Apple Inc [AAPL] stock prices are down -0.49% to $225.67 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AAPL shares have lost -0.81% over the last week, with a monthly amount glided 2.18%, 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 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.
The stock price of Apple Inc [AAPL] has been fluctuating between $164.07 and $237.23 over the past year. Currently, Wall Street analysts expect the stock to reach $233.03 within the next 12 months. Apple Inc [NASDAQ: AAPL] shares were valued at $225.67 at the most recent close of the market. An investor can expect a potential return of 3.26% based on the average AAPL price forecast.
Analyzing the AAPL fundamentals
The Apple Inc [NASDAQ:AAPL] reported sales of 385.60B for trailing twelve months, representing a surge of 4.87%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.52.
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 223.73 points at the first support level, and at 221.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 227.21, and for the 2nd resistance point, it is at 228.75.
Ratios To Look Out For
It’s worth pointing out that Apple Inc [NASDAQ:AAPL]’s Current Ratio is 0.95. On the other hand, the Quick Ratio is 0.91, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 8.90, the price to book ratio is 51.50 and price to earnings (TTM) ratio is 34.36.
Transactions by insiders
Recent insider trading involved WILLIAMS JEFFREY E, COO, that happened on Oct 02 ’24 when 59730.0 shares were sold. SVP, GC and Secretary, Adams Katherine L. completed a deal on Oct 02 ’24 to sell 61019.0 shares. Meanwhile, Chief Executive Officer COOK TIMOTHY D sold 0.22 million shares on Oct 02 ’24.
