Apple Inc. [AAPL] shares are up more than 80.31% this year and recently decreased 0.0% or $0.03 to settle at $118.67. Analysts expect AAPL to grow earnings at a 12.64% annual rate over the next 5 years. AAPL has a short ratio of 0.52. This implies that the market is currently less bullish on the outlook for AAPL.

On 19, November 2020, Apple Announces Second Annual Apple Music Awards. According to news published on Yahoo Finance, Lil Baby wins top award of global Artist of the Year; Megan Thee Stallion, Taylor Swift, and Roddy Ricch also honored.

Analyst Birdseye View:

The most recent analyst activity for Apple Inc. [NASDAQ:AAPL] stock was on September 21, 2020, when it was Reiterated with a Buy rating from Citigroup, which also raised its 12-month price target on the stock from $112.50 to $125. Before that, on October 26, 2020, Atlantic Equities Recapitulated an Overweight rating and elevated its amount target to $150. On September 17, 2020, Jefferies Reiterated a Buy rating and boosted its price target on this stock from $116.25 to $135. On September 16, 2020, Needham Reiterated a Buy rating and increased its price target from $112.50 to $140. On September 14, 2020, Oppenheimer Reiterated an Outperform rating and increased its price target to $125. On September 01, 2020, JP Morgan Reiterated an Overweight rating and boosted its amount target on this stock to $150. On September 01, 2020, Cowen Reiterated an Outperform rating and decreased its target amount on this stock from $530 to $133. Monness Crespi & Hardt elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $53.15 and a peak of $137.98. Right now, according to Wall Street analyst the average 12-month amount target is $125.32. At the most recent market close, shares of Apple Inc. [NASDAQ:AAPL] were valued at $118.67. According to the average price forecast, investors can expect a potential return of 7.44%.

FUNDAMENTAL ANALYSIS

Apple Inc. [NASDAQ:AAPL] most recently reported quarterly sales of 64.67 billion, which represented growth of 1.00%. This publicly-traded organization’s revenue is $1,864,966 per employee, while its income is $390,551 per employee. This company’s Gross Margin is currently 38.20%, its Operating Margin is 24.10%, its Pretax Margin is +24.47, and its Net Margin is +20.94. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 17.33, 73.69, 33.84 and 32.37 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 65.17 and the whole liability to whole assets at 37.75. It shows enduring liability to the whole principal at 57.06 and enduring liability to assets at 0.33 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 117.28 points at 1st support level, the second support level is making up to 115.92. But as of 1st resistance point, this stock is sitting at 119.53 and at 120.42 for 2nd resistance point.

Apple Inc. [AAPL] reported its earnings at $0.73 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.7/share signifying the difference of 0.03 and 4.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.64 calling estimates for $0.51/share with the difference of 0.13 depicting the surprise of 25.50%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Apple Inc. [NASDAQ:AAPL] is 1.40. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.86. Now if looking for a valuation of this stock’s amount to sales ratio it’s 7.18, it’s amount to book ratio is 29.17 and showing 36.31 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Adams Katherine L., SVP, GC and Secretary, and it was the sale of 17000.0 shares on Nov 03. O’BRIEN DEIRDRE, the Senior Vice President, completed a sale of 31200.0 shares on Oct 16. On Oct 16, KONDO CHRIS, Principal Accounting Officer, completed a sale of 14840.0 shares.