Insider Position Details

There are presently around $7,465 million, or 75.60% of APO stock, in the hands of institutional investors. The top three institutional holders of APO stocks are: TIGER GLOBAL MANAGEMENT LLC with ownership of 33,913,500, which is approximately 0% of the company’s market cap and around 2.20% of the total institutional ownership; VANGUARD GROUP INC, holding 18,286,769 shares of the stock with an approximate value of $802.79 million in APO stocks shares; and CAPITAL WORLD INVESTORS, currently with $493.65 million in APO stock with ownership of nearly 6.443% of the company’s market capitalization.

Positions in Apollo Global Management Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 210 institutional holders increased their position in Apollo Global Management Inc. [NYSE:APO] by around 25,768,430 shares. Additionally, 159 investors decreased positions by around 16,511,142 shares, while 52 investors held positions by with 127,771,973 shares. The mentioned changes placed institutional holdings at 170,051,545 shares, according to the latest SEC report filing. APO stock had 110 new institutional investments in for a total of 6,001,679 shares, while 57 institutional investors sold positions of 5,545,696 shares during the same period.

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