Apple Inc (AAPL) recent activity suggests a positive outlook with the last week’s performance of -0.28%

Apple Inc (NASDAQ: AAPL) kicked off on Monday, down -0.90% from the previous trading day, before settling in for the closing price of $188.85. Over the past 52 weeks, AAPL has traded in a range of $143.90-$199.62.

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Annual sales at Technology sector company grew by 8.34% over the past five years. While this was happening, its average annual earnings per share was recorded 7.35%. With a float of $15.43 billion, this company’s outstanding shares have now reached $15.55 billion.

Let’s look at the performance matrix of the company that is accounted for Feb 09 2024 employees.

Apple Inc (AAPL) Insider and Institutional Ownership

Our next focus will be how large-scale investors are participating in this stock of the Consumer Electronics Industry. The insider ownership of Apple Inc is 0.09%, while institutional ownership is 61.23%. The most recent insider transaction that took place on Nov 29, was worth 1,058,496. In this transaction Principal Accounting Officer of this company sold 5,513 shares at a rate of $192.00, taking the stock ownership to the 29,174 shares. Before that another transaction happened on Nov 17, when Company’s SVP, GC and Secretary sold 123,448 for $188.79, making the entire transaction worth $23,305,748. This insider now owns 0 shares in total.

Apple Inc (AAPL) Latest Financial update

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $2.18 earnings per share (EPS), higher than consensus estimate (set at $2.1) by $0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.32 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 7.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.00% during the next five years compared to 15.55% growth over the previous five years of trading.

Apple Inc (NASDAQ: AAPL) Trading Performance Indicators

Take a look at Apple Inc’s (AAPL) current performance indicators. Last quarter, stock had a quick ratio of 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.49. Likewise, its price to free cash flow for the trailing twelve months is 27.04.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.43, a number that is poised to hit 1.52 in the next quarter and is forecasted to reach 7.13 in one year’s time.

Technical Analysis of Apple Inc (AAPL)

Apple Inc (NASDAQ: AAPL) saw its 5-day average volume 44.97 million, a negative change from its year-to-date volume of 56.88 million. As of the previous 9 days, the stock’s Stochastic %D was 71.16%. Additionally, its Average True Range was 3.16.

During the past 100 days, Apple Inc’s (AAPL) raw stochastic average was set at 63.27%, which indicates a significant increase from 46.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.83% in the past 14 days, which was lower than the 17.76% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $190.43, while its 200-day Moving Average is $183.18. Nevertheless, the first resistance level for the watch stands at $188.28 in the near term. At $189.42, the stock is likely to face the second major resistance level. The third major resistance level sits at $190.16. If the price goes on to break the first support level at $186.40, it is likely to go to the next support level at $185.66. The third support level lies at $184.52 if the price breaches the second support level.

Apple Inc (NASDAQ: AAPL) Key Stats

The company with the Market Capitalisation of 2889.95 billion has total of 15,441,881K Shares Outstanding. Its annual sales at the moment are 383,285 M in contrast with the sum of 96,995 M annual income. Company’s last quarter sales were recorded 89,498 M and last quarter income was 22,956 M.