The price-to-earnings ratio for Apple Inc (NASDAQ: AAPL) is above average at 33.04x, Company’s 36-month beta value is 1.25.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 15.32B, and currently, short sellers hold a 0.74% ratio of that floaft. The average trading volume of AAPL on June 17, 2024 was 65.44M shares.
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AAPL) stock’s latest price update
Apple Inc (NASDAQ: AAPL)’s stock price has decreased by -0.82 compared to its previous closing price of 214.24. However, the company has seen a 7.92% increase in its stock price over the last five trading sessions. forbes.com reported 2024-06-16 that Cycles Research screens reveal that big-cap tech remains in a leadership role. This status has not changed since last autumn even through corrections.
AAPL’s Market Performance
Apple Inc (AAPL) has seen a 7.92% rise in stock performance for the week, with a 12.00% gain in the past month and a 23.10% surge in the past quarter. The volatility ratio for the week is 4.07%, and the volatility levels for the past 30 days are at 1.97% for AAPL. The simple moving average for the last 20 days is 9.03% for AAPL stock, with a simple moving average of 16.57% for the last 200 days.
Analysts’ Opinion of AAPL
Many brokerage firms have already submitted their reports for AAPL stocks, with DA Davidson repeating the rating for AAPL by listing it as a “Buy.” The predicted price for AAPL in the upcoming period, according to DA Davidson is $230 based on the research report published on June 11, 2024 of the current year 2024.
Itau BBA, on the other hand, stated in their research note that they expect to see AAPL reach a price target of $188, previously predicting the price at $162. The rating they have provided for AAPL stocks is “Market Perform” according to the report published on May 03rd, 2024.
Monness Crespi & Hardt gave a rating of “Buy” to AAPL, setting the target price at $205 in the report published on May 03rd of the current year.
AAPL Trading at 16.44% 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 -3.50% of loss for the given period.
Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 4.07%, as shares surge +11.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.87% upper at present.
During the last 5 trading sessions, AAPL rose by +7.92%, which changed the moving average for the period of 200-days by +15.41% in comparison to the 20-day moving average, which settled at $196.03. In addition, Apple Inc saw 10.37% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AAPL starting from LEVINSON ARTHUR D, who sale 75,000 shares at the price of $191.58 back on May 30 ’24. After this action, LEVINSON ARTHUR D now owns 4,359,576 shares of Apple Inc, valued at $14,368,500 using the latest closing price.
KONDO CHRIS, the Principal Accounting Officer of Apple Inc, sale 4,999 shares at $190.40 during a trade that took place back on May 15 ’24, which means that KONDO CHRIS is holding 29,278 shares at $951,785 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
- 0.46 for the gross margin
The net margin for Apple Inc stands at 0.26. The total capital return value is set at 0.55. Equity return is now at value 147.25, with 29.99 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 1.06. The debt to equity ratio resting at 1.41. The interest coverage ratio of the stock is 59.12.
Currently, EBITDA for the company is 125.82 billion with net debt to EBITDA at 0.58. When we switch over and look at the enterprise to sales, we see a ratio of 8.73. The receivables turnover for the company is 9.27for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In a nutshell, Apple Inc (AAPL) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
