A share price of Apple Inc [AAPL] is currently trading at $226.47, down -0.76%. 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 4.69% over the last week, with a monthly amount glided 0.86%, 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 August 19, 2024, when MoffettNathanson initiated its Neutral rating and assigned the stock a price target of $211. Previously, Monness Crespi & Hardt reaffirmed its Buy rating on August 02, 2024, and elevated its price target to $245. On August 02, 2024, Maxim Group reiterated its Hold rating and revised its price target to $203 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $250 on July 29, 2024. JP Morgan reiterated its recommendation of a Overweight and raised its price target to $265 on July 24, 2024. Loop Capital upgraded its rating to Buy for this stock on July 15, 2024, and upped its price target to $300. In a note dated July 15, 2024, Morgan Stanley reiterated an Overweight rating on this stock and boosted its target price from $216 to $273.
Apple Inc experienced fluctuations in its stock price throughout the past year between $164.07 and $237.23. Currently, Wall Street analysts expect the stock to reach $221.76 within the next 12 months. Apple Inc [NASDAQ: AAPL] shares were valued at $226.47 at the most recent close of the market. An investor can expect a potential drop of -2.08% based on the average AAPL price forecast.
Analyzing the AAPL fundamentals
Trailing Twelve Months sales for Apple Inc [NASDAQ:AAPL] were 385.60B which represents 4.87% growth. Gross Profit Margin for this corporation currently stands at 0.46% 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 0.31, Equity is 1.47 and Total Capital is 0.6. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.52.
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 225.04 points at the first support level, and at 223.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 228.68, and for the 2nd resistance point, it is at 230.88.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Apple Inc [NASDAQ:AAPL] is 0.95. Also, the Quick Ratio is 0.91, while the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 8.93, the price to book ratio is 51.68 and price to earnings (TTM) ratio is 34.48.
Transactions by insiders
Recent insider trading involved KONDO CHRIS, Principal Accounting Officer, that happened on Aug 15 ’24 when 8706.0 shares were sold. Principal Accounting Officer, KONDO CHRIS completed a deal on Aug 09 ’24 to sell 5178.0 shares. Meanwhile, SVP, GC and Secretary Adams Katherine L. sold 100000.0 shares on Aug 05 ’24.
