Apple Inc [NASDAQ: AAPL] loss -0.54% or -1.01 points to close at $185.85 with a heavy trading volume of 101897671 shares. The company report on February 1, 2024 at 4:30 PM that Apple reports first quarter results.
Services revenue reaches new all-time record.
The daily chart for AAPL points out that the company has recorded -2.78% loss over the past six months.
If we look at the average trading volume of 54.17M shares, AAPL reached to a volume of 101897671 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 $198.84 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 2.11. 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.
Piper Sandler have made an estimate for Apple Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 02, 2024.
The Average True Range (ATR) for Apple Inc is set at 3.59, with the Price to Sales ratio for AAPL stock in the period of the last 12 months amounting to 7.45. The Price to Book ratio for the last quarter was 38.78, with the Price to Cash per share for the same quarter was set at 4.73. Price to Free Cash Flow for AAPL in the course of the last twelve months was 26.89 with Quick ratio for the last quarter at 1.02.
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 -3.41. With this latest performance, AAPL shares gained by 0.87% in over the last four-week period, additionally sinking by -2.78% over the last 6 months – not to mention a rise of 27.79% 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 43.34, with the RSI for the last a single of trading hit 40.14, and the three-weeks RSI is set at 45.60 for Apple Inc [AAPL]. The present Moving Average for the last 50 days of trading for this stock 190.65, while it was recorded at 187.38 for the last single week of trading, and 182.49 for the last 200 days.
Apple Inc [AAPL]: A deeper dive into fundamental analysis
Apple Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.02 and a Current Ratio set at 1.07.
Apple Inc [AAPL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Apple Inc posted 1.52/share EPS, while the average EPS was predicted by analysts to be reported at 1.43/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.30%. 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 11.00%.
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 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AAPL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AAPL stock with ownership which is approximately 5.8325%.
