The price of Apple Inc (NASDAQ:AAPL) shares last traded on Wall Street fell -0.95% to $189.43.
Based on available information, 44 analysts follow Apple Inc (NASDAQ:AAPL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $240.00 and a low of $125.00, we find $200.00. Given the previous closing price of $191.24, this indicates a potential upside of 4.58 percent. AAPL stock price is now 5.56% away from the 50-day moving average and 8.08% away from the 200-day moving average. The market capitalization of the company currently stands at $2946.17B.
Among analysts, 14 rate the stock a hold while 22 rate it a buy. Brokers who have rated the stock have averaged $196.53 as their price target over the next twelve months.
With the price target reduced from $220 to $195, Jefferies maintained Buy rating for Apple Inc (NASDAQ: AAPL).
In other news, KONDO CHRIS, Principal Accounting Officer sold 5,513 shares of the company’s stock on Nov 29. The stock was sold for $1,058,496 at an average price of $192.00. Upon completion of the transaction, the Principal Accounting Officer now directly owns 29,174 shares in the company, valued at $5.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17, SVP, GC and Secretary Adams Katherine L. sold 123,448 shares of the business’s stock. A total of $23,305,748 was realized by selling the stock at an average price of $188.79. Insiders disposed of 2,276,418 shares of company stock worth roughly $431.22 million over the past 1 year. A total of 0.09% of the company’s stock is owned by insiders.
A candlestick chart of Apple Inc (NASDAQ: AAPL) showed a price of $189.98 on Monday morning. During the past 12 months, Apple Inc has had a low of $124.17 and a high of $198.23. As of last week, the company has a debt-to-equity ratio of 1.99, a current ratio of 0.99, and a quick ratio of 0.94. According to the stock market information, the enterprise value for the company is $3.02T, which is based on a 30.90 price-to-earnings ratio, a 5.03 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for AAPL is $179.45 and a two-hundred day moving average price translates $175.27 for the stock.
The latest earnings results from Apple Inc (NASDAQ: AAPL) was released for Sep, 2023. According to the Consumer Electronics Company, earnings per share came in at $1.46, beating analysts’ expectations of $1.39 by 0.07. This compares to $1.30 EPS in the same period last year. The net profit margin was 25.31% and return on equity was 171.95% for AAPL. The company reported revenue of $89.5 billion for the quarter, compared to $90.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.72 percent. For the current quarter, analysts expect AAPL to generate $117.84B in revenue.
