How To Know If Apple Inc (NASDAQ:AAPL) Is Expensive At $188.32.

In last trading session, Apple Inc (NASDAQ:AAPL) saw 39.28 million shares changing hands with its beta currently measuring 1.31. Company’s recent per share price level of $188.32 trading at -$1.09 or -0.58% at ring of the bell on the day assigns it a market valuation of $2908.02B. That closing price of AAPL’s stock is at a discount of -6.0% from its 52-week high price of $199.62 and is indicating a premium of 23.59% from its 52-week low price of $143.90. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 59.19 million shares which gives us an average trading volume of 53.81 million if we extend that period to 3-months.

Apple Inc (NASDAQ:AAPL) trade information

Upright in the red during last session for losing -0.58%, in the last five days AAPL remained trading in the green while hitting it’s week-highest on Wednesday, 02/07/24 when the stock touched $188.32 price level, adding 1.43% to its value on the day. Apple Inc’s shares saw a change of -2.19% in year-to-date performance and have moved 0.78% in past 5-day. Apple Inc (NASDAQ:AAPL) showed a performance of 1.72% in past 30-days. Number of shares sold short was 101.26 million shares which calculate 1.83 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 5.68% of value to its shares in past 6 months, showing an annual growth rate of 7.01% while that of industry is 10.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -0.70% in the current quarter and calculating 4.80% increase in the next quarter. This year revenue growth is estimated to rise 1.30% from the last financial year’s standing.

24 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $90.99 billion for the same. And 23 analysts are in estimates of company making revenue of $83.9 billion in the next quarter that will end on Jun 2024.

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 15.55% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 7.32% while estimates for its earnings growth in next 5 years are of 11.00%.

AAPL Dividends

Apple Inc is more likely to be releasing its next quarterly report between May 02 and May 06 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.

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