Apple Inc (NASDAQ: AAPL) is -11.92% lower on its value in year-to-date trading and has touched a low of $159.78 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 $168.82 in the last trading session, with the day’s gains setting it 0.76%.
Currently trading at $169.58, the stock is -1.33% and -5.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 42.03 million and changing 0.45% at the moment leaves the stock -7.44% off its SMA200. AAPL registered 2.38% gain for a year compared to 6-month loss of -2.35%. The firm has a 50-day simple moving average (SMA 50) of $6.88 and a 200-day simple moving average (SMA200) of $19.88.
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The stock witnessed a 0.27% gain in the last 1 month and extending the period to 3 months gives it a -6.78%, and is -1.11% down 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 1.13% over the week and 1.66% over the month.
Apple Inc (AAPL) has around 161000 employees, a market worth around $2618.64B and $385.71B in sales. Current P/E ratio is 26.39 and Fwd P/E is 23.73. Profit margin for the company is 26.16%. Distance from 52-week low is 6.13% and -15.05% 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 $90.59B over the same period.The EPS is expected to grow by 7.17% this year, but quarterly earnings will post 1.10% year-over-year. Quarterly sales are estimated to shrink -4.50% in year-over-year returns.
Apple Inc (AAPL) Top Institutional Holders
6,165 institutions hold shares in Apple Inc (AAPL), with institutional investors hold 60.26% of the company’s shares. The shares outstanding are 15.55B, and float is at 15.43B with Short Float at 0.72%. Institutions hold 56.68% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 1.3 billion shares valued at $252.88 billion. The investor’s holdings represent 8.34% of the AAPL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 1.04 billion shares valued at $201.66 billion to account for 6.65% of the shares outstanding. The other top investors are Berkshire Hathaway, Inc which holds 915.56 million shares representing 5.86% and valued at over $177.59 billion, while State Street Corporation holds 3.70% of the shares totaling 578.9 million with a market value of $112.29 billion.
Apple Inc (AAPL) Insider Activity
The most recent transaction is an insider sale by COOK TIMOTHY D,the company’sChief Executive Officer. SEC filings show that COOK TIMOTHY D sold 97,227 shares of the company’s common stock on Apr 02 ’24 at a price of $168.62 per share for a total of $16.39 million. Following the sale, the insider now owns 3.28 million shares.
Apple Inc disclosed in a document filed with the SEC on Apr 02 ’24 that O’BRIEN DEIRDRE (Senior Vice President) sold a total of 54,732 shares of the company’s common stock. The trade occurred on Apr 02 ’24 and was made at $168.91 per share for $9.24 million. Following the transaction, the insider now directly holds 0.14 million shares of the AAPL stock.
Still, SEC filings show that on Apr 02 ’24, Adams Katherine L. (SVP, GC and Secretary) disposed off 54,732 shares at an average price of $168.90 for $9.24 million. The insider now directly holds 293,393 shares of Apple Inc (AAPL).
