Apple Inc (NASDAQ:AAPL) shares, rose in value, with the stock price up by 1.46% to the previous day’s close as strong demand from buyers drove the stock to $229.79.
Actively observing the price movement in the last trading, the stock closed the session at $226.49, falling within a range of $228.88 and $232.92. The value of beta (5-year monthly) was 1.244 whereas the PE ratio was 34.99 over 12-month period. Referring to stock’s 52-week performance, its high was $237.23, and the low was $164.07. On the whole, AAPL has fluctuated by 3.47% over the past month.
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With the market capitalization of Apple Inc currently standing at about $3493.75 billion, investors are eagerly awaiting this quarter’s results, scheduled for in September. The company’s Forward Dividend Ratio is 0.98, with its dividend yield at 0.43%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 350.82B, with a low estimate of 84.18B and a high estimate of 88.04B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 84.86B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AAPL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.15, with the price of AAPL currently trading nearly 4.04% and 4.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.43, while the 7-day volatility ratio is showing 1.73% which for the 30-day chart, stands at 2.38%. Furthermore, Apple Inc (AAPL)’s beta value is 1.24, and its average true range (ATR) is 4.87.
A comparison of Apple Inc (AAPL) with its peers suggests the former has fared considerably weaker in the market. AAPL showed an intraday change of 1.46% in last session, and over the past year, it grew by 24.80%%.
Data on historical trading for Apple Inc (NASDAQ:AAPL) indicates that the trading volumes over the past 10 days have averaged 38.89 and over the past 3 months, they’ve averaged 63.64 million. According to company’s latest data on outstanding shares, there are 15.55 billion shares outstanding.
Nearly 0.09% of Apple Inc’s shares belong to company insiders and institutional investors own 62.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 121.6 million shares as on 2024-08-15, resulting in a short ratio of 2.19. According to the data, the short interest in Apple Inc (AAPL) stood at 80.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 135.38 million. The stock has risen by 19.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AAPL stock heading into the next quarter.
