Apple Inc (NASDAQ: AAPL) has seen a rise in its stock price by 0.86 in relation to its previous close of 175.04. However, the company has experienced a 4.11% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-14 that The Magnificent 7 stocks stood head and shoulders above the rest last year. These powerhouse stocks helped the S&P 500 notch fresh highs in 2023, with the index delivering more than a 20% gain.
Is It Worth Investing in Apple Inc (NASDAQ: AAPL) Right Now?
The price-to-earnings ratio for Apple Inc (NASDAQ: AAPL) is above average at 27.47x, Company’s 36-month beta value is 1.27.Analysts have differing opinions on the stock, with 21 analysts rating it as a “buy,” 11 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for AAPL is 15.43B, and currently, short sellers hold a 0.71% ratio of that floaft. The average trading volume of AAPL on April 15, 2024 was 60.79M shares.
AAPL’s Market Performance
AAPL’s stock has seen a 4.11% increase for the week, with a 3.17% rise in the past month and a -4.87% fall in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 1.70% for Apple Inc The simple moving average for the past 20 days is 2.92% for AAPL’s stock, with a -3.43% simple moving average for the past 200 days.
Analysts’ Opinion of AAPL
Many brokerage firms have already submitted their reports for AAPL stocks, with JP Morgan repeating the rating for AAPL by listing it as a “Overweight.” The predicted price for AAPL in the upcoming period, according to JP Morgan is $210 based on the research report published on April 11, 2024 of the current year 2024.
DZ Bank, on the other hand, stated in their research note that they expect to see AAPL reach a price target of $180. The rating they have provided for AAPL stocks is “Hold” according to the report published on March 28th, 2024.
Piper Sandler gave a rating of “Neutral” to AAPL, setting the target price at $190 in the report published on February 02nd of the current year.
AAPL Trading at -0.39% from the 50-Day Moving Average
After a stumble in the market that brought AAPL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.56% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares surge +2.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.26% lower at present.
During the last 5 trading sessions, AAPL rose by +4.11%, which changed the moving average for the period of 200-days by -6.12% in comparison to the 20-day moving average, which settled at $171.73. In addition, Apple Inc saw -8.30% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AAPL starting from COOK TIMOTHY D, who sale 97,227 shares at the price of $168.62 back on Apr 02 ’24. After this action, COOK TIMOTHY D now owns 3,280,180 shares of Apple Inc, valued at $16,394,529 using the latest closing price.
O’BRIEN DEIRDRE, the Senior Vice President of Apple Inc, sale 54,732 shares at $168.91 during a trade that took place back on Apr 02 ’24, which means that O’BRIEN DEIRDRE is holding 136,572 shares at $9,244,782 based on the most recent closing price.
Stock Fundamentals for AAPL
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.45 for the gross margin
The net margin for Apple Inc stands at 0.26. The total capital return value is set at 0.54. Equity return is now at value 154.27, with 28.82 for asset returns.
Based on Apple Inc (AAPL), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 1.08. The debt to equity ratio resting at 1.46. The interest coverage ratio of the stock is 40.5.
Currently, EBITDA for the company is 125.82 billion with net debt to EBITDA at 0.52. When we switch over and look at the enterprise to sales, we see a ratio of 7.24. The receivables turnover for the company is 7.7for trailing twelve months and the total asset turnover is 1.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
In a nutshell, Apple Inc (AAPL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
