Apple Inc (NASDAQ:AAPL) has a beta value of 1.20 and has seen 14.16 million shares traded in the recent trading session. The company, currently valued at $3575.71B, closed the recent trade at $237.78 per share which meant it lost -$0.48 on the day or -0.20% during that session. The AAPL stock price is -9.39% off its 52-week high price of $260.10 and 31.0% above the 52-week low of $164.07. If we look at the company’s 10-day average daily trading volume, we find that it stood at 66.71 million shares traded. The 3-month trading volume is 49.42 million shares.
The consensus among analysts is that Apple Inc (AAPL) is Buy stock at the moment, with a recommendation rating of 2.15. 2 analysts rate the stock as a Sell, while 1 rate it as Overweight. 8 out of 38 have rated it as a Hold, with 27 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 2.34.
Apple Inc (NASDAQ:AAPL) trade information
Sporting -0.20% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AAPL stock price touched $237.78 or saw a rise of 1.0%. Year-to-date, Apple Inc shares have moved -5.05%, while the 5-day performance has seen it change 6.23%. Over the past 30 days, the shares of Apple Inc (NASDAQ:AAPL) have changed -8.20%. Short interest in the company has seen 135.19 million shares shorted with days to cover at 2.74.
Wall Street analysts have a consensus price target for the stock at $260, which means that the shares’ value could jump 8.55% from the levels at last check today. The projected low price target is $186.0 while the price target rests at a high of $300.0. In that case, then, we find that the latest price level in today’s session is -26.17% off the targeted high while a plunge would see the stock lose 21.78% from the levels at last check today.
Apple Inc (AAPL) estimates and forecasts
Figures show that Apple Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 8.95% over the past 6 months, with this year growth rate of 9.33%, compared to 13.80% for the industry. Revenue growth from the last financial year stood is estimated to be 5.23%.
29 analysts offering their estimates for the company have set an average revenue estimate of 124.03B for the current quarter. 29 have an estimated revenue figure of 95.37B for the next ending quarter. Year-ago sales stood 119.58B and 90.75B respectively for this quarter and the next, and analysts expect sales will grow by 3.72% for the current quarter and 5.23% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 15.41% over the past 5 years. Earnings growth for 2025 is a modest 20.82% while over the next 5 years, the company’s earnings are expected to increase by 14.07%.
AAPL Dividends
Apple Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.99 at a share yield of 0.42%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.61%.
Apple Inc (NASDAQ:AAPL)’s Major holders
Insiders own 2.07% of the company shares, while shares held by institutions stand at 62.32% with a share float percentage of 63.63%. Investors are also buoyed by the number of investors in a company, with Apple Inc having a total of 6558.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 1.32 billion shares worth more than $279.07 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.6004% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 1.05 billion shares as of 2024-06-30. The firm’s total holdings are worth over $221.2 billion and represent 6.817% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Sep 30, 2024, the former fund manager holds about 3.04% shares in the company for having 457.85 shares of worth $108.59 billion while later fund manager owns 398.08 shares of worth $94.42 billion as of Sep 30, 2024, which makes it owner of about 2.65% of company’s outstanding stock.
