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Apple Inc (NASDAQ: AAPL) closed the day trading at $234.82 up 0.18% from the previous closing price of $234.40. In other words, the price has increased by $0.18 from its previous closing price. On the day, 41.86 million shares were traded. AAPL stock price reached its highest trading level at $236.27 during the session, while it also had its lowest trading level at $232.33.
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 53.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.33. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 1.41 whereas as Long-Term Debt/Eq ratio is at 1.24.
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 the company, Loop Capital on July 15, 2024, Upgraded its rating to Buy and sets its target price to $300 from $170 previously.
On July 15, 2024, Morgan Stanley reiterated its Overweight rating and also lowered its target price recommendation from $216 to $273.
BofA Securities reiterated its Buy rating for the stock on July 11, 2024, while the target price for the stock was revised from $230 to $256.
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 May 30 ’24 when LEVINSON ARTHUR D sold 75,000 shares for $191.58 per share. The transaction valued at 14,368,500 led to the insider holds 4,359,576 shares of the business.
KONDO CHRIS sold 4,999 shares of AAPL for $951,785 on May 15 ’24. The Principal Accounting Officer now owns 29,278 shares after completing the transaction at $190.40 per share. On Apr 11 ’24, another insider, WILLIAMS JEFFREY E, who serves as the COO of the company, sold 59,162 shares for $172.22 each. As a result, the insider received 10,188,880 and left with 489,944 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 3600753360896 and an Enterprise Value of 3638189096960. As of this moment, Apple’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.51, and their Forward P/E ratio for the next fiscal year is 32.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.44 while its Price-to-Book (P/B) ratio in mrq is 48.54. Its current Enterprise Value per Revenue stands at 9.533 whereas that against EBITDA is 28.066.
Stock Price History:
The Beta on a monthly basis for AAPL is 1.25, which has changed by 0.20358789 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, AAPL has reached a high of $237.23, while it has fallen to a 52-week low of $164.07. The 50-Day Moving Average of the stock is 16.08%, while the 200-Day Moving Average is calculated to be 26.07%.
Shares Statistics:
Over the past 3-months, AAPL traded about 68.36M shares per day on average, while over the past 10 days, AAPL traded about 54918330 shares per day. A total of 15.55B shares are outstanding, with a floating share count of 15.32B. Insiders hold about 0.09% of the company’s shares, while institutions hold 61.94% stake in the company. Shares short for AAPL as of 1719532800 were 132235437 with a Short Ratio of 1.93, compared to 1717113600 on 113523602. Therefore, it implies a Short% of Shares Outstanding of 132235437 and a Short% of Float of 0.86.
Dividends & Splits
AAPL’s forward annual dividend rate is 0.97, up from 0.96 a year ago. Against a Trailing Annual Dividend Yield of 0.004095563The stock’s 5-year Average Dividend Yield is 0.69. The current Payout Ratio is 15.32% for AAPL, which recently paid a dividend on 2024-05-10 with an ex-dividend date of 1715299200. Stock splits for the company last occurred on 2020-08-31 when the company split stock in a 4:1 ratio.
