May 19, 2023, Apple Inc. (NASDAQ: AAPL) trading session started at the price of $176.39, that was 0.06% jump from the session before. During the day, the shares moved up to $176.39 and dropped to $174.94 before settling in for the closing price of $175.05. A 52-week range for AAPL has been $124.17 – $176.15.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Technology sector company grew by 11.50% over the past five years. When this article was written, the company’s average yearly earnings per share was at 8.90%. With a float of $15.71 billion, this company’s outstanding shares have now reached $15.79 billion.
Let’s look at the performance matrix of the company that is accounted for 164000 employees. In terms of profitability, gross margin is +43.31, operating margin of +30.29, and the pretax margin is +30.20.
Apple Inc. (AAPL) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Apple Inc. stocks. The insider ownership of Apple Inc. is 0.07%, while institutional ownership is 60.10%. The most recent insider transaction that took place on May 08, was worth 708,980. In this transaction Principal Accounting Officer of this company sold 4,092 shares at a rate of $173.26, taking the stock ownership to the 33,946 shares. Before that another transaction happened on Apr 13, when Company’s Senior Vice President, CFO sold 69,996 for $165.25, making the entire transaction worth $11,566,839. This insider now owns 107,661 shares in total.
Apple Inc. (AAPL) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 3/30/2023, it has been observed that the corporation posted $1.52 earnings per share (EPS) during the time that was better than consensus figure (set at $1.43) by $0.09. This company achieved a net margin of +25.31 while generating a return on equity of 175.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.02% during the next five years compared to 21.60% growth over the previous five years of trading.
Apple Inc. (NASDAQ: AAPL) Trading Performance Indicators
You can see what Apple Inc. (AAPL) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.15. Likewise, its price to free cash flow for the trailing twelve months is 33.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.89, a number that is poised to hit 1.19 in the next quarter and is forecasted to reach 6.54 in one year’s time.
Technical Analysis of Apple Inc. (AAPL)
Apple Inc. (NASDAQ: AAPL) saw its 5-day average volume 51.73 million, a negative change from its year-to-date volume of 63.65 million. As of the previous 9 days, the stock’s Stochastic %D was 76.63%. Additionally, its Average True Range was 2.66.
During the past 100 days, Apple Inc.’s (AAPL) raw stochastic average was set at 97.64%, which indicates a significant increase from 89.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.87% in the past 14 days, which was lower than the 23.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $164.52, while its 200-day Moving Average is $152.14. Nevertheless, the first resistance level for the watch stands at $176.05 in the near term. At $176.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $177.50. If the price goes on to break the first support level at $174.60, it is likely to go to the next support level at $174.05. The third support level lies at $173.15 if the price breaches the second support level.
Apple Inc. (NASDAQ: AAPL) Key Stats
There are 15,728,702K outstanding shares of the company, which has a market capitalization of 2753.31 billion. As of now, sales total 394,328 M while income totals 99,803 M. Its latest quarter income was 94,836 M while its last quarter net income were 24,160 M.
