Apple Inc (NASDAQ:AAPL) does about 68.59M shares in volume on a normal day but saw 57665755 shares change hands in Tuesday trading. The company now has a market cap of 3377.64B USD. Its current market price is $220.27, marking an increase of 1.62% compared to the previous close of $216.75. The 52 week high reached by this stock is $220.20 whilst the lowest price level in 52 weeks is $164.07.
Apple Inc (AAPL) has a 20-day trading average at $208.10 and the current price is 0.03% off the 52-week high compared with 34.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $192.78 and its 200-day simple moving average is $184.13. If we look at the stock’s price movements over the week, volatility stands at 2.29%, which increases to 2.51% 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 70.32 to suggest the stock is overbought.
The consensus objective for the share price is $212.96, suggesting that the stock has a potential downside of -3.43% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 28, 2024 when Oppenheimer reiterated the stock to “Outperform” and issued a price target of between $200 and $250. Rosenblatt upgraded the stock to “Buy” from Neutral on June 26, 2024 at a price target of $196-$260. Maxim Group reiterated its price target at $178-$195.
Apple Inc (AAPL) stock is up 5.36% over the week and 14.57% over the past month. Its price is 14.41% year-to-date and 13.56% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -3.43 percent from here.
The company has a return on investment of 60.47% and return on equity of 147.25%. The price to earnings ratio (P/E ratio) amounts to 34.25 while the forward price to earnings ratio is 30.32. The beta has a value of 1.24. Price to book ratio is 45.54 and price to sales ratio is 8.85.
