Apple Inc (NASDAQ:AAPL) shares traded -1.29% lower at $193.18 on Wall Street last session.
In accordance with the data, 44 analysts cover 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 $250.00 and a low of $125.00, we find $200.00. Given the previous closing price of $195.71, this indicates a potential upside of 2.19 percent. AAPL stock price is now 6.45% away from the 50-day moving average and 9.56% away from the 200-day moving average. The market capitalization of the company currently stands at $3004.49B.
It has been rated a hold by 14 analysts and a buy by 22. Brokers who have rated the stock have averaged $197.30 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 $5.64 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 2,274,143 shares of company stock worth roughly $439.32 million over the past 1 year. A total of 0.09% of the company’s stock is owned by insiders.
Apple Inc (NASDAQ: AAPL) opened at $193.11 on Monday. 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 $3.09T, which is based on a 31.52 price-to-earnings ratio, a 5.13 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for AAPL is $181.48 and a two-hundred day moving average price translates $176.33 for the stock.
The latest earnings results from Apple Inc (NASDAQ: AAPL) was released for Sep, 2023. 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.
Apple Inc(AAPL) Company Profile
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.
