Apple Inc [AAPL] stock is trading at $230.76, down -2.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The AAPL shares have lost -0.44% over the last week, with a monthly amount glided 1.49%, 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 October 07, 2024, when Jefferies downgraded its rating to a Hold and also boosted its price target to $212.92 from $205. Previously, MoffettNathanson started tracking the stock with Neutral rating on August 19, 2024, and set its price target to $211. On August 02, 2024, Monness Crespi & Hardt reiterated its Buy rating and revised its price target to $245 on the stock. Maxim Group reiterated its Hold rating and increased its price target to $203 on August 02, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $250 on July 29, 2024. JP Morgan reiterated a Overweight rating for this stock on July 24, 2024, and upped its price target to $265. In a note dated July 15, 2024, Loop Capital upgraded an Buy rating on this stock and boosted its target price from $170 to $300.
Apple Inc [AAPL] stock has fluctuated between $164.07 and $237.49 over the past year. Currently, Wall Street analysts expect the stock to reach $234.48 within the next 12 months. Apple Inc [NASDAQ: AAPL] shares were valued at $230.76 at the most recent close of the market. An investor can expect a potential return of 1.61% based on the average AAPL price forecast.
Analyzing the AAPL fundamentals
Apple Inc [NASDAQ:AAPL] reported sales of 385.60B for the trailing twelve months, which represents a growth 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 227.30 points at the first support level, and at 223.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 234.68, and for the 2nd resistance point, it is at 238.61.
Ratios To Look Out For
For context, Apple Inc’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 9.10, the price to book ratio is 52.66 and price to earnings (TTM) ratio is 35.13.
Transactions by insiders
Recent insider trading involved Maestri Luca, Senior Vice President, CFO, that happened on Oct 04 ’24 when 59305.0 shares were sold. Officer, Luca Maestri completed a deal on Oct 04 ’24 to buy 59305.0 shares. Meanwhile, COO WILLIAMS JEFFREY E sold 59730.0 shares on Oct 02 ’24.
