A share price of Apple Inc [AAPL] is currently trading at $228.22, up 1.38%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AAPL shares have gain 0.33% over the last week, with a monthly amount drifted -1.54%, and not 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 November 04, 2024, when Loop Capital reiterated its Buy rating and also revised its price target to $275 from $300. Previously, Maxim Group reaffirmed its Hold rating on November 01, 2024, and elevated its price target to $215. On October 25, 2024, downgrade downgraded it’s rating to Underweight but maintained its price target of $200 on the stock. Jefferies downgraded its rating to a Hold and increased its price target to $212.92 on October 07, 2024. MoffettNathanson initiated its recommendation with a Neutral and recommended $211 as its price target on August 19, 2024. Monness Crespi & Hardt reiterated a Buy rating for this stock on August 02, 2024, and upped its price target to $245. In a note dated August 02, 2024, Maxim Group reiterated an Hold rating on this stock and boosted its target price from $195 to $203.
Apple Inc experienced fluctuations in its stock price throughout the past year between $164.07 and $237.49. Currently, Wall Street analysts expect the stock to reach $225.3 within the next 12 months. Apple Inc [NASDAQ: AAPL] shares were valued at $228.22 at the most recent close of the market. An investor can expect a potential drop of -1.28% based on the average AAPL price forecast.
Analyzing the AAPL fundamentals
Trailing Twelve Months sales for Apple Inc [NASDAQ:AAPL] were 391.04B which represents 6.07% growth. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.26, Equity is 1.38 and Total Capital is 0.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.87.
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 225.86 points at the first support level, and at 223.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 229.73, and for the 2nd resistance point, it is at 231.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Apple Inc [NASDAQ:AAPL] is 0.87. In addition, the Quick Ratio stands at 0.83 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 8.82, the price to book ratio is 60.58 and price to earnings (TTM) ratio is 37.60.
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.
