Apple Inc [AAPL] stock prices are down -1.83% to $170.33 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AAPL shares have gain 2.06% over the last week, with a monthly amount glided 0.18%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Apple Inc [NASDAQ: AAPL] stock has seen the most recent analyst activity on April 29, 2024, when Bernstein upgraded its rating to a Outperform but kept the price target unchanged to $195 for it. Previously, Maxim Group started tracking the stock with Hold rating on April 17, 2024, and set its price target to $178. On April 11, 2024, JP Morgan reiterated its Overweight rating and revised its price target to $210 on the stock. DZ Bank downgraded its rating to a Hold but stick to its price target of $180 on March 28, 2024. Piper Sandler reiterated its recommendation of a Neutral and reduced its price target to $190 on February 02, 2024. Monness Crespi & Hardt reiterated a Buy rating for this stock on February 02, 2024, and upped its price target to $200. In a note dated February 02, 2024, JP Morgan reiterated an Overweight rating on this stock and revised its target price from $225 to $215.
The stock price of Apple Inc [AAPL] has been fluctuating between $164.07 and $199.62 over the past year. Currently, Wall Street analysts expect the stock to reach $190.86 within the next 12 months. Apple Inc [NASDAQ: AAPL] shares were valued at $170.33 at the most recent close of the market. An investor can expect a potential return of 12.05% based on the average AAPL price forecast.
Analyzing the AAPL fundamentals
The Apple Inc [NASDAQ:AAPL] reported sales of 385.71B for trailing twelve months, representing a surge of 2.07%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.29, Equity is 1.56 and Total Capital is 0.54. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 168.56 points at the first support level, and at 166.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 173.55, and for the 2nd resistance point, it is at 176.76.
Apple Inc [AAPL] reported earnings per share of $2.18 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.1/share, meaning a difference of $0.08 and a surprise factor of 3.80%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $1.46 per share as compared to estimates of $1.39 per share, a difference of $0.07 representing a surprise of 5.00%.
Ratios To Look Out For
It’s worth pointing out that Apple Inc [NASDAQ:AAPL]’s Current Ratio is 1.07. Also, the Quick Ratio is 1.02, while the Cash Ratio stands at 0.3. Considering the valuation of this stock, the price to sales ratio is 6.82, the price to book ratio is 35.54 and price to earnings (TTM) ratio is 26.50.
Transactions by insiders
Recent insider trading involved WILLIAMS JEFFREY E, COO, that happened on Apr 11 ’24 when 59162.0 shares were sold. Senior Vice President, CFO, Maestri Luca completed a deal on Apr 11 ’24 to sell 53194.0 shares. Meanwhile, Chief Executive Officer COOK TIMOTHY D sold 97227.0 shares on Apr 02 ’24.
