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Apple Inc (AAPL) Stock Could Soon Reward Patient Investors

Apple Inc (NASDAQ: AAPL) is -2.65% lower on its value in year-to-date trading and has touched a low of $164.07 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 $186.28 in the last trading session, with the day’s gains setting it 1.15%.

Currently trading at $187.43, the stock is 7.70% and 8.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 50.68 million and changing 0.62% at the moment leaves the stock 3.61% off its SMA200. AAPL registered 8.61% gain for a year compared to 6-month loss of 0.55%.

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The stock witnessed a 8.54% gain in the last 1 month and extending the period to 3 months gives it a 1.29%, and is 2.76% 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 1.27% over the week and 1.71% over the month.

Apple Inc (AAPL) has around 161000 employees, a market worth around $2874.07B and $381.62B in sales. Current P/E ratio is 29.15 and Fwd P/E is 26.05. Profit margin for the company is 26.31%. Distance from 52-week low is 14.23% and -6.11% from its 52-week high. The company has generated returns on investments over the last 12 months (60.47%).

with sales reaching $83.78B over the same period.The EPS is expected to grow by 7.46% this year, but quarterly earnings will post 0.90% year-over-year. Quarterly sales are estimated to grow 2.40% in year-over-year returns.

Apple Inc (AAPL) Top Institutional Holders

The shares outstanding are 15.55B, and float is at 15.32B with Short Float at 0.62%.

Apple Inc (AAPL) Insider Activity

The most recent transaction is an insider sale by WILLIAMS JEFFREY E,the company’sCOO. SEC filings show that WILLIAMS JEFFREY E sold 59,162 shares of the company’s common stock on Apr 11 ’24 at a price of $172.22 per share for a total of $10.19 million. Following the sale, the insider now owns 0.49 million shares.

Apple Inc disclosed in a document filed with the SEC on Apr 11 ’24 that Maestri Luca (Senior Vice President, CFO) sold a total of 53,194 shares of the company’s common stock. The trade occurred on Apr 11 ’24 and was made at $174.12 per share for $9.26 million. Following the transaction, the insider now directly holds 0.11 million shares of the AAPL stock.

Still, SEC filings show that on Apr 02 ’24, COOK TIMOTHY D (Chief Executive Officer) disposed off 97,227 shares at an average price of $168.62 for $16.39 million. The insider now directly holds 3,280,180 shares of Apple Inc (AAPL).

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