Apartment Investment & Management Co. (NYSE:AIV) shares, rose in value, with the stock price up by 0.88% to the previous day’s close as strong demand from buyers drove the stock to $8.05.
Actively observing the price movement in the last trading, the stock closed the session at $7.98. Referring to stock’s 52-week performance, its high was $8.93, and the low was $5.63. On the whole, AIV has fluctuated by -0.86% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 205.9M, with a low estimate of 49.8M and a high estimate of 49.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 49.8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AIV’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AIV currently trading nearly 0.50% and 3.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.34, while the 7-day volatility ratio is showing 2.30% which for the 30-day chart, stands at 2.36%. Furthermore, Apartment Investment & Management Co. (AIV)’s beta value is 1.33, and its average true range (ATR) is 0.20.
A comparison of Apartment Investment & Management Co. (AIV) with its peers suggests the former has fared considerably weaker in the market. AIV showed an intraday change of 0.88% in last session, and over the past year, it grew by 6.06%%.
Data on historical trading for Apartment Investment & Management Co. (NYSE:AIV) indicates that the trading volumes over the past 3 months, they’ve averaged 993.09K. According to company’s latest data on outstanding shares, there are 140.58 million shares outstanding.
Nearly 8.92% of Apartment Investment & Management Co.’s shares belong to company insiders and institutional investors own 84.11% of the company’s shares. The stock has risen by 2.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AIV stock heading into the next quarter.
