Apple Inc (NASDAQ: AAPL) is -6.84% lower on its value in year-to-date trading and has touched a low of $164.07 and a high of $260.10 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 $234.40 in the last trading session, with the day’s loss setting it -1.12%.
Currently trading at $233.28, the stock is -5.88% and -2.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 39.34 million and changing -0.48% at the moment leaves the stock 7.96% off its SMA200. AAPL registered 25.70% gain for a year compared to 6-month gain of -0.48%. The firm has a 50-day simple moving average (SMA 50) of $238.7274 and a 200-day simple moving average (SMA200) of $215.787.
The stock witnessed a -5.36% loss in the last 1 month and extending the period to 3 months gives it a 2.52%, and is -4.78% 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 2.01% over the week and 1.79% over the month.
Apple Inc (AAPL) has around 164000 employees, a market worth around $3508.04B and $391.04B in sales. Current P/E ratio is 38.43 and Fwd P/E is 28.24. Profit margin for the company is 23.97%. Distance from 52-week low is 42.18% and -10.31% from its 52-week high. The company has generated returns on investments over the last 12 months (61.07%).
with sales reaching $124.22B over the same period.The EPS is expected to grow by 21.28% this year, but quarterly earnings will post 5.91% year-over-year. Quarterly sales are estimated to grow 3.88% in year-over-year returns.
Apple Inc (AAPL) Top Institutional Holders
6474.0 institutions hold shares in Apple Inc (AAPL), with institutional investors hold 63.60% of the company’s shares. The shares outstanding are 15.12B, and float is at 15.10B with Short Float at 1.04%. Institutions hold 62.28% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 1.32 billion shares valued at $279.07 billion. The investor’s holdings represent 8.6004% of the AAPL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.05 billion shares valued at $221.2 billion to account for 6.817 of the shares outstanding. The other top investors are STATE STREET CORP which holds 528.08 million shares representing 3.4278% and valued at over $111.22 billion, while BERKSHIRE HATHAWAY INC holds 2.5964 of the shares totaling 400.0 million with a market value of $84.25 billion.
Apple Inc (AAPL) Insider Activity
The most recent transaction is an insider sale by WILLIAMS JEFFREY E, the company’s COO. SEC filings show that WILLIAMS JEFFREY E sold 100,000 shares of the company’s common stock on Dec 16 ’24 at a price of $249.97 per share for a total of $25.0 million. Following the sale, the insider now owns 0.39 million shares.
Still, SEC filings show that on Nov 18 ’24, LEVINSON ARTHUR D (Director) disposed off 75,000 shares at an average price of $228.66 for $17.15 million. The insider now directly holds 4,209,576 shares of Apple Inc (AAPL).
