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The price of Apple Inc (NASDAQ: AAPL) closed at $221.55 in the last session, up 0.58% from day before closing price of $220.27. In other words, the price has increased by $0.58 from its previous closing price. On the day, 37.37 million shares were traded. AAPL stock price reached its highest trading level at $221.55 during the session, while it also had its lowest trading level at $219.03.
Ratios:
We take a closer look at AAPL’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 50.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.33. 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 this company, Oppenheimer on June 28, 2024, Reiterated its Outperform rating but revised its target price to $250 from $200 previously.
On June 26, 2024, Rosenblatt Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $196 to $260.
Maxim Group reiterated its Hold rating for the stock on June 25, 2024, while the target price for the stock was revised from $178 to $195.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 3397269848064 and an Enterprise Value of 3434705846272. As of this moment, Apple’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.45, and their Forward P/E ratio for the next fiscal year is 30.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.90 while its Price-to-Book (P/B) ratio in mrq is 45.80. Its current Enterprise Value per Revenue stands at 9.0 whereas that against EBITDA is 26.496.
Stock Price History:
Over the past 52 weeks, AAPL has reached a high of $220.38, while it has fallen to a 52-week low of $164.07. The 50-Day Moving Average of the stock is 14.92%, while the 200-Day Moving Average is calculated to be 20.32%.
Shares Statistics:
According to the various share statistics, AAPL traded on average about 68.72M shares per day over the past 3-months and 82438230 shares per day over the past 10 days. 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 61.95% stake in the company. Shares short for AAPL as of 1718323200 were 153405579 with a Short Ratio of 2.23, compared to 1715731200 on 99287450. Therefore, it implies a Short% of Shares Outstanding of 153405579 and a Short% of Float of 1.0.
Dividends & Splits
The forward annual dividend rate for AAPL is 0.97, which was 0.96 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.0043582874The stock’s 5-year Average Dividend Yield is 0.69.
