Apple Inc (NASDAQ:AAPL) does about 60.63M shares in volume on a normal day but saw 54181622 shares change hands in Monday trading. The company now has a market cap of 2638.25B USD. Its current market price is $170.85, marking a decrease of -0.83% compared to the previous close of $172.28. The 52 week high reached by this stock is $199.62 whilst the lowest price level in 52 weeks is $155.98.
Apple Inc (AAPL) has a 20-day trading average at $174.21 and the current price is -14.41% off the 52-week high compared with 9.53% distance from its 52-week low. The 50-day simple moving average of the closing price is $182.03 and its 200-day simple moving average is $183.68. If we look at the stock’s price movements over the week, volatility stands at 2.25%, which decreases to 1.83% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 39.05 to suggest the stock is neutral.
The consensus objective for the share price is $199.20, suggesting that the stock has a potential upside of 14.23% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 02, 2024 when Piper Sandler reiterated the stock to “Neutral” and issued a price target of between $205 and $190. JP Morgan reiterated its price target at $225-$215.
Apple Inc (AAPL) stock is down -1.65% over the week and -6.39% over the past month. Its price is -11.26% year-to-date and 7.50% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $2.01 above consensus estimates by $0.08. AAPL’s earnings per share are forecast to shrink by -1.50% this year and 9.10% over next year. Expected sales for next quarter are $77.21 billion, which analysts say will come at $357.11 billion for the current fiscal year and next year at $380.14 billion. In addition, estimates put the company’s current quarterly revenue at an average of $83.56 billion.
To reach the target analysts have set, the stock logically needs to grow 14.23 percent from here.
Outstanding shares total 15.55B with insiders holding 5.94% of the shares and institutional holders owning 56.70% of the company’s common stock. The company has a return on investment of 59.65% and return on equity of 154.27%. The price to earnings ratio (P/E ratio) amounts to 26.58 while the forward price to earnings ratio is 23.91. The beta has a value of 1.28. Price to book ratio is 35.65 and price to sales ratio is 6.84.
