Ratios Revealed: Decoding Apple Inc (AAPL)’s Financial Health

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The closing price of Apple Inc (NASDAQ: AAPL) was $232.98 for the day, up 1.88% from the previous closing price of $228.68. In other words, the price has increased by $1.88 from its previous closing price. On the day, 62.44 million shares were traded. AAPL stock price reached its highest trading level at $233.08 during the session, while it also had its lowest trading level at $229.25.

Ratios:

Our analysis of AAPL’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 53.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.05. 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, Needham on Jul-11-24, Reiterated its Buy rating but revised its target price to $260 from $220 previously.

On July 09, 2024, Piper Sandler reiterated its Neutral rating and also lowered its target price recommendation from $190 to $225.

Oppenheimer reiterated its Outperform rating for the stock on June 28, 2024, while the target price for the stock was revised from $200 to $250.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3572538540032 and an Enterprise Value of 3609974538240. As of this moment, Apple’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.23, and their Forward P/E ratio for the next fiscal year is 32.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.36 while its Price-to-Book (P/B) ratio in mrq is 48.16. Its current Enterprise Value per Revenue stands at 9.46 whereas that against EBITDA is 27.849.

Stock Price History:

The Beta on a monthly basis for AAPL is 1.25, which has changed by 0.2227354 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, AAPL has reached a high of $229.40, while it has fallen to a 52-week low of $164.07. The 50-Day Moving Average of the stock is 18.00%, while the 200-Day Moving Average is calculated to be 25.86%.

Shares Statistics:

AAPL traded an average of 69.54M shares per day over the past three months and 58447960 shares per day over the past ten 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 61.97% stake in the company. Shares short for AAPL as of 1718323200 were 153405579 with a Short Ratio of 2.21, 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

With its trailing 12-month dividend rate of 0.96, AAPL has a forward annual dividend rate of 0.97. Against a Trailing Annual Dividend Yield of 0.004198006The 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.

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