In yesterday’s Wall Street session, Apple Inc (NASDAQ:AAPL) shares traded at $222.64, down -3.19% from the previous session.
AAPL stock price is now -6.95% away from the 50-day moving average and 2.47% away from the 200-day moving average. The market capitalization of the company currently stands at $3348.03B.
With the price target maintained at $230, Loop Capital recently Downgraded its rating from Buy to Hold for Apple Inc (NASDAQ: AAPL). On January 22, 2025, Jefferies Downgraded its previous ‘Hold’ rating to ‘Underperform’ on the stock reducing its target price from $211.84 to quote $200.75, while ‘MoffettNathanson’ rates the stock as ‘Sell’
In other news, WILLIAMS JEFFREY E, COO sold 100,000 shares of the company’s stock on Dec 16 ’24. The stock was sold for $24,997,395 at an average price of $249.97. Upon completion of the transaction, the COO now directly owns 389,944 shares in the company, valued at $86.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Officer WILLIAMS JEFFREY E bought 100,000 shares of the business’s stock. A total of $24,997,440 was incurred on buying the stock at an average price of $249.97. 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 $164.07 and a high of $260.10. As of last week, the company has a debt-to-equity ratio of 2.09, a current ratio of 0.87, and a quick ratio of 0.83. According to the stock market information, the enterprise value for the company is $3419274739712, which is based on a 36.68 price-to-earnings ratio, a 4.58 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for AAPL is $239.2966 and a two-hundred day moving average price translates $217.01566 for the stock.
The latest earnings results from Apple Inc (NASDAQ: AAPL) was released for 2024-09-28. The net profit margin was 23.97% and return on equity was 157.41% for AAPL. The company reported revenue of $94.93 billion for the quarter, compared to $89.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.07 percent. For the current quarter, analysts expect AAPL to generate $124.12B in revenue.
