Market Analysts see Apple Inc. [AAPL] gaining to $515. Time to buy?

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Apple Inc. [NASDAQ: AAPL] traded at a high on 08/18/20, posting a 0.83 gain after which it closed the day’ session at $462.25. The company report on August 18, 2020 that Apple Announces Apple Music Radio.

Apple Music 1 and two new stations, Apple Music Hits and Apple Music Country, feature exclusive original shows from the world’s top music hosts and artists.

Apple® today announced two new live global radio offerings on Apple Music®, now available to music fans in 165 countries. Beginning today, Beats 1® , the flagship global radio station, will be renamed Apple Music 1, and two additional radio stations will launch: Apple Music Hits, celebrating everyone’s favorite songs from the ’80s, ’90s, and 2000s, and Apple Music Country, spotlighting country music.

The results of the trading session contributed to over 26408384 shares changing hands. Over the past one week, the price volatility of Apple Inc. stands at 1.98% while the volatility over the past one month is 2.73%.

The market cap for AAPL stock reached $1978.18 billion, with 4.31 billion shares outstanding and 4.27 billion shares in the current float. Compared to the average trading volume of 36.56M shares, AAPL reached a trading volume of 26408384 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Apple Inc. [AAPL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AAPL shares is $425.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AAPL stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wedbush have made an estimate for Apple Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 10, 2020. While these analysts kept the previous recommendation, BofA Securities raised their target price from $420 to $470. The new note on the price target was released on August 05, 2020, representing the official price target for Apple Inc. stock. Previously, the target price had yet another raise from $450 to $475, while Wedbush kept a Outperform rating on AAPL stock. On July 31, 2020, analysts increased their price target for AAPL shares from 400 to 425.

The Average True Range (ATR) for Apple Inc. is set at 12.28, with the Price to Sales ratio for AAPL stock in the period of the last 12 months amounting to 7.22. The Price to Book ratio for the last quarter was 27.58, with the Price to Cash per share for the same quarter was set at 21.74. Price to Free Cash Flow for AAPL in the course of the last twelve months was 34.31 with Quick ratio for the last quarter at 1.40.

How has AAPL stock performed recently?

Apple Inc. [AAPL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.66. With this latest performance, AAPL shares gained by 17.49% in over the last four-week period, additionally plugging by 42.84% over the last 6 months – not to mention a rise of 119.75% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AAPL stock in for the last two-week period is set at 71.71, with the RSI for the last a single of trading hit 72.33, and the three-weeks RSI is set at 70.92 for Apple Inc. [AAPL]. The present Moving Average for the last 50 days of trading for this stock 389.10, while it was recorded at 458.48 for the last single week of trading, and 313.14 for the last 200 days.

Apple Inc. [AAPL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Apple Inc. [AAPL] shares currently have an operating margin of +24.33 and a Gross Margin at +37.58. Apple Inc.’s Net Margin is presently recorded at +21.25.

Return on Total Capital for AAPL is now 30.10, given the latest momentum, and Return on Invested Capital for the company is 28.84. Return on Equity for this stock inclined to 55.92, with Return on Assets sitting at 15.69. When it comes to the capital structure of this company, Apple Inc. [AAPL] has a Total Debt to Total Equity ratio set at 119.40. Additionally, AAPL Total Debt to Total Capital is recorded at 54.42, with Total Debt to Total Assets ending up at 31.92. Long-Term Debt to Equity for the company is recorded at 101.46, with the Long-Term Debt to Total Capital now at 46.24.

Reflecting on the efficiency of the workforce at the company, Apple Inc. [AAPL] managed to generate an average of $403,328 per employee. Receivables Turnover for the company is 5.48 with a Total Asset Turnover recorded at a value of 0.74.Apple Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.50.

Earnings analysis for Apple Inc. [AAPL]

With the latest financial reports released by the company, Apple Inc. posted 3.03/share EPS, while the average EPS was predicted by analysts to be reported at 2.84/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AAPL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Apple Inc. go to 12.46%.

Insider trade positions for Apple Inc. [AAPL]

There are presently around $1,227,261 million, or 62.50% of AAPL stock, in the hands of institutional investors. The top three institutional holders of AAPL stocks are: VANGUARD GROUP INC with ownership of 328,990,250, which is approximately -2.298% of the company’s market cap and around 0.07% of the total institutional ownership; BLACKROCK INC., holding 275,456,012 shares of the stock with an approximate value of $127.33 billion in AAPL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $113.32 billion in AAPL stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Apple Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,379 institutional holders increased their position in Apple Inc. [NASDAQ:AAPL] by around 102,437,152 shares. Additionally, 1,922 investors decreased positions by around 198,991,548 shares, while 201 investors held positions by with 2,353,544,531 shares. The mentioned changes placed institutional holdings at 2,654,973,231 shares, according to the latest SEC report filing. AAPL stock had 152 new institutional investments in for a total of 4,855,566 shares, while 87 institutional investors sold positions of 4,682,657 shares during the same period.

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