Apple Inc. [NASDAQ: AAPL] gained 1.96% or 2.69 points to close at $139.96 with a heavy trading volume of 78945568 shares. The company report on June 22, 2021 that Apple Launches at Apple Creative Studios to Provide Opportunities to Young Creatives.
Launching first in Los Angeles and Beijing, participants will receive hands-on experience and mentorship from renowned artists, nonprofit community partners, and Apple.
Apple® announced at Apple Creative Studios, a global initiative that will provide career-building mentorship, professional industry skills training, creative resources, and access to Apple’s full product lineup of iPhone®, iPad®, and Mac® to underrepresented communities across the globe. Creative Studios will launch first in Los Angeles and Beijing, followed by Bangkok, London, Chicago, and Washington, D.C. later this year. In each city, Apple will work hand-in-hand with nonprofit community organizations to connect youth with mentors and established artists.
It opened the trading session at $137.90, the shares rose to $140.00 and dropped to $137.745, the range by which the price of stock traded the whole day. The daily chart for AAPL points out that the company has recorded 5.48% gains over the past six months. However, it is still -57.01% lower than its most recent low trading price.
If we look at the average trading volume of 82.26M shares, AAPL reached to a volume of 78945568 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 $159.46 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.
Morgan Stanley have made an estimate for Apple Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 24, 2021. The new note on the price target was released on May 28, 2021, representing the official price target for Apple Inc. stock. Previously, the target price had yet another raise from $83 to $130, while Goldman kept a Neutral rating on AAPL stock. On April 06, 2021, analysts decreased their price target for AAPL shares from 164 to 156.
The Average True Range (ATR) for Apple Inc. is set at 1.94, with the Price to Sales ratio for AAPL stock in the period of the last 12 months amounting to 7.04. The Price to Book ratio for the last quarter was 33.89, with the Price to Cash per share for the same quarter was set at 4.27. Price to Free Cash Flow for AAPL in the course of the last twelve months was 30.04 with Quick ratio for the last quarter at 1.10.
Trading performance analysis for AAPL stock
Apple Inc. [AAPL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.15. With this latest performance, AAPL shares gained by 13.29% in over the last four-week period, additionally plugging by 5.48% over the last 6 months – not to mention a rise of 53.76% 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 75.58, with the RSI for the last a single of trading hit 83.72, and the three-weeks RSI is set at 69.04 for Apple Inc. [AAPL]. The present Moving Average for the last 50 days of trading for this stock 129.48, while it was recorded at 137.06 for the last single week of trading, and 125.40 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 1.10.
Apple Inc. [AAPL]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Apple Inc. [AAPL]
There are presently around $1,344,266 million, or 58.60% 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 $147.66 billion in AAPL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $124.16 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 1,668 institutional holders increased their position in Apple Inc. [NASDAQ:AAPL] by around 162,232,773 shares. Additionally, 2,062 investors decreased positions by around 376,455,768 shares, while 200 investors held positions by with 9,065,958,808 shares. The mentioned changes placed institutional holdings at 9,604,647,349 shares, according to the latest SEC report filing. AAPL stock had 158 new institutional investments in for a total of 14,848,680 shares, while 109 institutional investors sold positions of 16,852,823 shares during the same period.