APi Group Corporation (NYSE: APG): To Buy Or Not To Buy, That Is The Question

APi Group Corporation (APG) concluded trading on Thursday at a closing price of $32.96, with 6.3 million shares of worth about $207.8 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.12% during that period and on September 25, 2024 the price saw a loss of about -3.03%. Currently the company’s common shares owned by public are about 235.58M shares, out of which, 150.73M shares are available for trading.

Stock saw a price change of -5.07% in past 5 days and over the past one month there was a price change of -7.42%. Year-to-date (YTD), APG shares are showing a performance of -4.74% which increased to 28.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.61 but also hit the highest price of $39.98 during that period. The average intraday trading volume for APi Group Corporation shares is 1.83 million. The stock is currently trading -3.87% below its 20-day simple moving average (SMA20), while that difference is down -5.78% for SMA50 and it goes to -7.82% lower than SMA200.

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APi Group Corporation (NYSE: APG) currently have 235.58M outstanding shares and institutions hold larger chunk of about 124.96% of that.

The stock has a current market capitalization of $5.71B and its 3Y-monthly beta is at 1.83. It has posted earnings per share of -$2.02 in the same period. It has Quick Ratio of 1.38 while making debt-to-equity ratio of 1.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APG, volatility over the week remained 2.83% while standing at 2.45% over the month.

Stock’s fiscal year EPS is expected to rise by 18.32% while it is estimated to increase by 16.71% in next year. EPS is likely to grow at an annualized rate of 18.40% for next 5-years, compared to annual growth of 11.82% made by the stock over the past 5-years.

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 Jefferies on March 15, 2024 offering a Buy rating for the stock and assigned a target price of $48 to it. Coverage by UBS stated APi Group Corporation (APG) stock as a Buy in their note to investors on January 25, 2024, suggesting a price target of $40 for the stock. On May 17, 2023, Robert W. Baird Upgrade their recommendations, while on July 11, 2022, BofA Securities Upgrade their ratings for the stock with a price target of $23. Stock get a Neutral rating from JP Morgan on June 17, 2022.

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