Apple Inc [AAPL] stock prices are up 1.28% to $242.65 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 4.20% over the last week, with a monthly amount glided 8.86%, 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 December 02, 2024, when UBS reiterated its Neutral rating but kept the price target unchanged to $236 for it. Previously, MoffettNathanson reaffirmed its Neutral rating on November 19, 2024, and dropped its price target to $202. On November 04, 2024, Loop Capital reiterated its Buy rating and revised its price target to $275 on the stock. Maxim Group reiterated its Hold rating and increased its price target to $215 on November 01, 2024. KeyBanc Capital Markets downgraded its rating to a Underweight but $200 remained the price target by the analyst firm on October 25, 2024. Jefferies downgraded its rating to Hold for this stock on October 07, 2024, and upped its price target to $212.92. In a note dated August 19, 2024, MoffettNathanson initiated an Neutral rating and provided a target price of $211 on this stock.
The stock price of Apple Inc [AAPL] has been fluctuating between $164.07 and $240.79 over the past year. Currently, Wall Street analysts expect the stock to reach $225.81 within the next 12 months. Apple Inc [NASDAQ: AAPL] shares were valued at $242.65 at the most recent close of the market. An investor can expect a potential drop of -6.94% based on the average AAPL price forecast.
Analyzing the AAPL fundamentals
The Apple Inc [NASDAQ:AAPL] reported sales of 391.04B for trailing twelve months, representing a surge of 6.07%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.87.
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 240.11 points at the first support level, and at 237.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 243.97, and for the 2nd resistance point, it is at 245.30.
Ratios To Look Out For
It’s worth pointing out that Apple Inc [NASDAQ:AAPL]’s Current Ratio is 0.87. Also, the Quick Ratio is 0.83, while the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 9.38, the price to book ratio is 64.41 and price to earnings (TTM) ratio is 39.98.
Transactions by insiders
Recent insider trading involved LEVINSON ARTHUR D, Director, that happened on Nov 18 ’24 when 75000.0 shares were sold. Director, LEVINSON ARTHUR D completed a deal on Nov 15 ’24 to sell 75000.0 shares. Meanwhile, Director LEVINSON ARTHUR D sold 50000.0 shares on Nov 19 ’24.
