With 1.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.5 million shares. The 52-week range on API shows that it touched its highest point at $6.89 and its lowest point at $1.65 during that stretch. It currently has a 1-year price target of $6.05. Beta for the stock currently stands at 0.41.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of API was up-trending over the past week, with a rise of 2.96%, but this was up by 12.79% over a month. Three-month performance surged to 34.93% while six-month performance rose 176.17%. The stock gained 115.69% in the past year, while it has gained 42.07% so far this year. A look at the trailing 12-month EPS for API yields -0.46 with Next year EPS estimates of 0.07.
Float and Shares Shorts:
At present, 73.03 million API shares are outstanding with a float of 69.28 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for API since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.35396 being high and -$0.39103 being low. For API, this leads to a yearly average estimate of -$0.36707. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
