As of Wednesday close, Apple Inc.’s (NASDAQ:AAPL) stock was up $0.89, moving up 0.59 percent to $151.07. The average number of shares traded per day over the past five days has been 64,809,660 shares. 2 times new highs have been achieved over the past 5 days, with a $2.28 gain in that time frame. In the last twenty days, the average volume was 89,857,297, while in the previous 50 days, it was 91,949,609.
Since last month, AAPL stock retreated -0.83%. Shares of the company fell to $134.38 on 11/04/22, 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 -14.92% or -$26.50, and marked a new high 2 times. However, the stock has declined by -17.42% since its 52-week high.
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AAPL stock investors should be aware that Apple Inc. (AAPL) stock had its last reported insider trading activity 3 days ago on Nov 22. KONDO CHRIS, the Principal Accounting Officer of the company, disposed of 20,200 shares for $148.72 on Nov 22. It resulted in a $3,004,144 divestment by the insider. Maestri Luca sold 176,299 shares at an average price of $155.95 on Oct 28. The insider now owns 110,673 shares following the transaction. On Oct 17, Senior Vice President O’BRIEN DEIRDRE sold 8,053 shares at $142.45 apiece. The transaction was valued at $1,147,150.
Right now, Apple Inc. (AAPL) has a P/E ratio of about 24.76. The stock’s beta is 1.25. Besides these, the trailing price-to-sales (P/S) ratio of 6.07, the price-to-book (PB) ratio of 47.81, and the price-to-cash flow ratio of 24.78 may also be considered.
The latest dividend of $0.23 per share was paid out, remained unchanged from last year’s $0.23. On Thursday April 28 2022, a $0.01 dividend increase was announced.
In the three months ended September 29, Apple Inc.’s quick ratio stood at 0.80, 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 September 29 was 1.95, and the total debt-to-equity ratio was 2.37. On the profitability front, the trailing twelve-month gross margin is 43.30% percent. In the year ended September 29, operating margins totaled 30.30%. Based on annual data, AAPL earned $170.78 billion in gross profit and brought in $394.33 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 58.30%. Return on equity (ROE) for the past 12 months was 160.90%.
In Apple Inc.’s quarter-end financial report for September 29, it reported total debt of $98.96 billion against cash and short-term investments of $24.66 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AAPL’s revenue rose 7.53% to $82.96 billion during the quarter, while net income inched up to $90.15 billion. While analysts expected Apple Inc. to report $1.27 quarterly earnings, the actual figure was $1.29 per share, beating the consensus estimate by 1.60%. During the quarter, the company generated $27.76 billion in EBITDA. The liabilities of Apple Inc. were 302.08 billion at the end of its most recent quarter ended September 29, and its total debt was $132.48 billion. The value of shareholders’ equity is $15.91 billion.
This quick technical analysis looks at Apple Inc.’s (AAPL) price momentum. With a historical volatility rate of 20.22%, the RSI 9-day stood at 57.99% on 23 November.
With respect to its five-day moving average, the current Apple Inc. price is up by +1.53% percent or $2.28. At present, AAPL shares trade +1.15% above its 20-day simple moving average and +6.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.73% below its SMA50 and -13.59% below its SMA200.
Stochastic coefficient K was 80.03% and Stochastic coefficient D was 78.03%, while ATR was 4.50. Given the Stochastic reading of 86.88% for the 14-day period, the RSI (14) reading has been calculated as 55.13%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at 3.57.
Wedbush reiterated its an Outperform rating on Apple Inc. (NASDAQ: AAPL) in a note to investors. The analysts firm has however raised their price target to $200, representing a possible 31.33% increase in the stock price. Apple Inc. (AAPL) has been rated Overweight by analysts. According to 2 brokerage firms, AAPL is a sell, and 8 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 $176.50, the current consensus forecast for the stock is $122.00 – $200.00. Based on these forecasts, analysts predict Apple Inc. (AAPL) will achieve an average price target of $175.69.