Market Resilience: APi Group Corporation (APG) Finishes Weak at 38.32, Down -0.67

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APi Group Corporation (NYSE: APG) closed the day trading at $38.32 down -0.67% from the previous closing price of $38.58. In other words, the price has decreased by -$0.67 from its previous closing price. On the day, 1.73 million shares were traded. APG stock price reached its highest trading level at $38.9 during the session, while it also had its lowest trading level at $38.08.

Ratios:

For a better understanding of APG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.27. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 1.22.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on March 15, 2024, initiated with a Buy rating and assigned the stock a target price of $48.

Robert W. Baird Upgraded its Neutral to Outperform on May 17, 2023, whereas the target price for the stock was revised from $27 to $29.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 17 ’24 when VIKING GLOBAL INVESTORS LP sold 1,951,782 shares for $38.15 per share. The transaction valued at 74,460,483 led to the insider holds 0 shares of the business.

VIKING GLOBAL INVESTORS LP sold 1,951,782 shares of APG for $74,460,483 on Jun 17 ’24. The 10% Owner now owns 0 shares after completing the transaction at $38.15 per share. On Jun 11 ’24, another insider, FRANKLIN MARTIN E, who serves as the Director of the company, sold 264,626 shares for $37.41 each. As a result, the insider received 9,899,659 and left with 14,766,902 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, APG now has a Market Capitalization of 10510678016 and an Enterprise Value of 13240677376. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 4.42. Its current Enterprise Value per Revenue stands at 1.915 whereas that against EBITDA is 19.245.

Stock Price History:

The Beta on a monthly basis for APG is 1.82, which has changed by 0.50628936 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, APG has reached a high of $39.98, while it has fallen to a 52-week low of $24.61. The 50-Day Moving Average of the stock is 2.43%, while the 200-Day Moving Average is calculated to be 16.35%.

Shares Statistics:

Over the past 3-months, APG traded about 1.63M shares per day on average, while over the past 10 days, APG traded about 1703320 shares per day. A total of 235.58M shares are outstanding, with a floating share count of 148.04M. Insiders hold about 14.57% of the company’s shares, while institutions hold 115.77% stake in the company. Shares short for APG as of 1715731200 were 7314992 with a Short Ratio of 4.03, compared to 1713139200 on 6853262. Therefore, it implies a Short% of Shares Outstanding of 7314992 and a Short% of Float of 3.66.

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