Apple Inc (NASDAQ:AAPL) shares, rose in value, with the stock price down by -0.17% to the previous day’s close as strong demand from buyers drove the stock to $247.54.
Actively observing the price movement in the recent trading, the stock is buoying the session at $247.96, falling within a range of $247.35 and $249.2902. The value of beta (5-year monthly) is 1.24 whereas the PE ratio is 40.78 over 12-month period. Referring to stock’s 52-week performance, its high was $250.80, and the low was $164.07. On the whole, AAPL has fluctuated by 9.96% over the past month.
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With the market capitalization of Apple Inc currently standing at about $3741.77 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.99, with its dividend yield at 0.40%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 414.46B, with a low estimate of 119.56B and a high estimate of 129.89B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 124.37B.
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 5.10, with the price of AAPL currently trading nearly 4.08% and 6.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.89, while the 7-day volatility ratio is showing 1.52% which for the 30-day chart, stands at 1.48%. Furthermore, Apple Inc (AAPL)’s beta value is 1.22, and its average true range (ATR) is 3.47.
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 -0.17% in today’s session so far, and over the past year, it grew by 25.05%%.
Data on historical trading for Apple Inc (NASDAQ:AAPL) indicates that the trading volumes over the past 10 days have averaged 39.62 and over the past 3 months, they’ve averaged 47.54 million. According to company’s latest data on outstanding shares, there are 15.12 billion shares outstanding.
Nearly 0.09% of Apple Inc’s shares belong to company insiders and institutional investors own 62.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 154.1 million shares as on 2024-11-29, resulting in a short ratio of 3.41. According to the data, the short interest in Apple Inc (AAPL) stood at 102.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 133.04 million. The stock has risen by 28.57% 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.
