Apple Inc [AAPL] Is Currently -0.52 below its 200 Period Moving Avg: What Does This Mean?

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Apple Inc [NASDAQ: AAPL] loss -0.52% or -0.92 points to close at $176.65 with a heavy trading volume of 79309436 shares. The company report on November 2, 2023 at 8:00 PM that Apple MixC Wenzhou opens for customers this Saturday, November 4, in China.

Apple® today previewed Apple MixC Wenzhou, the company’s first store in this dynamic city and the fourth in China’s Zhejiang province. The new store reflects Apple’s deep commitment to accessible and sustainable design — including universal design elements and plant-based materials — creating an inviting and inclusive space for everyone.

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“We’re excited to be expanding to reach even more customers with the opening of Apple MixC Wenzhou, and we’re proud of the deep, long-lasting connections we’ve built with communities in China,” said Deirdre O’Brien, Apple’s senior vice president of Retail. “Our team members can’t wait to welcome the local community to our newest location and help even more customers discover the magic of Apple, including the new iPhone 15 lineup and new Mac models featuring the M3 family of chips.”.

It opened the trading session at $174.24, the shares rose to $176.82 and dropped to $173.35, the range by which the price of stock traded the whole day. The daily chart for AAPL points out that the company has recorded 1.77% gains over the past six months. However, it is still -42.26% lower than its most recent low trading price.

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If we look at the average trading volume of 59.74M shares, AAPL reached to a volume of 79309436 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 $195.42 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.

Jefferies have made an estimate for Apple Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 31, 2023.

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The Average True Range (ATR) for Apple Inc is set at 3.38, with the Price to Sales ratio for AAPL stock in the period of the last 12 months amounting to 7.21. The Price to Book ratio for the last quarter was 44.20, with the Price to Cash per share for the same quarter was set at 3.94. Price to Free Cash Flow for AAPL in the course of the last twelve months was 27.73 with Quick ratio for the last quarter at 0.94.

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 5.01. With this latest performance, AAPL shares gained by 0.99% in over the last four-week period, additionally plugging by 1.77% over the last 6 months – not to mention a rise of 21.80% 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 54.55, with the RSI for the last a single of trading hit 59.41, and the three-weeks RSI is set at 51.79 for Apple Inc [AAPL]. The present Moving Average for the last 50 days of trading for this stock 176.59, while it was recorded at 173.85 for the last single week of trading, and 171.50 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 +30.29 and a Gross Margin at +43.31. Apple Inc’s Net Margin is presently recorded at +25.31.

Return on Total Capital for AAPL is now 62.41, given the latest momentum, and Return on Invested Capital for the company is 58.22. Return on Equity for this stock inclined to 175.46, with Return on Assets sitting at 28.36. When it comes to the capital structure of this company, Apple Inc [AAPL] has a Total Debt to Total Equity ratio set at 261.45. Additionally, AAPL Total Debt to Total Capital is recorded at 72.33, with Total Debt to Total Assets ending up at 37.56. Long-Term Debt to Equity for the company is recorded at 216.50, with the Long-Term Debt to Total Capital now at 59.90.

Reflecting on the efficiency of the workforce at the company, Apple Inc [AAPL] managed to generate an average of $608,555 per employee. Receivables Turnover for the company is 7.01 with a Total Asset Turnover recorded at a value of 1.12.Apple Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.94 and a Current Ratio set at 0.99.

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 6.27%.

An analysis of Institutional ownership at Apple Inc [AAPL]

The top three institutional holders of AAPL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in AAPL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in AAPL stock with ownership which is approximately 5.7994%.

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