In yesterday’s Wall Street session, Apple Inc (NASDAQ:AAPL) shares traded at $168.45, down -0.67% from the previous session.
AAPL stock price is now -5.86% away from the 50-day moving average and -8.02% away from the 200-day moving average. The market capitalization of the company currently stands at $2601.19B.
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, COOK TIMOTHY D, Chief Executive Officer sold 97,227 shares of the company’s stock on Apr 02 ’24. The stock was sold for $16,394,529 at an average price of $168.62. Upon completion of the transaction, the Chief Executive Officer now directly owns 3,280,180 shares in the company, valued at $552.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 02 ’24, Senior Vice President O’BRIEN DEIRDRE sold 54,732 shares of the business’s stock. A total of $9,244,782 was realized by selling the stock at an average price of $168.91. This leaves the insider owning 136,572 shares of the company worth $23.01 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 $159.78 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 $2.64T, which is based on a 26.21 price-to-earnings ratio, a 2.38 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for AAPL is $178.43 and a two-hundred day moving average price translates $183.06 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 $2.01, beating analysts’ expectations of $1.93 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 $83.5B in revenue.
