Apple Inc (NASDAQ: AAPL) is -8.54% lower on its value in year-to-date trading and has touched a low of $154.15 and a high of $199.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AAPL stock was last observed hovering at around $173.72 in the last trading session, with the day’s gains setting it 2.36%.
Currently trading at $176.08, the stock is -0.15% and -3.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 55.05 million and changing 1.36% at the moment leaves the stock -4.21% off its SMA200. AAPL registered 13.60% gain for a year compared to 6-month gain of -1.06%. The firm has a 50-day simple moving average (SMA 50) of $7.05 and a 200-day simple moving average (SMA200) of $20.36.
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The stock witnessed a -3.42% loss in the last 1 month and extending the period to 3 months gives it a -10.88%, and is 1.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.72% over the week and 1.66% over the month.
Apple Inc (AAPL) has around 161000 employees, a market worth around $2719.01B and $385.71B in sales. Current P/E ratio is 27.40 and Fwd P/E is 24.64. Profit margin for the company is 26.16%. Distance from 52-week low is 14.23% and -11.79% from its 52-week high. The company has generated returns on investments over the last 12 months (59.65%).
Apple Inc quarterly earnings per share for the current quarter are estimated at $1.51 with sales reaching $90.79B over the same period.The EPS is expected to grow by 7.17% this year, but quarterly earnings will post 1.20% year-over-year.
Apple Inc (AAPL) Top Institutional Holders
6,188 institutions hold shares in Apple Inc (AAPL), with institutional investors hold 60.28% of the company’s shares. The shares outstanding are 15.55B, and float is at 15.43B with Short Float at 0.73%. Institutions hold 56.70% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 1.32 billion shares valued at $232.08 billion. The investor’s holdings represent 8.54% of the AAPL Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 1.04 billion shares valued at $183.54 billion to account for 6.75% of the shares outstanding. The other top investors are Berkshire Hathaway, Inc which holds 905.56 million shares representing 5.86% and valued at over $159.45 billion, while State Street Corporation holds 3.80% of the shares totaling 586.05 million with a market value of $103.19 billion.
Apple Inc (AAPL) Insider Activity
The most recent transaction is an insider sale by LEVINSON ARTHUR D,the company’sDirector. SEC filings show that LEVINSON ARTHUR D sold 100,000 shares of the company’s common stock on Feb 29 ’24 at a price of $180.94 per share for a total of $18.09 million. Following the sale, the insider now owns 4.43 million shares.
Apple Inc disclosed in a document filed with the SEC on Nov 29 ’23 that KONDO CHRIS (Principal Accounting Officer) sold a total of 5,513 shares of the company’s common stock. The trade occurred on Nov 29 ’23 and was made at $192.00 per share for $1.06 million. Following the transaction, the insider now directly holds 29174.0 shares of the AAPL stock.
Still, SEC filings show that on Nov 17 ’23, Adams Katherine L. (SVP, GC and Secretary) disposed off 123,448 shares at an average price of $188.79 for $23.31 million. The insider now directly holds 0 shares of Apple Inc (AAPL).
