Apple Inc (NASDAQ: AAPL)’s stock price has increased by 1.31 compared to its previous closing price of 229.87. However, the company has seen a 2.13% increase in its stock price over the last five trading sessions. reuters.com reported 2024-11-25 that Brazilian antitrust regulator Cade said on Monday that Apple must lift restrictions on payment methods for in-app purchases, among other things, as the watchdog moved to proceed with an investigation into a complaint filed by Latin America e-commerce giant MercadoLibre.
Is It Worth Investing in Apple Inc (NASDAQ: AAPL) Right Now?
Apple Inc (NASDAQ: AAPL) has a price-to-earnings ratio that is above its average at 38.36x. The stock has a 36-month beta value of 1.23. Opinions on the stock are mixed, with 24 analysts rating it as a “buy,” 11 as “overweight,” 12 as “hold,” and 1 as “sell.”
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The public float for AAPL is 15.10B, and at present, short sellers hold a 0.88% of that float. On November 26, 2024, the average trading volume of AAPL was 47.77M shares.
AAPL’s Market Performance
The stock of Apple Inc (AAPL) has seen a 2.13% increase in the past week, with a 0.63% rise in the past month, and a 2.12% gain in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 1.56% for AAPL. The simple moving average for the past 20 days is 2.62% for AAPL’s stock, with a 13.56% 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 $202 based on the research report published on November 19, 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 $275, previously predicting the price at $300. The rating they have provided for AAPL stocks is “Buy” according to the report published on November 04th, 2024.
Maxim Group gave a rating of “Hold” to AAPL, setting the target price at $215 in the report published on November 01st of the current year.
AAPL Trading at 2.11% 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 -1.95% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares sank -0.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.65% upper at present.
During the last 5 trading sessions, AAPL rose by +2.13%, which changed the moving average for the period of 200-days by +23.31% in comparison to the 20-day moving average, which settled at $226.93. In addition, Apple Inc saw 20.95% 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 $228.66 back on Nov 18 ’24. After this action, LEVINSON ARTHUR D now owns 4,209,576 shares of Apple Inc, valued at $17,149,500 using the latest closing price.
LEVINSON ARTHUR D, the Director of Apple Inc, sale 75,000 shares at $224.68 during a trade that took place back on Nov 15 ’24, which means that LEVINSON ARTHUR D is holding 4,284,576 shares at $16,851,000 based on the most recent closing price.
Stock Fundamentals for AAPL
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.46 for the gross margin
The net margin for Apple Inc stands at 0.24. The total capital return value is set at 0.65. Equity return is now at value 157.41, with 26.13 for asset returns.
Based on Apple Inc (AAPL), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 1.11.
Currently, EBITDA for the company is 134.66 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 9.2. The receivables turnover for the company is 5.9for trailing twelve months and the total asset turnover is 1.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
To sum up, Apple Inc (AAPL) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
