Why Apogee Enterprises Inc’s (APOG) Stock Is Down 5.64%

By Cynthia McLaughlin
August 02, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Apogee Enterprises Inc before investing.

In this article, we go over a few key elements for understanding Apogee Enterprises Inc’s stock price such as:

  • Apogee Enterprises Inc’s current stock price and volume
  • Why Apogee Enterprises Inc’s stock price changed recently
  • Upgrades and downgrades for APOG from analysts
  • APOG’s stock price momentum as measured by its relative strength

About Apogee Enterprises Inc (APOG)

Before we jump into Apogee Enterprises Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Apogee Enterprises, Inc. is a provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used for preservation, energy conservation, and enhanced viewing. The Company's segments include Architectural Framing Systems, Architectural Glass, Architectural Services and Large-Scale Optical (LSO). Architectural Framing Systems segment designs, engineers, fabricates and finishes aluminum window, curtainwall, storefront and entrance systems for the exterior of buildings. Architectural Glass segment coats and fabricates high-performance glass used in custom window and wall systems on non-residential buildings. Architectural Services segment integrates technical services, project management, and field installation services to design, engineer, fabricate, and install building glass and curtainwall systems. LSO segment manufactures high-performance glazing products for the custom framing, fine art, and engineered optics markets.

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Apogee Enterprises Inc’s Stock Price as of Market Close

As of August 02, 2024, 4:00 PM, CST, Apogee Enterprises Inc’s stock price was $63.74.

Apogee Enterprises Inc is down 5.64% from its previous closing price of $67.55.

During the last market session, Apogee Enterprises Inc’s stock traded between $66.88 and $70.64. Currently, there are 21.82 million shares of Apogee Enterprises Inc stock available for purchase.

Apogee Enterprises Inc’s price-earnings (P/E) ratio is currently at 13.9, which is low compared to the Construction Supplies & Fixtures industry median of 19.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Apogee Enterprises Inc Stock Price History

Apogee Enterprises Inc’s (APOG) price is currently down 7.14% so far this month.

During the month of August, Apogee Enterprises Inc’s stock price has reached a high of $70.64 and a low of $62.91.

Over the last year, Apogee Enterprises Inc has hit prices as high as $70.64 and as low as $41.01. Year to date, Apogee Enterprises Inc’s stock is up 43.36%.

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What Caused Apogee Enterprises Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 01, 2024, there was 1 analyst who downgraded Apogee Enterprises Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Apogee Enterprises Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Apogee Enterprises Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Apogee Enterprises Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Apogee Enterprises Inc (APOG) by visiting AAII Stock Evaluator.

Relative Price Strength of Apogee Enterprises Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 01, 2024, Apogee Enterprises Inc has a weighted four-quarter relative price strength of 2.37%, which translates to a Momentum Score of 74 and is considered to be Strong.

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Apogee Enterprises Inc Stock Price: Bottom Line

As of August 2, 2024, Apogee Enterprises Inc’s stock price is $63.74, which is down 5.64% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Apogee Enterprises Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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