Apple Inc (NASDAQ:AAPL)’s traded shares stood at 12.96 million during the last session, with the company’s beta value hitting 1.23. At the last check today, the stock’s price was $224.80, to imply a decrease of -1.50% or -$3.42 in intraday trading. The AAPL share’s 52-week high remains $237.49, putting it -5.65% down since that peak but still an impressive 27.02% since price per share fell to its 52-week low of $164.07. The company has a valuation of $3398.04B, with an average of 44.92 million shares in intraday trading volume over the past 10 days and average of 47.71 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Apple Inc (AAPL), translating to a mean rating of 1.98. Of 38 analyst(s) looking at the stock, 2 analyst(s) give AAPL a Sell rating. 1 of those analysts rate the stock as Overweight while 8 advise Hold as 27 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 2.35.
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Apple Inc (NASDAQ:AAPL) trade information
After registering a -1.50% downside in the latest session, Apple Inc (AAPL) has traded red over the past five days. The 5-day price performance for the stock is -0.95%, and -3.17% over 30 days. With these gigs, the year-to-date price performance is 16.76%. Short interest in Apple Inc (NASDAQ:AAPL) saw shorts transact 133.04 million shares and set a 3.24 days time to cover.
The extremes give us $140 and $300 for target low and target high price respectively. As such, AAPL has been trading -33.45% off suggested target high and 37.72% from its likely low.
Apple Inc (AAPL) estimates and forecasts
Looking at statistics comparing Apple Inc share performance against respective industry, we note that the company has underperformed competitors. Apple Inc (AAPL) shares are 18.40% up over the last 6 months, with its year-to-date growth rate lower than industry average at 10.07% against 11.40%. Revenue is forecast to grow 8.04% this quarter before jumping 9.99% for the next one. The rating firms project that company’s revenue will grow 6.04% compared to the previous financial year.
Revenue forecast for the current quarter as set by 28 analysts is 124.41B. Meanwhile, for the current quarter, a total of 27 analyst(s) estimate revenue growth to 96.52B.Earnings reports from the last fiscal year show that sales brought in 119.58B and 90.75B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 4.05% before jumping 6.35% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 15.41% for the past 5-year period. While 2024 is set for a 21.47% return in earnings, projections for the next 5 years are at 10.50% annually.
AAPL Dividends
Apple Inc has its next earnings report out on 2025-Jan-30. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Apple Inc has a forward dividend ratio of 0.99, with the share yield ticking at 0.44% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.63%.
Apple Inc (NASDAQ:AAPL)’s Major holders
Apple Inc insiders hold 2.06% of total outstanding shares, with institutional holders owning 61.84% of the shares at 63.14% float percentage. In total, 61.84% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 1.32 billion shares (or 8.6004% of shares), all amounting to roughly $279.07 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 1.05 billion shares, or about 6.817% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $221.2 billion.
