Apple Inc (NASDAQ: AAPL) closed the day trading at $169.71 down -0.67% from the previous closing price of $170.85. In other words, the price has decreased by -$1.14 from its previous closing price. On the day, 57177340 shares were traded.
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Ratios:
For a better understanding of AAPL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 35.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.52. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 1.46 whereas as Long-Term Debt/Eq ratio is at 1.28.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Piper Sandler on February 02, 2024, Reiterated its Neutral rating but revised its target price to $190 from $205 previously.
On February 02, 2024, Monness Crespi & Hardt reiterated its Buy rating and also lowered its target price recommendation from $189 to $200.
JP Morgan reiterated its Overweight rating for the stock on February 02, 2024, while the target price for the stock was revised from $225 to $215.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 29 ’24 when LEVINSON ARTHUR D sold 100,000 shares for $180.94 per share. The transaction valued at 18,094,000 led to the insider holds 4,434,576 shares of the business.
KONDO CHRIS sold 5,513 shares of AAPL for $1,058,496 on Nov 29 ’23. The Principal Accounting Officer now owns 29,174 shares after completing the transaction at $192.00 per share. On Nov 17 ’23, another insider, Adams Katherine L., who serves as the SVP, GC and Secretary of the company, sold 123,448 shares for $188.79 each. As a result, the insider received 23,305,748 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AAPL now has a Market Capitalization of 2.62T and an Enterprise Value of 2.66T. As of this moment, Apple’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.41, and their Forward P/E ratio for the next fiscal year is 23.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.79 while its Price-to-Book (P/B) ratio in mrq is 35.41. Its current Enterprise Value per Revenue stands at 6.88 whereas that against EBITDA is 19.90.
Stock Price History:
Over the past 52 weeks, AAPL has reached a high of $199.62, while it has fallen to a 52-week low of $155.98. The 50-Day Moving Average of the stock is 181.71, while the 200-Day Moving Average is calculated to be 183.62.
Shares Statistics:
Over the past 3-months, AAPL traded about 60.53M shares per day on average, while over the past 10 days, AAPL traded about 72.02M shares per day. A total of 15.55B shares are outstanding, with a floating share count of 15.43B. Insiders hold about 0.09% of the company’s shares, while institutions hold 61.75% stake in the company. Shares short for AAPL as of Feb 29, 2024 were 111.93M with a Short Ratio of 1.85, compared to 99.24M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.72% and a Short% of Float of 0.73%.
Dividends & Splits
AAPL’s forward annual dividend rate is 0.96, up from 0.95 a year ago. Against a Trailing Annual Dividend Yield of 0.56%, it implies a Forward Annual Dividend Yield of 0.57%. The stock’s 5-year Average Dividend Yield is 0.76. The current Payout Ratio is 15.32% for AAPL, which recently paid a dividend on Feb 15, 2024 with an ex-dividend date of Feb 09, 2024. Stock splits for the company last occurred on Aug 31, 2020 when the company split stock in a 4:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 27 analysts. On average, analysts expect EPS of $1.4 for the current quarter, with a high estimate of $1.49 and a low estimate of $1.35, while EPS last year was $1.52. The consensus estimate for the next quarter is $1.22, with high estimates of $1.32 and low estimates of $1.13.
Analysts are recommending an EPS of between $6.38 and $5.83 for the fiscal current year, implying an average EPS of $6.07. EPS for the following year is $6.63, with 38 analysts recommending between $7.12 and $6.06.
Revenue Estimates
A total of 39 analysts have provided revenue estimates for AAPL’s current fiscal year. The highest revenue estimate was $367.34B, while the lowest revenue estimate was $349.09B, resulting in an average revenue estimate of $359.01B. In the same quarter a year ago, actual revenue was $383.29B, down -6.30% from the average estimate. Based on 37 analysts’ estimates, the company’s revenue will be $382.15B in the next fiscal year. The high estimate is $402.2B and the low estimate is $358.04B. The average revenue growth estimate for next year is up 6.40% from the average revenue estimate for this year.
