Apple Inc (NASDAQ: AAPL) has a price-to-earnings ratio of 25.67x that is above its average ratio. Additionally, the 36-month beta value for AAPL is 1.27. There are mixed opinions on the stock, with 21 analysts rating it as a “buy,” 11 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for AAPL is 15.43B and currently, short sellers hold a 0.71% ratio of that float. The average trading volume of AAPL on April 22, 2024 was 61.59M shares.
AAPL) stock’s latest price update
The stock price of Apple Inc (NASDAQ: AAPL) has plunged by -1.22 when compared to previous closing price of 167.04, but the company has seen a -6.54% decline in its stock price over the last five trading sessions. Market Watch reported 2024-04-21 that The so-called Magnificent Seven — Apple Inc., Nvidia Corp., Microsoft Corp., Tesla Inc. Google parent Alphabet Inc., Amazon.com, Meta Platforms Inc., the parent of Facebook and Instagram — have done the heavy lifting for the U.S. stock market since last year’s massive artificial intelligence stock-buying bender.
AAPL’s Market Performance
AAPL’s stock has fallen by -6.54% in the past week, with a monthly drop of -7.65% and a quarterly drop of -13.87%. The volatility ratio for the week is 1.98% while the volatility levels for the last 30 days are 1.73% for Apple Inc The simple moving average for the past 20 days is -3.24% for AAPL’s stock, with a -9.51% simple moving average for the past 200 days.
Analysts’ Opinion of AAPL
Many brokerage firms have already submitted their reports for AAPL stocks, with Maxim Group repeating the rating for AAPL by listing it as a “Hold.” The predicted price for AAPL in the upcoming period, according to Maxim Group is $178 based on the research report published on April 17, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see AAPL reach a price target of $210, previously predicting the price at $215. The rating they have provided for AAPL stocks is “Overweight” according to the report published on April 11th, 2024.
DZ Bank gave a rating of “Hold” to AAPL, setting the target price at $180 in the report published on March 28th of the current year.
AAPL Trading at -6.05% 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 -17.34% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -3.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.89% lower at present.
During the last 5 trading sessions, AAPL fell by -6.54%, which changed the moving average for the period of 200-days by -13.76% in comparison to the 20-day moving average, which settled at $170.21. In addition, Apple Inc saw -14.30% 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 WILLIAMS JEFFREY E, who sale 59,162 shares at the price of $172.22 back on Apr 11 ’24. After this action, WILLIAMS JEFFREY E now owns 489,944 shares of Apple Inc, valued at $10,188,880 using the latest closing price.
Maestri Luca, the Senior Vice President, CFO of Apple Inc, sale 53,194 shares at $174.12 during a trade that took place back on Apr 11 ’24, which means that Maestri Luca is holding 107,788 shares at $9,261,933 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 6.78. 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 conclusion, Apple Inc (AAPL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
