How have the shares performed?
APi Group Corporation (APG) saw downtrend of -2.77% in the recent trading with $22.12 being its most recent. The current price level -4.90% lower than the highest price of $23.26 marked by the stock while trading over the past 52-weeks, whereas it is 102.75% higher than the lowest price of $10.91 the company dropped to over past 52-weeks. The latest news story on APG appeared in Business Wire under the title “APi Group Announces Participation in UBS Global Industrials and Transportation Virtual Conference” on Jun-07-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -4.90% below one month high and is +19.83% above of the lowest during that time. Looking into the simple moving average, APi Group Corporation (APG)’s stock stands at a SMA-50 of $21.19 while that of 5-day is reading $22.37.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and APG’s SMA-200 as of now is $17.87.
APi Group Corporation Earnings – What Happened With APG
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. APi Group Corporation (APG) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of -14.30% for net revenue. During the reported three-month period, company’s sales were $803.0 billion while analysts on average were estimating the same to be $939.51 million.
APG – APi Group Corporation Stock Earnings Estimates
The perspective of APi Group Corporation (NYSE:APG)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.14 for stock’s EPS in the current quarter. 7 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.12.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 192.00 million. APG does have institutional investors; and they hold 77.70% of the stock.
APi Group Corporation – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 1 new insider purchases involving 2,600 shares. On the other hand, APG declared 2,256,132 shares have been sold in 8 insider transactions over the past three months.
As on Mar 30, 2021, Viking Global Investors, L.P. was the top most holder in APi Group Corporation (NYSE:APG) with an ownership of 33.33 million shares of the company or 16.56% of the stake worth $689.33 million. The filing also reveals Vanguard Group, Inc. (The) as the second largest holder in the company with a control over 5.93% of the outstanding shares. Its stake is worth $246.84 million for having 11.94 million shares in hand.
Blackrock Inc. also came holding a key position in the company during the recent quarter and it now holds 5.18% of the outstanding shares. With this there are now 257 institutions which have possession in APG’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by APi Group Corporation was 1.71 while posting a debt to equity ratio of 0.86. The count was 95.83 for long-term debt to equity ratio.
APi Group Corporation’s return on equity, or ROE, is -11.60%, compared to the industry average of 6.02% for Industrials – Engineering & Construction. Although this indicates that APG fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of APi Group Corporation (NYSE:APG) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for APi Group Corporation (APG), we notice that the stock’s 20-day average volume is at 887,835 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 891,434 shares. And to end, APG’s 100-day average volume is 965,983 shares with 100% of the long-term indicators pointing towards Buy for the stock.