Apple Inc [NASDAQ: AAPL] surged by $2.97 during the normal trading session on while it closed the day at $230.54.
Apple Inc stock has also gained 1.86% of its value over the past 7 days. However, AAPL stock has inclined by 31.71% in the 3 months of the year. Over the past six months meanwhile, it has gained 23.82% and gained 19.74% year-on date.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for AAPL stock reached $3535.12 billion, with 15.55 billion shares outstanding and 15.32 billion shares in the current float. Compared to the average trading volume of 69.32M shares, AAPL reached a trading volume of 52829845 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $216.06 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 1.98. 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.
BofA Securities have made an estimate for Apple Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 11, 2024. While these analysts kept the previous recommendation, Needham raised their target price from $220 to $260. The new note on the price target was released on July 10, 2024, representing the official price target for Apple Inc stock. Previously, the target price had yet another raise from $190 to $225, while Piper Sandler kept a Neutral rating on AAPL stock. On June 28, 2024, analysts increased their price target for AAPL shares from 200 to 250.
The Average True Range (ATR) for Apple Inc is set at 4.86, with the Price to Sales ratio for AAPL stock in the period of the last 12 months amounting to 9.26. The Price to Book ratio for the last quarter was 47.66, with the Price to Cash per share for the same quarter was set at 4.38. Price to Free Cash Flow for AAPL in the course of the last twelve months was 34.69 with Quick ratio for the last quarter at 0.99.
AAPL stock trade performance evaluation
Apple Inc [AAPL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.86. With this latest performance, AAPL shares gained by 11.29% in over the last four-week period, additionally plugging by 23.82% over the last 6 months – not to mention a rise of 21.48% 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 70.81, with the RSI for the last a single of trading hit 70.63, and the three-weeks RSI is set at 70.22 for Apple Inc [AAPL]. The present Moving Average for the last 50 days of trading for this stock 201.00, while it was recorded at 229.52 for the last single week of trading, and 185.95 for the last 200 days.
Apple Inc [AAPL]: An insightful look at the core fundamentals
Apple Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.99 and a Current Ratio set at 1.04.
Earnings per share (EPS) analysis for Apple Inc [AAPL] stock
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 10.50%.
Apple Inc [AAPL]: Institutional Ownership
The top three institutional holders of AAPL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in AAPL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in AAPL stock with ownership which is approximately 5.1238%.
