Apple Inc (NASDAQ: AAPL) on Friday, plunged -1.22% from the previous trading day, before settling in for the closing price of $167.04. Within the past 52 weeks, AAPL’s price has moved between $162.80 and $199.62.
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During the last 5-year period, the sales growth of Technology Sector giant was 8.34%. The company achieved an average annual earnings per share of 7.06%. With a float of $15.43 billion, this company’s outstanding shares have now reached $15.55 billion.
Let’s determine the extent of company efficiency that accounts for 161000 employees.
Apple Inc (AAPL) Insider Activity
Observing investor behavior towards Consumer Electronics industry stocks is more important than anything else. The insider ownership of Apple Inc is 0.09%, while institutional ownership is 61.70%. The most recent insider transaction that took place on Apr 11 ’24, was worth 10,188,880. In this transaction COO of this company sold 59,162 shares at a rate of $172.22, taking the stock ownership to the 489,944 shares. Before that another transaction happened on Apr 11 ’24, when Company’s Senior Vice President, CFO sold 53,194 for $174.12, making the entire transaction worth $9,261,933. This insider now owns 107,788 shares in total.
Apple Inc (AAPL) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 26.68 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.06% 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
Apple Inc (AAPL) is currently performing well based on its current performance indicators. A quick ratio of 1.02 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.61. Likewise, its price to free cash flow for the trailing twelve months is 23.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.43, a number that is poised to hit 1.50 in the next quarter and is forecasted to reach 7.14 in one year’s time.
Technical Analysis of Apple Inc (AAPL)
Looking closely at Apple Inc (NASDAQ: AAPL), its last 5-days average volume was 61.88 million, which is a jump from its year-to-date volume of 61.23 million. As of the previous 9 days, the stock’s Stochastic %D was 6.18%. Additionally, its Average True Range was 3.28.
During the past 100 days, Apple Inc’s (AAPL) raw stochastic average was set at 2.60%, which indicates a significant decrease from 6.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.17% in the past 14 days, which was higher than the 19.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $175.14, while its 200-day Moving Average is $182.20. However, in the short run, Apple Inc’s stock first resistance to watch stands at $166.24. Second resistance stands at $167.48. The third major resistance level sits at $168.57. If the price goes on to break the first support level at $163.92, it is likely to go to the next support level at $162.83. Should the price break the second support level, the third support level stands at $161.59.
Apple Inc (NASDAQ: AAPL) Key Stats
Market capitalization of the company is 2547.91 billion based on 15,441,881K outstanding shares. Right now, sales total 383,285 M and income totals 96,995 M. The company made 119,575 M in profit during its latest quarter, and 33,916 M in sales during its previous quarter.
