On November 20, 2023, Apple Inc (NASDAQ: AAPL) opened at $189.89, higher 0.93% from the last session. During the day, the shares moved up to $191.905 and dropped to $189.88 before settling in for the closing price of $189.69. Price fluctuations for AAPL have ranged from $124.17 to $198.23 over the past 52 weeks.
Technology Sector giant saw their annual sales surged by 8.34% over the last five years. Company’s average yearly earnings per share was noted 6.73% at the time writing. With a float of $15.54 billion, this company’s outstanding shares have now reached $15.55 billion.
The firm has a total of 161000 workers. Let’s measure their productivity. In terms of profitability, gross margin is +44.13, operating margin of +29.82, and the pretax margin is +29.67.
Apple Inc (AAPL) Insider Activity
A key investor’s attitude towards the stock of the Consumer Electronics industry is another important factor to consider. The insider ownership of Apple Inc is 0.09%, while institutional ownership is 60.90%. The most recent insider transaction that took place on Nov 17, was worth 23,305,748. In this transaction SVP, GC and Secretary of this company sold 123,448 shares at a rate of $188.79, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 10, when Company’s Principal Accounting Officer sold 4,806 for $184.04, making the entire transaction worth $884,496. This insider now owns 34,687 shares in total.
Apple Inc (AAPL) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $1.46 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.39) by $0.07. This company achieved a net margin of +25.31 while generating a return on equity of 171.95. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.73% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.14% during the next five years compared to 15.55% growth over the previous five years of trading.
Apple Inc (NASDAQ: AAPL) Trading Performance Indicators
Check out the current performance indicators for Apple Inc (AAPL). In the past quarter, the stock posted a quick ratio of 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.77. Likewise, its price to free cash flow for the trailing twelve months is 29.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.13, a number that is poised to hit 2.09 in the next quarter and is forecasted to reach 7.12 in one year’s time.
Technical Analysis of Apple Inc (AAPL)
Analysing the last 5-days average volume posted by the [Apple Inc, AAPL], we can find that recorded value of 53.16 million was lower than the volume posted last year of 60.41 million. As of the previous 9 days, the stock’s Stochastic %D was 92.17%. Additionally, its Average True Range was 2.96.
During the past 100 days, Apple Inc’s (AAPL) raw stochastic average was set at 79.18%, which indicates a significant decrease from 97.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.98% in the past 14 days, which was lower than the 20.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $177.15, while its 200-day Moving Average is $173.77. Now, the first resistance to watch is $192.28. This is followed by the second major resistance level at $193.10. The third major resistance level sits at $194.30. If the price goes on to break the first support level at $190.25, it is likely to go to the next support level at $189.05. Should the price break the second support level, the third support level stands at $188.23.
Apple Inc (NASDAQ: AAPL) Key Stats
There are currently 15,552,752K shares outstanding in the company with a market cap of 2977.58 billion. Presently, the company’s annual sales total 383,285 M according to its annual income of 96,995 M. Last quarter, the company’s sales amounted to 89,498 M and its income totaled 22,956 M.