Apple Inc. [NASDAQ: AAPL] price surged by 2.45 percent to reach at $3.39. The company report on June 14, 2022 that Apple and Major League Soccer to Present All MLS Matches Around the World for 10 Years, Beginning in 2023.
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Apple® and Major League Soccer (MLS) today announced that the Apple TV® app will be the exclusive destination to watch every single live MLS match beginning in 2023. This partnership is a historic first for a major professional sports league, and will allow fans around the world to watch all MLS, Leagues Cup,1 and select MLS NEXT Pro and MLS NEXT matches in one place — without any local broadcast blackouts or the need for a traditional pay TV bundle.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220614005502/en/.
A sum of 88872343 shares traded at recent session while its average daily volume was at 95.30M shares. Apple Inc. shares reached a high of $141.91 and dropped to a low of $139.77 until finishing in the latest session at $141.66.
The one-year AAPL stock forecast points to a potential upside of 24.42. The average equity rating for AAPL stock is currently 1.90, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $187.43 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 1.90. 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.
Loop Capital have made an estimate for Apple Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 25, 2022. While these analysts kept the previous recommendation, Rosenblatt raised their target price to Neutral. The new note on the price target was released on April 19, 2022, representing the official price target for Apple Inc. stock. Previously, the target price had yet another raise to $165, while New Street analysts kept a Neutral rating on AAPL stock. On January 28, 2022, analysts increased their price target for AAPL shares from 184 to 199.
The Average True Range (ATR) for Apple Inc. is set at 4.74, with the Price to Sales ratio for AAPL stock in the period of the last 12 months amounting to 5.80. The Price to Book ratio for the last quarter was 34.22, with the Price to Cash per share for the same quarter was set at 3.26. Price to Free Cash Flow for AAPL in the course of the last twelve months was 24.58 with Quick ratio for the last quarter at 0.90.
AAPL Stock Performance Analysis:
Apple Inc. [AAPL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.92. With this latest performance, AAPL shares gained by 0.93% in over the last four-week period, additionally sinking by -19.35% over the last 6 months – not to mention a rise of 6.18% 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 49.70, with the RSI for the last a single of trading hit 55.12, and the three-weeks RSI is set at 47.19 for Apple Inc. [AAPL]. The present Moving Average for the last 50 days of trading for this stock 149.18, while it was recorded at 136.54 for the last single week of trading, and 158.58 for the last 200 days.
Insight into Apple Inc. Fundamentals:
Apple Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
AAPL Stock EPS
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 9.91%.
Apple Inc. [AAPL] Insider Position Details
There are presently around $1,344,738 million, or 59.70% of AAPL stock, in the hands of institutional investors. The top three institutional holders of AAPL stocks are: VANGUARD GROUP INC with ownership of 1,269,995,750, which is approximately 0.693% of the company’s market cap and around 0.07% of the total institutional ownership; BLACKROCK INC., holding 1,027,632,887 shares of the stock with an approximate value of $145.57 billion in AAPL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $126.21 billion in AAPL stock with ownership of nearly 0.427% 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 1,809 institutional holders increased their position in Apple Inc. [NASDAQ:AAPL] by around 238,122,369 shares. Additionally, 2,393 investors decreased positions by around 274,322,534 shares, while 269 investors held positions by with 8,980,267,009 shares. The mentioned changes placed institutional holdings at 9,492,711,912 shares, according to the latest SEC report filing. AAPL stock had 135 new institutional investments in for a total of 20,664,590 shares, while 101 institutional investors sold positions of 16,381,074 shares during the same period.