During the recent session, Apple Inc (NASDAQ:AAPL)’s traded shares were 5.85 million, with the beta value of the company hitting 1.24. At the last check today, the stock’s price was $228.56, reflecting an intraday loss of -0.21% or -$0.48. The 52-week high for the AAPL share is $237.23, that puts it down -3.79 from that peak though still a striking 28.22% gain since the share price plummeted to a 52-week low of $164.07. The company’s market capitalization is $3475.05B, and the average intraday trading volume over the past 10 days was 38.91 million shares, and the average trade volume was 52.66 million shares over the past three months.
Apple Inc (AAPL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.92. AAPL has a Sell rating from 2 analyst(s) out of 38 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 27 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.55.
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Apple Inc (NASDAQ:AAPL) trade information
Apple Inc (AAPL) registered a -0.21% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.21% in intraday trading to $228.56, hitting a weekly high. The stock’s 5-day price performance is 0.78%, and it has moved by 2.60% in 30 days. Based on these gigs, the overall price performance for the year is 27.12%. The short interest in Apple Inc (NASDAQ:AAPL) is 141.74 million shares and it means that shorts have 2.32 day(s) to cover.
The consensus price target of analysts on Wall Street is $230, which implies an increase of 0.63% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $140 and $643 respectively. As a result, AAPL is trading at a discount of -181.33% off the target high and 38.75% off the low.
Apple Inc (AAPL) estimates and forecasts
Statistics show that Apple Inc has underperformed its competitors in share price, compared to the industry in which it operates. Apple Inc (AAPL) shares have gone up 29.46% during the last six months, with a year-to-date growth rate less than the industry average at 8.48% against 11.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 14.00% this quarter and then jump 9.20% in the quarter after that. In the rating firms’ projections, revenue will increase 9.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 94.39B as predicted by 26 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to 128.18B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 83.6B and 111.69B respectively. In this case, analysts expect current quarter sales to grow by 12.90% and then jump by 14.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.55%. While earnings are projected to return 8.87% in 2024, the next five years will return 8.00% per annum.
AAPL Dividends
Apple Inc is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Apple Inc is 0.98, with the dividend yield indicating at 0.43 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.64%.
Apple Inc (NASDAQ:AAPL)’s Major holders
Apple Inc insiders own 2.70% of total outstanding shares while institutional holders control 60.98%, with the float percentage being 62.68%. VANGUARD GROUP INC is the largest shareholder of the company, while 6439.0 institutions own stock in it. As of 2024-06-30, the company held over 1.32 billion shares (or 8.6004% of all shares), a total value of $279.07 billion in shares.
The next largest institutional holding, with 1.05 billion shares, is of BLACKROCK INC.’s that is approximately 6.817% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $221.2 billion.
