Apple Inc (NASDAQ:AAPL) shares traded 0.64% higher at $173.72 on Wall Street last session.
AAPL stock price is now -5.22% away from the 50-day moving average and -5.50% away from the 200-day moving average. The market capitalization of the company currently stands at $2682.57B.
With the price target reduced from $205 to $190, Piper Sandler maintained Neutral rating for Apple Inc (NASDAQ: AAPL). On February 02, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $189 to quote $200, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, LEVINSON ARTHUR D, Director sold 100,000 shares of the company’s stock on Feb 29 ’24. The stock was sold for $18,094,000 at an average price of $180.94. Upon completion of the transaction, the Director now directly owns 4,434,576 shares in the company, valued at $770.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’23, Principal Accounting Officer KONDO CHRIS sold 5,513 shares of the business’s stock. A total of $1,058,496 was realized by selling the stock at an average price of $192.00. This leaves the insider owning 29,174 shares of the company worth $5.07 million. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, Apple Inc has had a low of $151.64 and a high of $199.62. As of last week, the company has a debt-to-equity ratio of 1.46, a current ratio of 1.07, and a quick ratio of 1.02. According to the stock market information, the enterprise value for the company is $2.72T, which is based on a 27.03 price-to-earnings ratio, a 2.46 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for AAPL is $183.12 and a two-hundred day moving average price translates $183.82 for the stock.
The latest earnings results from Apple Inc (NASDAQ: AAPL) was released for Dec, 2023. According to the Consumer Electronics Company, earnings per share came in at $2, beating analysts’ expectations of $1.92 by 0.08. This compares to $1.88 EPS in the same period last year. The net profit margin was 26.16% and return on equity was 154.27% for AAPL. The company reported revenue of $119.58 billion for the quarter, compared to $117.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.07 percent. For the current quarter, analysts expect AAPL to generate $83.29B in revenue.
