The price-to-earnings ratio for Apple Inc (NASDAQ: AAPL) is above average at 34.81x. The 36-month beta value for AAPL is also noteworthy at 1.24. 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 15.19B, and at present, short sellers hold a 0.86% of that float. The average trading volume of AAPL on September 27, 2024 was 55.50M shares.
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AAPL) stock’s latest price update
The stock of Apple Inc (NASDAQ: AAPL) has increased by 0.48 when compared to last closing price of 227.52.Despite this, the company has seen a gain of 0.18% in its stock price over the last five trading days. pymnts.com reported 2024-09-27 that Apple reportedly aims to introduce a new smart home device in spring 2025 that brings together the capabilities of an iPad, Apple TV and HomePod.
AAPL’s Market Performance
Apple Inc (AAPL) has experienced a 0.18% rise in stock performance for the past week, with a 0.93% rise in the past month, and a 8.54% rise in the past quarter. The volatility ratio for the week is 1.69%, and the volatility levels for the past 30 days are at 1.90% for AAPL. The simple moving average for the past 20 days is 2.21% for AAPL’s stock, with a 16.04% simple moving average for the past 200 days.
Analysts’ Opinion of AAPL
Many brokerage firms have already submitted their reports for AAPL stocks, with MoffettNathanson repeating the rating for AAPL by listing it as a “Neutral.” The predicted price for AAPL in the upcoming period, according to MoffettNathanson is $211 based on the research report published on August 19, 2024 of the current year 2024.
Monness Crespi & Hardt, on the other hand, stated in their research note that they expect to see AAPL reach a price target of $245, previously predicting the price at $205. The rating they have provided for AAPL stocks is “Buy” according to the report published on August 02nd, 2024.
Maxim Group gave a rating of “Hold” to AAPL, setting the target price at $203 in the report published on August 02nd of the current year.
AAPL Trading at 2.96% 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 -3.64% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares sank -0.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.07% upper at present.
During the last 5 trading sessions, AAPL rose by +0.27%, which changed the moving average for the period of 200-days by +18.44% in comparison to the 20-day moving average, which settled at $223.61. In addition, Apple Inc saw 18.74% 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 KONDO CHRIS, who sale 8,706 shares at the price of $225.00 back on Aug 15 ’24. After this action, KONDO CHRIS now owns 15,419 shares of Apple Inc, valued at $1,958,850 using the latest closing price.
KONDO CHRIS, the Principal Accounting Officer of Apple Inc, sale 5,178 shares at $216.50 during a trade that took place back on Aug 09 ’24, which means that KONDO CHRIS is holding 24,125 shares at $1,121,037 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 0.6. Equity return is now at value 160.58, with 30.59 for asset returns.
Based on Apple Inc (AAPL), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 1.12. The debt to equity ratio resting at 1.52. The interest coverage ratio of the stock is 120.35.
Currently, EBITDA for the company is 125.82 billion with net debt to EBITDA at 0.57. When we switch over and look at the enterprise to sales, we see a ratio of 9.19. The receivables turnover for the company is 8.93for trailing twelve months and the total asset turnover is 1.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In summary, Apple Inc (AAPL) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
