Aptiv PLC [APTV] Is Currently -2.32 below its 200 Period Moving Avg: What Does This Mean?

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Aptiv PLC [NYSE: APTV] loss -2.32% or -1.76 points to close at $73.96 with a heavy trading volume of 3413973 shares. The company report on November 2, 2023 at 6:45 AM that Aptiv Reports Third Quarter 2023 Financial Results.

Strong Revenue Growth and Record Adjusted Operating Earnings.

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Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected, today reported third quarter 2023 U.S. GAAP earnings of $5.76 per diluted share. Excluding special items, third quarter earnings totaled $1.30 per diluted share.

It opened the trading session at $75.90, the shares rose to $76.46 and dropped to $73.2629, the range by which the price of stock traded the whole day. The daily chart for APTV points out that the company has recorded -22.07% loss over the past six months. However, it is still -4.15% lower than its most recent low trading price.

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If we look at the average trading volume of 2.01M shares, APTV reached to a volume of 3413973 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Aptiv PLC [APTV]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APTV shares is $116.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APTV stock is a recommendation set at 1.57. 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.

Piper Sandler have made an estimate for Aptiv PLC shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 03, 2023.

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The Average True Range (ATR) for Aptiv PLC is set at 3.65, with the Price to Sales ratio for APTV stock in the period of the last 12 months amounting to 1.06. The Price to Book ratio for the last quarter was 1.94, with the Price to Cash per share for the same quarter was set at 6.39. Price to Free Cash Flow for APTV in the course of the last twelve months was 15.80 with Quick ratio for the last quarter at 1.29.

Trading performance analysis for APTV stock

Aptiv PLC [APTV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.08. With this latest performance, APTV shares dropped by -24.62% in over the last four-week period, additionally sinking by -22.07% over the last 6 months – not to mention a drop of -25.42% 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 APTV stock in for the last two-week period is set at 23.06, with the RSI for the last a single of trading hit 19.21, and the three-weeks RSI is set at 26.61 for Aptiv PLC [APTV]. The present Moving Average for the last 50 days of trading for this stock 94.60, while it was recorded at 75.77 for the last single week of trading, and 102.48 for the last 200 days.

Aptiv PLC [APTV]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Aptiv PLC [APTV] shares currently have an operating margin of +7.67 and a Gross Margin at +20.58. Aptiv PLC’s Net Margin is presently recorded at +3.40.

Return on Total Capital for APTV is now 9.23, given the latest momentum, and Return on Invested Capital for the company is 4.19. Return on Equity for this stock inclined to 6.92, with Return on Assets sitting at 2.98. When it comes to the capital structure of this company, Aptiv PLC [APTV] has a Total Debt to Total Equity ratio set at 79.02. Additionally, APTV Total Debt to Total Capital is recorded at 44.14, with Total Debt to Total Assets ending up at 31.81. Long-Term Debt to Equity for the company is recorded at 77.43, with the Long-Term Debt to Total Capital now at 43.25.

Reflecting on the efficiency of the workforce at the company, Aptiv PLC [APTV] managed to generate an average of $3,713 per employee. Receivables Turnover for the company is 5.07 with a Total Asset Turnover recorded at a value of 0.88.Aptiv PLC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.29 and a Current Ratio set at 1.81.

Aptiv PLC [APTV]: An earnings per share (EPS) analysis

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 APTV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Aptiv PLC go to 29.04%.

An analysis of Institutional ownership at Aptiv PLC [APTV]

The top three institutional holders of APTV stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in APTV stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in APTV stock with ownership which is approximately 5.7994%.

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