The trading price of Apple Inc (NASDAQ:AAPL) closed higher on Friday, August 02, closing at $219.86, 0.69% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 33.46. In examining the 52-week price action we see that the stock hit a 52-week high of $237.23 and a 52-week low of $164.07. Over the past month, the stock has lost -0.76% in value.
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Apple Inc, whose market valuation is $3371.36 billion at the time of this writing. The dividend yield on the company stock is 0.44%, while its Forward Dividend ratio is 0.97. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 1.56 per share this quarter, however they have predicted annual earnings per share of 6.62 for current year and 7.33 for next year.
Analysts have forecast the company to bring in revenue of 94.13B for the current quarter, with the likely lows of 91.5B and highs of 95.31B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 389.49B.
On the technical side, indicators suggest AAPL has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 3.01, which symbolizes a positive outlook. A quick review shows that AAPL’s price is currently -2.31% off the SMA20 and 3.68% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.79, and weekly volatility stands at 2.42%. When measured over the past 30 days, the indicator reaches 2.23%. Apple Inc (NASDAQ:AAPL)’s beta value is currently sitting at 1.24, while the Average True Range indicator is currently displaying 5.42.
To see how Apple Inc stock has been performing in comparison to its peers in the industry, here are the numbers: AAPL stock’s performance was 0.69% in the latest trading, and 14.17% in the past year. Apple Inc has a P/E ratio of 33.46.
An evaluation of the daily trading volume of Apple Inc (NASDAQ:AAPL) indicates that the 3-month average is 67.08 million.
Currently, records show that 15.55 billion of the company’s shares remain outstanding. The insiders hold 0.09% of outstanding shares, whereas institutions hold 61.92%. However, since the stock’s price has seen 14.20% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
