The stock of Apple Inc. (NASDAQ:AAPL) increased by $1.58 on Monday to finish at $180.19, up 0.88 percent. The last five days have seen an average of 49,004,539 shares of common stock traded. 44 times new highs were reached in the current year, with a gain of $50.26. The average number of shares traded over the last 20 days was 57,460,191, while the average volume over the last 50 days totaled 54,642,023.
AAPL stock dropped -7.99% since last month. On 08/18/23, the company’s shares reached a one-month low of $171.96. The stock touched a high of $198.23 on 07/19/23, after rallying from a low of $124.17 in 52 weeks. The price of AAPL stock has risen by 38.68% or $50.26 this year, reaching a new high 44 times. Still, the stock price is down -9.10% from the 52-week high.
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Insider Transactions
AAPL stock investors should be aware that Apple Inc. (AAPL) stock had its last reported insider trading activity 22 days ago on Aug 07. On Aug 07, Senior Vice President O’BRIEN DEIRDRE sold 15,419 shares at $178.56 each. This transaction resulted in the insider making $2,753,217. On May 08, KONDO CHRIS sold 4,092 shares at a price of US$173.26. After the transaction, the insider now owns 33,946 shares. Senior Vice President, CFO Maestri Luca had earlier sold 69,996 shares on Apr 13 for $165.25 a share. The transaction was completed for $11,566,839.
Valuation Metrics
Apple Inc. (AAPL) has a trailing price-to-earnings (P/E) ratio of 30.28. Beta for the stock is 1.28. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.25, the price-to-book (PB) ratio of 46.92, and the price-to-cash flow ratio of 27.55.
Company paid $0.24 per share in dividends, remained unchanged from $0.24 last year. A $0.01 dividend increase was reported on Thursday May 4 2023.
Financial Health
For the three months ended June 29, Apple Inc.’s quick ratio was 0.90, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.63, and the total debt to equity ratio is 1.81. As far as profitability goes, gross margin for the trailing twelve months is 43.40% percent. Apple Inc.’s EBITDA margin for the year ended June 29 was 33.10%, whereas its operating margin stood at 29.20% for the same period. Based on annual data, it had gross profit of $170.78 billion and revenue of $394.33 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AAPL’s return on assets (ROA) during the last 12 months has been 27.70%. There was a 58.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 164.90%.
Earnings Surprise
According to Apple Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $81.8 billion, while revenues fell by -1.42% to $94.84 billion. It was predicted that Apple Inc.’s quarterly earnings would be $1.17, but it ended up being $1.11, beating the consensus by 5.40%. EBITDA was $26.05 billion for the quarter. At the end of Apple Inc.’s most recent quarter ended June 29, its liabilities totaled 274.76 billion, while its total debt was $109.28 billion. Equity owned by shareholders amounts to $15.63 billion.
Technical Picture
Here’s a quick look at Apple Inc.’s (AAPL) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 50.82%, suggesting the stock is Neutral, with a 22.11% historical volatility rate.
The stochastic %K and %D were 64.91% and 54.20% respectively, while the average true range (ATR) was 3.19. Based on the 14-day stochastic reading of 85.82%, the RSI (14) reading is 47.10%. On the 9-day MACD Oscillator, the stock is at 1.23, and the 14-day reading is at 0.87.
Analyst Ratings
In a note to investors, Wedbush maintained its an Outperform rating on Apple Inc. (NASDAQ: AAPL). However, the firm raised their price target to $230, indicating a possible increase of 18.1% in the stock price. Analysts have assigned Apple Inc. (AAPL) an Overweight rating. AAPL is a stock that is recommended for selling by 1 brokerage firm, while 14 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 4 rates it overweight and 25 others recommend it as a buy.
What is AAPL’s price target for the next 12 months?
The current consensus forecast for the stock is between $160.00 and $240.00, with a median target price of $200.00. In analyzing these forecasts, the average price target given by analysts for Apple Inc. (AAPL) is $201.78.
