Apple Inc (NASDAQ: AAPL) Recovers 15.63% From 52-Week Low, Is AAPL Still A High-Risk, High-Reward Play?

Apple Inc (NASDAQ:AAPL) currently has a daily average trading volume of 64.53M but it saw 70234321 shares traded in last market. With a market cap of 2909.19B USD, the company’s current market price of $189.72 came rising about 1.22 while comparing to the previous closing price of $187.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $199.62 and as low as $164.07.

Taking a look at 20-day trading activity of Apple Inc (AAPL) gives us an average price of $176.02, while its current price level is -4.96% below from 52-week high level whereas it is 15.63% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $173.28 while that of 200 days or SMA-200 reads an average of $180.82. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.44% during that period while stretching the period over a month that increases to 1.64%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 70.82 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Itau BBA which upgraded the stock as “Market Perform” in its note to investors issued on May 03, 2024, recommending a price target of between $162 and $188 for it. Bernstein also issued its recommendations for the stock as it upgraded the price target for the stock is $195.

Over the week, AAPL’s stock price is moving 3.82% up while it is 12.01% when we observe its performance for the past one month. Year-to-date it is -1.46% down and over the past year, the stock is showing an upside performance of 10.26%.

Currently, Apple Inc’s total number of outstanding shares is 15.55B. Company’s return on investment (ROI) stands at 60.47% and return on equity (ROE) at 147.25%. It has a price to earnings ratio (P/E ratio) of 29.50 while having a 26.37 of forward P/E ratio. Stock’s beta reads 1.24. Stock has a price to book (P/B) ratio of 39.22 while price to sale or P/S ratio amounts to 7.62. Its return on asset (ROA) is 29.99% on average.