Apple Inc. [NASDAQ: AAPL] jumped around 1.84 points on Monday, while shares priced at $132.30 at the close of the session, up 1.41%. The company report on June 15, 2021 that Apple Podcasts Subscriptions and channels are now available worldwide.
Thousands of Apple Podcasts Subscriptions and channels from the world’s best audio creators, including the Los Angeles Times, Luminary, NPR, Pushkin Industries, and QCODE, are available , with more launching every week.
Apple announced Apple Podcasts® Subscriptions, the global marketplace for premium podcast subscriptions, is now available. Starting , listeners in more than 170 countries and regions1 can purchase subscriptions for individual shows and groups of shows through channels, making it easy to support their favorite creators, enjoy new content, and unlock additional benefits such as ad-free listening and early access, directly on Apple Podcasts.
Apple Inc. stock is now -0.29% down from its year-to-date (YTD) trading value. AAPL Stock saw the intraday high of $132.41 and lowest of $129.21 per share. The company’s 52-week high price is 145.09, which means current price is +13.85% above from all time high which was touched on 01/25/21.
Compared to the average trading volume of 87.87M shares, AAPL reached a trading volume of 79332752 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 $159.85 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.
New Street have made an estimate for Apple Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on May 28, 2021. While these analysts kept the previous recommendation, Goldman dropped their target price from $83 to $130. The new note on the price target was released on April 29, 2021, representing the official price target for Apple Inc. stock. Previously, the target price had yet another drop from $164 to $156, while Morgan Stanley kept a Overweight rating on AAPL stock. On March 31, 2021, analysts increased their price target for AAPL shares from 115 to 142.
The Average True Range (ATR) for Apple Inc. is set at 2.21, with the Price to Sales ratio for AAPL stock in the period of the last 12 months amounting to 6.85. The Price to Book ratio for the last quarter was 32.03, with the Price to Cash per share for the same quarter was set at 4.14. Price to Free Cash Flow for AAPL in the course of the last twelve months was 29.25 with Quick ratio for the last quarter at 1.10.
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 1.39. With this latest performance, AAPL shares gained by 3.92% in over the last four-week period, additionally plugging by 2.80% over the last 6 months – not to mention a rise of 51.32% 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 62.10, with the RSI for the last a single of trading hit 67.55, and the three-weeks RSI is set at 58.31 for Apple Inc. [AAPL]. The present Moving Average for the last 50 days of trading for this stock 129.08, while it was recorded at 130.87 for the last single week of trading, and 124.50 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 +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 1.10.
Earnings analysis for Apple Inc. [AAPL]
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 0.51/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.50%. 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 17.93%.
Insider trade positions for Apple Inc. [AAPL]
There are presently around $1,253,952 million, or 58.70% of AAPL stock, in the hands of institutional investors. The top three institutional holders of AAPL stocks are: VANGUARD GROUP INC with ownership of 1,239,382,735, which is approximately -1.257% of the company’s market cap and around 0.07% of the total institutional ownership; BLACKROCK INC., holding 1,055,005,602 shares of the stock with an approximate value of $137.64 billion in AAPL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $115.74 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 April and at the time of the April reporting period, where 1,676 institutional holders increased their position in Apple Inc. [NASDAQ:AAPL] by around 162,310,562 shares. Additionally, 2,085 investors decreased positions by around 378,927,951 shares, while 198 investors held positions by with 9,070,534,589 shares. The mentioned changes placed institutional holdings at 9,611,773,102 shares, according to the latest SEC report filing. AAPL stock had 159 new institutional investments in for a total of 14,885,474 shares, while 111 institutional investors sold positions of 16,919,103 shares during the same period.