Apple Inc. (NASDAQ:AAPL) 32.72% Above Its 52-Week Low, But Can It Keep Rising? – Marketing Sentinel
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Apple Inc. (NASDAQ:AAPL) 32.72% Above Its 52-Week Low, But Can It Keep Rising?

In recent trading session, Apple Inc. (NASDAQ:AAPL) saw 22.22 million shares changing hands at last check today with its beta currently measuring 1.21. Company’s recent per share price level of $172.73 trading at $0.54 or 0.31% at last check today assigns it a market valuation of $2822.23B. That most recent trading price of AAPL’s stock is at a discount of -5.91% from its 52-week high price of $182.94 and is indicating a premium of 32.72% from its 52-week low price of $116.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 88.75 million shares which gives us an average trading volume of 91.13 million if we extend that period to 3-months.

Apple Inc. (NASDAQ:AAPL) trade information

Upright in the green today for gaining 0.31%, in the last five days AAPL remained trading in the green while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $172.73 price level, adding 2.51% to its value on the day. Apple Inc.’s shares saw a change of -3.03% in year-to-date performance and have moved 0.11% in past 5-day. Apple Inc. (NASDAQ:AAPL) showed a performance of -1.23% in past 30-days. Number of shares sold short was 113.28 million shares which calculate 1 days to cover the short interests.

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Apple Inc. (AAPL) estimates and forecasts

Statistics highlight that Apple Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 17.62% of value to its shares in past 6 months, showing an annual growth rate of 3.74% while that of industry is 6.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 11.90% in the current quarter and calculating -5.70% decrease in the next quarter. This year revenue growth is estimated to rise 4.40% from the last financial year’s standing.

22 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $118.18 billion for the same. And 22 analysts are in estimates of company making revenue of $90.42 billion in the next quarter that will end on Mar 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 22.00% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 71.40% while estimates for its earnings growth in next 5 years are of 15.68%.

AAPL Dividends

Apple Inc. is more likely to be releasing its next quarterly report between January 25 and January 31 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.51%, the share has a forward dividend of 0.88 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.17%.

Apple Inc. (NASDAQ:AAPL)’s Major holders

Insiders are in possession of 0.07% of company’s total shares while institution are holding 58.71 percent of that, with stock having share float percentage of 58.75%. Investors also watch the number of corporate investors in a company very closely, which is 58.71% institutions for Apple Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at AAPL for having 1.27 billion shares of worth $179.19 billion. And as of Sep 29, 2021, it was holding 7.72% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 1.03 billion shares on Sep 29, 2021. The number of shares represents firm’s hold over 6.26% of outstanding shares, having a total worth of $145.21 billion.

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On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 443.8 million shares of worth $62.8 billion or 2.71% of the total outstanding shares. The later fund manager was in possession of 329.78 million shares on Sep 29, 2021, making its stake of worth around $46.66 billion in the company or a holder of 2.01% of company’s stock.

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