Apollo Global Management Inc (NYSE: APO) – Not A Clear Buying Opportunity?

Apollo Global Management Inc (APO) concluded trading on Wednesday at a closing price of $117.67, with 1.81 million shares of worth about $213.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.84% during that period and on Wednesday the price saw a loss of about -1.97%. Currently the company’s common shares owned by public are about 567.76M shares, out of which, 405.36M shares are available for trading.

Stock saw a price change of -0.33% in past 5 days and over the past one month there was a price change of 0.96%. Year-to-date (YTD), APO shares are showing a performance of 26.27% which increased to 52.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $73.77 but also hit the highest price of $120.18 during that period. The average intraday trading volume for Apollo Global Management Inc shares is 2.43 million. The stock is currently trading 0.53% above its 20-day simple moving average (SMA20), while that difference is up 2.81% for SMA50 and it goes to 15.43% higher than SMA200.

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Apollo Global Management Inc (NYSE: APO) currently have 567.76M outstanding shares and institutions hold larger chunk of about 42.67% of that.

The stock has a current market capitalization of $93.13B and its 3Y-monthly beta is at 1.59. PE ratio of stock for trailing 12 months is 13.13, while it has posted earnings per share of $8.96 in the same period. Its PEG reads 0.78 while making debt-to-equity ratio of 0.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APO, volatility over the week remained 1.77% while standing at 2.43% over the month.

Stock’s fiscal year EPS is expected to rise by 11.78% while it is estimated to increase by 19.93% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on February 28, 2024 offering an Overweight rating for the stock and assigned a target price of $122 to it. Coverage by TD Cowen stated Apollo Global Management Inc (APO) stock as an Outperform in their note to investors on January 04, 2024, suggesting a price target of $115 for the stock. Stock get a Buy rating from Citigroup on May 19, 2023.

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