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- 1 APTV stock price opposes its 1-month price analysis.
- 2 Last week APTV stock noted its weekly high at $104.59.
APTV stock showed increased activity that supported its stock price to show a weekly price rise. However, the weekly price analysis of APTV stock is the opposite of its 1-month price analysis which showed a 1.68% price drop. However, in the past months, APTV share further showed a bearish trend with over 10% price decline.
APTV Stock Weekly Price Analysis
This week, APTV stock price rose 4.85% while adding $4.83 in its trading price. This bullish support took APTV share price to note its closing at $104.49. Due to its recent trading activity, supported by active bulls, it surpassed its 200-day EMA.
Although near the recent quarter report, bears have shown their dominance during the trading session. But since the beginning of this week, bulls have taken over control in the trading session as they have shown their market dominance.
It must be noted that APTV stock rose nearly from its 50-day EMA that showed over 1 Million of volume in its recent trading day. Meanwhile, the bulls’ support further took its RSI to follow an uptrend.
The price target set by the analysts for 1 year is at $129.96, up over 24% from the recent closing price of APTV stock. Their maximum estimate is showing at $162.00 while the minimum estimate is at $82.00. Moreover, in the past 3 months, analysts gave a “buy” rating to Aptiv PLC.
The Financial Highlights of Aptiv
Aptiv PLC (NYSE: APTV), an Irish-American automotive technology supplier, has a market cap of nearly $29.55 Billion. Earlier last month, the company released its Q2 2023 report that states its net income is $242.00 Million.
APTV price-to-sales ratio is 1.44 and Aptiv PLC has an Enterprise Value to EBITDA ratio of 13.92. In Q2 2023 company’s earnings per share (EPS) was $1.25 whereas the estimation was $1.01 which accounts for a 23.26% surprise. The revenue for the same period amounts to $5.20 Billion despite the estimated figure of $4.83 Billion.
For the upcoming quarter, the estimated EPS is $1.20, and revenue is expected to reach $5.02 Billion. Last year, the revenue of Aptiv PLC reached $17.49 Billion. Out of which; $12.94 Billion came from its highest performing source at the moment, “signal and power solutions”.
According to Yahoo Finance, over 95% of APTV shares are held by institutions. Vanguard Group Inc., Blackrock Inc., and State Street Corporation are the top 3 institutional holders of APTV Stock.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
