In the latest trading session, 8.65 million Apple Inc (NASDAQ:AAPL) shares changed hands as the company’s beta touched 1.23. With the company’s most recent per share price at $235.69 changing hands around $0.69 or 0.29% at last look, the market valuation stands at $3583.45B. AAPL’s current price is a discount, trading about -0.76% off its 52-week high of $237.49. The share price had its 52-week low at $164.07, which suggests the last value was 30.39% up since then. When we look at Apple Inc’s average trading volume, we note the 10-day average is 38.3 million shares, with the 3-month average coming to 51.17 million.
Analysts gave the Apple Inc (AAPL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.90. If we narrow down to specifics, the data shows that 2 out of 38 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 8 recommended AAPL as a Hold, 27 felt it is a Buy and 0 rated the stock as Underweight. Apple Inc’s EPS for the current quarter is expected to be 1.55.
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Apple Inc (NASDAQ:AAPL) trade information
Instantly AAPL is in green as seen in intraday trades today. With action 1.90%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 22.42%, with the 5-day performance at 1.90% in the green. However, in the 30-day time frame, Apple Inc (NASDAQ:AAPL) is 3.28% up. Looking at the short shares, we see there were 141.74 million shares sold at short interest cover period of 2.32 days.
The consensus price target for the stock as assigned by Wall Street analysts is 230, meaning bulls need a downside of -2.47% from its recent market value. According to analyst projections, AAPL’s forecast low is 140 with 643 as the target high. To hit the forecast high, the stock’s price needs a -172.82% plunge from its current level, while the stock would need to tank 40.6% for it to hit the projected low.
Apple Inc (AAPL) estimates and forecasts
Data shows that the Apple Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 42.12% over the past 6 months, a 8.48% in annual growth rate that is considerably lower than the industry average of 11.00%. Year-over-year growth is forecast to reach 9.00% up from the last financial year.
Consensus estimates given by 26 financial analysts project the company’s revenue in the current quarter to hit an average of 94.39B. 20 analysts are of the opinion that Apple Inc’s revenue for the current quarter will be 128.18B. The company’s revenue for the corresponding quarters a year ago was 83.6B and 111.69B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.90%. The estimates for the next quarter sales put growth at 14.80%.
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 9.38%, but the outlook for the next 5-year period is at 9.54% per year.
AAPL Dividends
Apple Inc is expected to release its next quarterly earnings report on 2024-Oct-31. The 0.42% annual yield figure for the share gives it an annual dividend of 0.98. It is important to note, however, that the 0.42% 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. During the past 5 years, the average dividend yield was 0.64 per year.
Apple Inc (NASDAQ:AAPL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.70% of Apple Inc shares while 60.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 62.56%. There are 60.87% institutions holding the Apple Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.6004% of the shares, roughly 1.32 billion AAPL shares worth $279.07 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.817% or 1.05 billion shares worth $221.2 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 460.21 shares estimated at $108.56 billion under it, the former controlled 3.03% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.43% of the shares, roughly 369.95 shares worth around $87.27 billion.
