APA Corporation (NASDAQ:APA) shares, rose in value, with the stock price up by 2.01% to the previous day’s close as strong demand from buyers drove the stock to $26.86.
Actively observing the price movement in the last trading, the stock closed the session at $26.33, falling within a range of $26.34 and $27.0. The value of beta (5-year monthly) was 3.232 whereas the PE ratio was 2.93 over 12-month period. Referring to stock’s 52-week performance, its high was $43.58, and the low was $22.72. On the whole, APA has fluctuated by 13.77% over the past month.
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With the market capitalization of APA Corporation currently standing at about $9.94 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 3.72%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.97B, with a low estimate of 2.1B and a high estimate of 2.41B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.26B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that APA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of APA currently trading nearly 5.76% and 0.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.24, while the 7-day volatility ratio is showing 2.78% which for the 30-day chart, stands at 3.53%. Furthermore, APA Corporation (APA)’s beta value is 3.24, and its average true range (ATR) is 0.97.
A comparison of APA Corporation (APA) with its peers suggests the former has fared considerably weaker in the market. APA showed an intraday change of 2.01% in last session, and over the past year, it shrunk by -30.93%%.
Data on historical trading for APA Corporation (NASDAQ:APA) indicates that the trading volumes over the past 10 days have averaged 6.74 and over the past 3 months, they’ve averaged 5.85 million. According to company’s latest data on outstanding shares, there are 369.90 million shares outstanding.
Nearly 2.35% of APA Corporation’s shares belong to company insiders and institutional investors own 82.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.37 million shares as on 2024-09-30, resulting in a short ratio of 2.45. According to the data, the short interest in APA Corporation (APA) stood at 537.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 13.43 million. The stock has fallen by -25.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the APA stock heading into the next quarter.
