Apartment Investment & Management Co. (NYSE:AIV) traded at $8.00 at close of the session on Tuesday, April 30, made a downward move of -0.74% on its previous day’s price.
Looking at the stock we see that its previous close was $8.06 . In terms of its 52-week price range, AIV has a high of $8.93 and a low of $5.63. The company’s stock has gained about 0.13% over that past 30 days.
Apartment Investment & Management Co. has a market cap of $1.16 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.09, with the EPS growth for the year raised at -$0.4 for 2024 and $0 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $49.8 million, with a low of $49.8 million and a high of $49.8 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $205.9 million, or 10.10% up from figures reported last year.
On the other hand, looking at the outlook for the AIV stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is -0.08% off its SMA20 and 2.62% from its 50-day simple moving average. The RSI (14) is pointing at 52.15 while the volatility over the past week is 2.18% and jumps to 2.35% over the past one month. The beta value is 1.33, while the average true range (ATR) is currently pointing at 0.19.
Coming back to Apartment Investment & Management Co. (NYSE:AIV), we note that the average 3-month trading volume was 996.62K. Current shares outstanding are 140.58 million.
The insiders hold 8.92% of the company’s shares while institutions hold 84.10%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 2.17% up in year-to-date price movement.
