Apple Inc. (AAPL) Reached A New High 5 times During The Past Five Days

As of Thursday close, Apple Inc.’s (NASDAQ:AAPL) stock was up $2.92, moving up 2.16 percent to $138.27. The average number of shares traded per day over the past five days has been 93,857,281 shares. 5 times new highs have been achieved over the past 5 days, with a $2.84 gain in that time frame. In the last twenty days, the average volume was 86,759,633, while in the previous 50 days, it was 98,042,977.

Since last month, AAPL stock retreated -3.38%. Shares of the company fell to $129.04 on 06/16/22, the lowest level in the past month. A 52-week high of $182.94 was reached on 01/04/22 after having rallying from a 52-week low of $129.04. Since the beginning of this year, AAPL’s stock price has dropped by -22.13% or -$39.30, and marked a new high 2 times. However, the stock has declined by -24.42% since its 52-week high.

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Apple Inc. (AAPL) last reported insider trading activity 51 days ago on May 04. Adams Katherine L., the SVP, GC and Secretary of the company, disposed of 25,000 shares for $161.72 on May 04. It resulted in a $4,042,888 divestment by the insider. O’BRIEN DEIRDRE sold 8,000 shares at an average price of $164.91 on Apr 18. The insider now owns 136,290 shares following the transaction. On Apr 04, COO WILLIAMS JEFFREY E sold 105,901 shares at $177.75 apiece. The transaction was valued at $18,824,389.

Valuation Metrics

Right now, Apple Inc. (AAPL) has a P/E ratio of about 22.48. The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 5.73, the price-to-book (PB) ratio of 33.40, and the price-to-cash flow ratio of 24.30 may also be considered.

The latest dividend of $0.23 per share was paid out, which is 4.55% more than last year’s $0.22. On Thursday April 28 2022, a $0.01 dividend increase was announced.

Financial Health

In the three months ended March 30, Apple Inc.’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.53, and the total debt-to-equity ratio was 1.78. On the profitability front, the trailing twelve-month gross margin is 43.30% percent. In the year ended March 30, EBITDA margin amounted to 32.87%, whereas operating margins totaled 30.90%. Based on annual data, AAPL earned $152.84 billion in gross profit and brought in $365.82 billion in revenue.

In Apple Inc.’s quarter-end financial report for March 30, it reported total debt of $103.32 billion against cash and short-term investments of $23.41 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AAPL’s revenue rose 7.91% to $123.94 billion during the quarter, while net income inched up to $97.28 billion. While analysts expected Apple Inc. to report $1.43 quarterly earnings, the actual figure was $1.52 per share, beating the consensus estimate by 6.30%. During the quarter, the company generated $32.72 billion in EBITDA. The liabilities of Apple Inc. were 283.26 billion at the end of its most recent quarter ended March 30, and its total debt was $119.98 billion. The value of shareholders’ equity is $16.19 billion.

Technical Picture

This quick technical analysis looks at Apple Inc.’s (AAPL) price momentum. With a historical volatility rate of 43.18%, the RSI 9-day stood at 48.75% on 23 June.

With respect to its five-day moving average, the current Apple Inc. price is up by +2.10% percent or $2.84. At present, AAPL shares trade -1.49% below its 20-day simple moving average and -18.82% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.58% below its SMA50 and -11.76% below its SMA200.

Stochastic coefficient K was 34.26% and Stochastic coefficient D was 24.96%, while ATR was 4.64. Given the Stochastic reading of 44.31% for the 14-day period, the RSI (14) reading has been calculated as 45.45%. As of today, the MACD Oscillator reading stands at 2.24, while the 14-day reading stands at -2.01.

Analyst Ratings

Loop Capital reiterated its a Buy rating on Apple Inc. (NASDAQ: AAPL) in a note to investors. The analysts firm has however raised their price target to $180, representing a possible 34.16% increase in the stock price. Apple Inc. (AAPL) has been rated Overweight by analysts. According to 0 brokerage firms, AAPL is a sell, and 10 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 5 analysts rate Apple Inc. stock as buy, with 27 recommending it as overweight.

With a median target price of $190.00, the current consensus forecast for the stock is $145.00 – $219.94. Based on these forecasts, analysts predict Apple Inc. (AAPL) will achieve an average price target of $186.26.


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