Apple Inc. [AAPL] Revenue clocked in at $294.14 billion, down -8.61% YTD: What’s Next?

Apple Inc. [NASDAQ: AAPL] gained 0.22% or 0.27 points to close at $121.26 with a heavy trading volume of 164560400 shares. The company report on January 28, 2021 that Apple Reports First Quarter Results.

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Revenue up 21 percent and EPS up 35 percent to new all-time records.

iPhone, Wearables, and Services set new revenue records.

It opened the trading session at $122.59, the shares rose to $124.85 and dropped to $121.20, the range by which the price of stock traded the whole day. The daily chart for AAPL points out that the company has recorded -4.16% loss over the past six months. However, it is still -128.15% lower than its most recent low trading price.

If we look at the average trading volume of 106.68M shares, AAPL reached to a volume of 164560400 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $151.75 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 2.00. 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.

Needham have made an estimate for Apple Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 28, 2021. While these analysts kept the previous recommendation, Monness Crespi & Hardt raised their target price from $144 to $170. The new note on the price target was released on January 28, 2021, representing the official price target for Apple Inc. stock. Previously, the target price had yet another raise from $150 to $155, while Canaccord Genuity kept a Buy rating on AAPL stock. On January 25, 2021, analysts increased their price target for AAPL shares from 160 to 175.

The Average True Range (ATR) for Apple Inc. is set at 4.01, with the Price to Sales ratio for AAPL stock in the period of the last 12 months amounting to 6.91. The Price to Book ratio for the last quarter was 31.01, with the Price to Cash per share for the same quarter was set at 4.59. Price to Free Cash Flow for AAPL in the course of the last twelve months was 30.75 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for AAPL stock

Apple Inc. [AAPL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.63. With this latest performance, AAPL shares dropped by -14.64% in over the last four-week period, additionally sinking by -4.16% over the last 6 months – not to mention a rise of 77.33% 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 29.11, with the RSI for the last a single of trading hit 18.61, and the three-weeks RSI is set at 36.43 for Apple Inc. [AAPL]. The present Moving Average for the last 50 days of trading for this stock 131.98, while it was recorded at 123.89 for the last single week of trading, and 112.77 for the last 200 days.

Apple Inc. [AAPL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Apple Inc. [AAPL] shares currently have an operating margin of +23.83 and a Gross Margin at +37.94. Apple Inc.’s Net Margin is presently recorded at +20.94.

Return on Total Capital for AAPL is now 33.84, given the latest momentum, and Return on Invested Capital for the company is 32.37. Return on Equity for this stock inclined to 73.69, with Return on Assets sitting at 17.33. When it comes to the capital structure of this company, Apple Inc. [AAPL] has a Total Debt to Total Equity ratio set at 187.14. Additionally, AAPL Total Debt to Total Capital is recorded at 65.17, with Total Debt to Total Assets ending up at 37.75. Long-Term Debt to Equity for the company is recorded at 163.84, with the Long-Term Debt to Total Capital now at 57.06.

Reflecting on the efficiency of the workforce at the company, Apple Inc. [AAPL] managed to generate an average of $390,551 per employee. Receivables Turnover for the company is 6.59 with a Total Asset Turnover recorded at a value of 0.83.Apple Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.20.

Apple Inc. [AAPL]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Apple Inc. posted 0.64/share EPS, while the average EPS was predicted by analysts to be reported at 0.56/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 14.30%. 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 14.69%.

An analysis of insider ownership at Apple Inc. [AAPL]

There are presently around $1,169,988 million, or 59.80% of AAPL stock, in the hands of institutional investors. The top three institutional holders of AAPL stocks are: VANGUARD GROUP INC with ownership of 1,255,155,794, which is approximately -1.992% of the company’s market cap and around 0.07% of the total institutional ownership; BLACKROCK INC., holding 1,056,461,286 shares of the stock with an approximate value of $128.11 billion in AAPL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $107.57 billion in AAPL stock with ownership of nearly -6.053% of the company’s market capitalization.

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Positions in Apple Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 1,766 institutional holders increased their position in Apple Inc. [NASDAQ:AAPL] by around 240,139,266 shares. Additionally, 1,899 investors decreased positions by around 353,435,175 shares, while 183 investors held positions by with 9,055,014,755 shares. The mentioned changes placed institutional holdings at 9,648,589,196 shares, according to the latest SEC report filing. AAPL stock had 418 new institutional investments in for a total of 46,102,244 shares, while 73 institutional investors sold positions of 7,861,674 shares during the same period.

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