In recent trading session, Apple Inc (NASDAQ:AAPL) saw 9.44 million shares changing hands at last check today with its beta currently measuring 1.22. Company’s recent per share price level of $226.82 trading at -$0.66 or -0.29% at last check today assigns it a market valuation of $3428.52B. That most recent trading price of AAPL’s stock is at a discount of -4.7% from its 52-week high price of $237.49 and is indicating a premium of 27.67% from its 52-week low price of $164.07. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 45.67 million shares which gives us an average trading volume of 47.69 million if we extend that period to 3-months.
For Apple Inc (AAPL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.96. Splitting up the data highlights that, out of 38 analysts covering the stock, 2 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 27 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 2.36 in the current quarter.
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Apple Inc (NASDAQ:AAPL) trade information
Upright in the red during last session for losing -0.29%, in the last five days AAPL remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $226.82 price level, adding 0.8% to its value on the day. Apple Inc’s shares saw a change of 17.81% in year-to-date performance and have moved 1.75% in past 5-day. Apple Inc (NASDAQ:AAPL) showed a performance of -0.97% in past 30-days. Number of shares sold short was 140.92 million shares which calculate 2.47 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 236 to the stock, which implies a rise of 3.89% to its recent value today. Analysts have been projecting 140 as a low price target for the stock while placing it at a high target of 300. It follows that stock’s current price would jump 38.28% in reaching the projected high whereas dropping to the targeted low would mean a gain of 38.28% for stock’s current value.
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 23.91% of value to its shares in past 6 months, showing an annual growth rate of 10.07% while that of industry is 11.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 5.90% from the last financial year’s standing.
26 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 124.57B for the same. And 26 analysts are in estimates of company making revenue of 96.69B in the next quarter. Company posted 111.69B and 90.01B of sales in current and next quarters respectively a year earlier.
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 15.41% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 21.43% while estimates for its earnings growth in next 5 years are of 10.50%.
AAPL Dividends
Apple Inc is more likely to be releasing its next quarterly report on 2025-Jan-30 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. With an annual yield of 0.43%, the share has a forward dividend of 0.98 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 0.63%.
Apple Inc (NASDAQ:AAPL)’s Major holders
Insiders are in possession of 2.72% of company’s total shares while institution are holding 61.34 percent of that, with stock having share float percentage of 63.06%. Investors also watch the number of corporate investors in a company very closely, which is 61.34% institutions for Apple Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at AAPL for having 1.32 billion shares of worth $279.07 billion. And as of 2024-06-30, it was holding 8.6004 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 1.05 billion shares on 2024-06-30. The number of shares represents firm’s hold over 6.817 of outstanding shares, having a total worth of $221.2 billion.
