Apple Inc (NASDAQ: AAPL) kicked off on Monday, down -4.82% from the previous trading day, before settling in for the closing price of $219.86. Over the past 52 weeks, AAPL has traded in a range of $164.07-$237.23.
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
A company in the Technology sector has jumped its sales by 8.34% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 9.22%. With a float of $15.32 billion, this company’s outstanding shares have now reached $15.55 billion.
In an organization with 161000 employees, it is important to assess its efficiency.
Apple Inc (AAPL) Insider Updates
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 61.92%. The most recent insider transaction that took place on Aug 05 ’24, was worth 20,643,520. Before that another transaction happened on May 30 ’24, when Company’s Director sold 75,000 for $191.58, making the entire transaction worth $14,368,500. This insider now owns 4,359,576 shares in total.
Apple Inc (AAPL) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 1.36 earnings per share (EPS), higher than consensus estimate (set at 1.3) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.10% 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 0.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.32. Likewise, its price to free cash flow for the trailing twelve months is 30.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.57, a number that is poised to hit 1.58 in the next quarter and is forecasted to reach 7.42 in one year’s time.
Technical Analysis of Apple Inc (AAPL)
Let’s dig in a bit further. During the last 5-days, its volume was 75.86 million. That was better than the volume of 63.96 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 38.59%. Additionally, its Average True Range was 6.74.
During the past 100 days, Apple Inc’s (AAPL) raw stochastic average was set at 61.78%, which indicates a significant increase from 37.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.46% in the past 14 days, which was lower than the 27.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $212.97, while its 200-day Moving Average is $189.68. However, in the short run, Apple Inc’s stock first resistance to watch stands at $216.51. Second resistance stands at $223.76. The third major resistance level sits at $234.01. If the price goes on to break the first support level at $199.01, it is likely to go to the next support level at $188.76. Assuming the price breaks the second support level, the third support level stands at $181.51.
Apple Inc (NASDAQ: AAPL) Key Stats
The company with the Market Capitalisation of 3208.97 billion has total of 15,334,081K 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 90,753 M and last quarter income was 23,636 M.
