Apple Inc (NASDAQ: AAPL) Could Soar To Much Higher Prices In Coming Months

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In the last trading session, 73.35 million Apple Inc (NASDAQ:AAPL) shares changed hands as the company’s beta touched 1.26. With the company’s per share price at $172.69 changed hands at -$3.86 or -2.19% during last session, the market valuation stood at $2666.66B. AAPL’s last price was a discount, traded about -15.59% off its 52-week high of $199.62. The share price had its 52-week low at $161.42, which suggests the last value was 6.53% up since then. When we look at Apple Inc’s average trading volume, we note the 3-month average coming to 61.78 million.

Apple Inc (NASDAQ:AAPL) trade information

Instantly AAPL was in red as seen at the end of in last trading. With action 2.52%, the performance over the past five days has been green. The drop to weekly highs of 178.36 subtracted -2.19% to the stock’s daily price. The company’s shares are showing year-to-date downside of -10.30%, with the 5-day performance at 2.52% in the green. However, in the 30-day time frame, Apple Inc (NASDAQ:AAPL) is -0.18% down.

Apple Inc (AAPL) estimates and forecasts

Data shows that the Apple Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -4.44% over the past 6 months, a 6.85% in annual growth rate that is considerably higher than the industry average of 4.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 15.55%. The 2024 estimates are for Apple Inc earnings to increase by 6.99%, but the outlook for the next 5-year period is at 11.00% per year.

AAPL Dividends

Apple Inc is expected to release its next quarterly earnings report in May. The 0.56% annual yield figure for the share gives it an annual dividend of 0.96. It is important to note, however, that the 0.56% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.