On Monday, Apple Inc (NASDAQ: AAPL) opened higher 0.15% from the last session, before settling in for the closing price of $226.84. Price fluctuations for AAPL have ranged from $164.07 to $237.23 over the past 52 weeks.
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Annual sales at Technology sector company grew by 8.34% over the past five years. Company’s average yearly earnings per share was noted 9.35% at the time writing. With a float of $15.19 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 161000 employees. In terms of profitability, gross margin is 45.96%, operating margin of 31.27%, and the pretax margin is 31.35%.
Apple Inc (AAPL) Insider Updates
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 62.45%. The most recent insider transaction that took place on Aug 15 ’24, was worth 1,958,850. In this transaction Principal Accounting Officer of this company sold 8,706 shares at a rate of $225.00, taking the stock ownership to the 15,419 shares. Before that another transaction happened on Aug 09 ’24, when Company’s Principal Accounting Officer sold 5,178 for $216.50, making the entire transaction worth $1,121,037. This insider now owns 24,125 shares in total.
Apple Inc (AAPL) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.36 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.3) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.10% during the next five years compared to 15.55% growth over the previous five years of trading.
Apple Inc (NASDAQ: AAPL) Trading Performance Indicators
Check out the current performance indicators for Apple Inc (AAPL). In the past quarter, the stock posted a quick ratio of 0.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.96. Likewise, its price to free cash flow for the trailing twelve months is 33.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.57, a number that is poised to hit 1.59 in the next quarter and is forecasted to reach 7.45 in one year’s time.
Technical Analysis of Apple Inc (AAPL)
Apple Inc (NASDAQ: AAPL) saw its 5-day average volume 35.61 million, a negative change from its year-to-date volume of 62.11 million. As of the previous 9 days, the stock’s Stochastic %D was 80.20%. Additionally, its Average True Range was 4.86.
During the past 100 days, Apple Inc’s (AAPL) raw stochastic average was set at 86.26%, which indicates a significant decrease from 94.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.75% in the past 14 days, which was lower than the 26.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $220.39, while its 200-day Moving Average is $193.22. Nevertheless, the first resistance level for the watch stands at $228.34 in the near term. At $229.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $231.73. If the price goes on to break the first support level at $224.95, it is likely to go to the next support level at $222.73. Assuming the price breaks the second support level, the third support level stands at $221.56.
Apple Inc (NASDAQ: AAPL) Key Stats
There are currently 15,334,081K shares outstanding in the company with a market cap of 3454.07 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 85,777 M and its income totaled 21,448 M.
