Apple Inc (AAPL) poses a Brand-New Opportunity for Investors with beta value of 1.24

Witnessing the stock’s movement on the chart, on Thursday, Apple Inc (NASDAQ: AAPL) had a quiet start as it plunged -0.83% to $224.53, before settling in for the price of $226.40 at the close. Taking a more long-term approach, AAPL posted a 52-week range of $164.07-$237.23.

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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 8.34%. Meanwhile, its Annual Earning per share during the time was 15.55%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 9.35%. This publicly-traded company’s shares outstanding now amounts to $15.55 billion, simultaneously with a float of $15.19 billion. The organization now has a market capitalization sitting at $3413.78 billion. At the time of writing, stock’s 50-day Moving Average stood at $219.86, while the 200-day Moving Average is $192.76.

Apple Inc (AAPL) Ownership Facts and Figures

Nothing is more important than checking the behaviour of major investors towards the stock of the Consumer Electronics industry. Apple Inc’s current insider ownership accounts for 0.09%, in contrast to 62.65% institutional ownership. According to the most recent insider trade that took place on Aug 15 ’24, this organization’s Principal Accounting Officer sold 8,706 shares at the rate of 225.00, making the entire transaction reach 1,958,850 in total value, affecting insider ownership by 15,419. Preceding that transaction, on Aug 09 ’24, Company’s Principal Accounting Officer sold 5,178 for 216.50, making the whole transaction’s value amount to 1,121,037. This particular insider is now the holder of 24,125 in total.

Apple Inc (AAPL) Earnings and Revenue Records

Apple Inc’s EPS increase for this current 12-month fiscal period is 9.35% and is forecasted to reach 7.45 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 11.10% through the next 5 years, which can be compared against the 15.55% growth it accomplished over the previous five years trading on the market.

Apple Inc (NASDAQ: AAPL) Trading Performance Indicators

Let’s observe the current performance indicators for Apple Inc (AAPL). It’s Quick Ratio in the last reported quarter now stands at 0.91. The Stock has managed to achieve an average true range (ATR) of 5.05. Alongside those numbers, its PE Ratio stands at $34.19, and its Beta score is 1.24. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 8.85. Similarly, its price to free cash flow for trailing twelve months is now 32.72.

In the same vein, AAPL’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 6.57, a figure that is expected to reach 1.59 in the next quarter, and analysts are predicting that it will be 7.45 at the market close of one year from today.

Technical Analysis of Apple Inc (AAPL)

Going through the that latest performance of [Apple Inc, AAPL]. Its last 5-days volume of 38.76 million was inferior to the volume of 62.45 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 85.54% While, its Average True Range was 4.66.

Raw Stochastic average of Apple Inc (AAPL) in the period of the previous 100 days is set at 82.64%, which indicates a major fall in contrast to 88.22% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 25.92% that was lower than 26.05% volatility it exhibited in the past 100-days period.