Apple Inc (NASDAQ:AAPL) shares, rose in value, with the stock price up by 0.42% to the previous day’s close as strong demand from buyers drove the stock to $236.73.
Actively observing the price movement in the recent trading, the stock is buoying the session at $235.74. The PE ratio was 37.63 over 12-month period. Referring to stock’s 52-week performance, its high was $260.10, and the low was $164.07. On the whole, AAPL has fluctuated by 1.69% over the past month.
With the market capitalization of Apple Inc currently standing at about $3556.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 0.42%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 409.12B, with a low estimate of 89.37B and a high estimate of 95.9B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 94.06B.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 75% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.82, with the price of AAPL currently trading nearly -1.05% and -0.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.06, while the 7-day volatility ratio is showing 3.26% which for the 30-day chart, stands at 2.33%. Furthermore, Apple Inc (AAPL)’s beta value is 1.25, and its average true range (ATR) is 5.90.
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 0.42% in today’s session so far, and over the past year, it grew by 35.20%%. Additionally, there is a gain of 1.23%% for Alphabet Inc. Cl A (GOOGL) in recent trading while the stock has seen an overall depriciation of 28.75%% over the past year.
Data on historical trading for Apple Inc (NASDAQ:AAPL) indicates that the trading volumes over the past 3 months, they’ve averaged 51.14 million. According to company’s latest data on outstanding shares, there are 15.04 billion shares outstanding.
Nearly 0.09% of Apple Inc’s shares belong to company insiders and institutional investors own 63.77% of the company’s shares. The stock has fallen by -5.47% 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.
