In today’s recent session, 21.72 million shares of the Apple Inc (NASDAQ:AAPL) have been traded, and its beta is 1.24. Most recently the company’s share price was $205.24, and it changed around -$4.03 or -1.93% from the last close, which brings the market valuation of the company to $3147.17B. AAPL at last check was trading at a discount to its 52-week high of $237.23, offering almost -15.59% off that amount. The share price’s 52-week low was $164.07, which indicates that the recent value has risen by an impressive 20.06% since then. We note from Apple Inc’s average daily trading volume that its 10-day average is 61.02 million shares, with the 3-month average coming to 66.56 million.
Apple Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.88. If we narrow it down even further, the data shows that 0 out of 38 analysts rate the stock as a Sell; another 11 rate it as Overweight. Among the rest, 6 recommended AAPL as a Hold, whereas 21 deemed it a Buy, and 0 rated it as Underweight. Apple Inc is expected to report earnings per share of 1.46 for the current quarter.
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Apple Inc (NASDAQ:AAPL) trade information
Instantly AAPL has been showing red trend so far today with a performance of -1.93% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 225.60 on recent trading dayincreased the stock’s daily price by 9.02%. The company’s shares are currently up 6.60% year-to-date, but still down -6.20% over the last five days. On the other hand, Apple Inc (NASDAQ:AAPL) is -9.91% down in the 30-day period. We can see from the shorts that 135.38 million shares have been sold at a short interest cover period of 1.83 day(s).
The consensus price target as assigned by Wall Street analysts is $205, which translates to bulls needing to decrease their stock price by -0.12% from its current value. Analyst projections state that AAPL is forecast to be at a low of $110 and a high of $300.
Apple Inc (AAPL) estimates and forecasts
Apple Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 9.36 percent over the past six months and at a 8.97% annual growth rate that is well below the industry average of 19.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 7.40% in revenue this quarter, and will report an increase of 7.40% in the next quarter. The year-over-year growth rate is expected to be -0.30%, down from the previous year.
Consensus estimates provided by 24 financial analysts predict the company will bring in an average of 86.27B in revenue for the current quarter. 20 analysts expect Apple Inc to make 117.58B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 83.6B and 111.69B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.20%. Forecasts for the next quarter put sales growth at 5.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 15.55%. Apple Inc earnings are expected to increase by 9.22% in 2024, but the outlook is positive 11.10% per year for the next five years.
AAPL Dividends
Apple Inc’s next quarterly earnings report is expected to be released on 2024-Oct-31. The annual dividend yield of the stock is 0.47 percent and its annual dividend per share was 0.97. It is important to note, however, that the 0.47% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.68 per year.
Apple Inc (NASDAQ:AAPL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.26% of Apple Inc shares, and 58.23% of them are in the hands of institutional investors. The stock currently has a share float of 61.47%. Apple Inc stock is held by 6359.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 8.5034% of the shares, which is about 1.32 billion shares worth $226.16 billion.
BLACKROCK INC., with 6.7088% or 1.04 billion shares worth $178.43 billion as of 2024-03-31, holds the second largest percentage of outstanding shares.
