The stock of Apple Inc (AAPL) has seen a -3.02% decrease in the past week, with a 2.01% gain in the past month, and a 28.05% flourish in the past quarter. The volatility ratio for the week is 2.41%, and the volatility levels for the past 30 days are at 2.18% for AAPL. The simple moving average for the last 20 days is -3.07% for AAPL’s stock, with a simple moving average of 15.51% for the last 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 33.83x compared to its average ratio, The 36-month beta value for AAPL is at 1.24. Analysts have varying views on the stock, with 21 analysts rating it as a “buy,” 11 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for AAPL is 15.32B, and currently, shorts hold a 0.88% of that float. The average trading volume for AAPL on July 26, 2024 was 68.11M shares.
AAPL) stock’s latest price update
Apple Inc (NASDAQ: AAPL)’s stock price has soared by 0.02 in relation to previous closing price of 217.49. Nevertheless, the company has seen a loss of -3.02% in its stock price over the last five trading days. techxplore.com reported 2024-07-26 that The White House on Friday said that Apple has joined more than a dozen tech firms committed to following safeguards intended to curb the risks of artificial intelligence.
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 $265 based on the research report published on July 24, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see AAPL reach a price target of $300, previously predicting the price at $170. The rating they have provided for AAPL stocks is “Buy” according to the report published on July 15th, 2024.
Morgan Stanley gave a rating of “Overweight” to AAPL, setting the target price at $273 in the report published on July 15th of the current year.
AAPL Trading at 4.04% 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 -8.30% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares surge +1.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.65% upper at present.
During the last 5 trading sessions, AAPL fell by -3.36%, which changed the moving average for the period of 200-days by +21.11% in comparison to the 20-day moving average, which settled at $224.57. In addition, Apple Inc saw 12.99% 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 0.55. When we switch over and look at the enterprise to sales, we see a ratio of 8.93. 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 conclusion, Apple Inc (AAPL) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
