Stocks of Apple Inc (NASDAQ:AAPL) traded higher last session on Wall Street, down -0.85% to $170.03.
AAPL stock price is now -6.21% away from the 50-day moving average and -7.35% away from the 200-day moving average. The market capitalization of the company currently stands at $2625.59B.
With the price target maintained at $180, DZ Bank recently Downgraded its rating from Buy to Hold for Apple Inc (NASDAQ: AAPL). On February 02, 2024, Piper Sandler reiterated its ‘Neutral’ rating on the stock by increasing its target price from $205 to quote $190, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
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 $754.01 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 $4.96 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 $159.35 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 $2.68T, which is based on a 26.46 price-to-earnings ratio, a 2.41 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for AAPL is $180.27 and a two-hundred day moving average price translates $183.54 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 $2.18, beating analysts’ expectations of $2.1 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 $90.79B in revenue.
