Apple Inc (NASDAQ:AAPL) saw an upside of 0.74% to close Monday at $176.08 after adding $1.29 on the day. The 5-day average trading volume is 55,262,020 shares of the company’s common stock. It has gained $179.70 in the past week and touched a new high 2 times within the past 5 days. An average of 65,831,977 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 59,955,441.
AAPL’s 1-month performance is -0.17% or -$2.53 on its low of $173.54 reached on 09/07/23. The company’s shares have touched a 52-week low of $124.17 and high of $198.23, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, AAPL has achieved 35.52% or $46.15 and has reached a new high 44 times. However, the current price is down -11.17% from the 52-week high price.
Insider Transactions
AAPL stock investors last saw insider trading activity on Aug 07.O’BRIEN DEIRDRE (Senior Vice President) most recently sold 15,419 shares at $178.56 per share on Aug 07. This transaction cost the insider $2,753,217. Principal Accounting Officer, KONDO CHRIS, sold 4,092 shares at a price of $173.26 on May 08. Then, on Apr 13, Senior Vice President, CFO Maestri Luca sold 69,996 shares at a price of $165.25 per share. This transaction amounted to $11,566,839.
Valuation Metrics
AAPL stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.17 while the price-to-book (PB) in the most recent quarter is 45.71, with the price to cash flow ratio at 27.26.
Apple Inc’s quick ratio for the period ended June 29 was 0.92, with the current ratio over the same period at 0.98. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.63, while the total debt to equity was 1.81. In terms of profitability, the gross margin trailing 12 months is 43.45%. The trailing 12-month EBITDA margin is 33.10% while for the period ending June 29, Apple Inc’s operating margin was 29.23%. The firm’s gross profit as reported stood at $170.78 billion against revenue of $394.33 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 2.21% to $19.88 billion, while revenue of $24.16 billion was -21.52% off the previous quarter. Analysts expected AAPL to announce $1.12 per share in earnings in its latest quarter, but it posted $1.18, representing a 5.40% surprise. EBITDA for the quarter stood at more than $26.05 billion. AAPL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 274.76 billion, with total debt at $109.28 billion. Shareholders hold equity totaling $15.63 billion.
Let’s look briefly at Apple Inc (AAPL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 44.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.72%.
The stock’s 5-day moving average is $175.87, reflecting a -1.06% or -$1.89 change from its current price. AAPL is currently trading -1.42% above its 20-day SMA, +4.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.66% and SMA200 by+23.21%.
Stochastic %K and %D was 8.86% and 10.70% and the average true range (ATR) pointed at 3.45. The RSI (14) points at 44.40%, while the 14-day stochastic is at 16.59% with the period’s ATR at 3.49. The stock’s 9-day MACD Oscillator is pointing at -0.88 and -1.97 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Apple Inc (NASDAQ: AAPL), Wedbush reiterated its an Outperform rating for the company but lifted their price target by $230 to $240. Analysts offering their rating for AAPL stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate AAPL as a “sell,”, while 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 5 rates the stock as overweight while 23 have offered a “buy” rating.
What is AAPL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $125.00 and a high of $240.00, with their median price target at $200.00. Looking at these predictions, the average price target given by analysts is for Apple Inc (AAPL) stock is $199.93.
