In the latest trading session, 6.61 million Apple Inc (NASDAQ:AAPL) shares changed hands as the company’s beta touched 1.22. With the company’s most recent per share price at $243.82 changing hands around $1.17 or 0.48% at last look, the market valuation stands at $3685.54B. AAPL’s last price was a premium, traded about 0.43% off its 52-week high of $242.76. The share price had its 52-week low at $164.07, which suggests the last value was 32.71% up since then. When we look at Apple Inc’s average trading volume, we note the 10-day average is 43.67 million shares, with the 3-month average coming to 48.31 million.
Analysts gave the Apple Inc (AAPL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.02. 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 2.35.
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Apple Inc (NASDAQ:AAPL) trade information
Instantly AAPL is in green as seen in intraday trades today. With action 3.73%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 26.64%, with the 5-day performance at 3.73% in the green. However, in the 30-day time frame, Apple Inc (NASDAQ:AAPL) is 9.82% up. Looking at the short shares, we see there were 141.04 million shares sold at short interest cover period of 3.21 days.
The consensus price target for the stock as assigned by Wall Street analysts is 255, meaning bulls need an upside of 4.38% from its recent market value. According to analyst projections, AAPL’s forecast low is 186 with 300 as the target high. To hit the forecast high, the stock’s price needs a -23.04% plunge from its current level, while the stock would need to tank 23.71% 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 24.48% over the past 6 months, a 10.07% in annual growth rate that is considerably lower than the industry average of 14.00%. Year-over-year growth is forecast to reach 5.99% up from the last financial year.
Consensus estimates given by 27 financial analysts project the company’s revenue in the current quarter to hit an average of 124.37B. 27 analysts are of the opinion that Apple Inc’s revenue for the current quarter will be 96.52B. The company’s revenue for the corresponding quarters a year ago was 119.58B and 90.75B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.01%. The estimates for the next quarter sales put growth at 6.35%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 15.41%. The 2024 estimates are for Apple Inc earnings to increase by 21.40%, but the outlook for the next 5-year period is at 8.00% per year.
AAPL Dividends
Apple Inc is expected to release its next quarterly earnings report in January. The 0.41% annual yield figure for the share gives it an annual dividend of 0.99. It is important to note, however, that the 0.41% 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 0.62 per year.
Apple Inc (NASDAQ:AAPL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.06% of Apple Inc shares while 61.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 63.20%. There are 61.90% 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.
