In the past week, AAPL stock has gone down by -2.05%, with a monthly gain of 9.03% and a quarterly surge of 20.81%. The volatility ratio for the week is 2.68%, and the volatility levels for the last 30 days are 2.35% for Apple Inc The simple moving average for the past 20 days is 3.95% for AAPL’s stock, with a 13.81% simple moving average for the past 200 days.
Is It Worth Investing in Apple Inc (NASDAQ: AAPL) Right Now?
Apple Inc (NASDAQ: AAPL) has a higher price-to-earnings ratio of 32.37x compared to its average ratio. AAPL has 36-month beta value of 1.24. Analysts have mixed views on the stock, with 21 analysts rating it as a “buy,” 11 as “overweight,” 6 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for AAPL is 15.32B, and currently, short sellers hold a 0.74% ratio of that float. The average trading volume of AAPL on June 25, 2024 was 67.93M shares.
AAPL) stock’s latest price update
Apple Inc (NASDAQ: AAPL)’s stock price has increased by 0.31 compared to its previous closing price of 207.49. However, the company has seen a -2.05% decrease in its stock price over the last five trading sessions. fool.com reported 2024-06-24 that Nvidia is the most recent company to reach a market cap of $3 trillion, largely thanks to the company’s growing AI chip and data center business. Microsoft’s investment in OpenAI has so far appeared to be a good bet, as artificial intelligence (AI) is now ingrained across Windows and other platforms operated by the company.
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 $245 based on the research report published on June 18, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see AAPL reach a price target of $230, previously predicting the price at $200. The rating they have provided for AAPL stocks is “Buy” according to the report published on June 11th, 2024.
Itau BBA gave a rating of “Market Perform” to AAPL, setting the target price at $188 in the report published on May 03rd of the current year.
AAPL Trading at 11.42% 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 -5.48% of loss for the given period.
Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +11.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.91% upper at present.
During the last 5 trading sessions, AAPL fell by -2.05%, which changed the moving average for the period of 200-days by +13.79% in comparison to the 20-day moving average, which settled at $201.29. In addition, Apple Inc saw 8.11% 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 8.56. 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
To put it simply, Apple Inc (AAPL) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
