In yesterday’s Wall Street session, Apple Inc (NASDAQ:AAPL) shares traded at $189.79, down -0.09% from the previous session.
As of this writing, 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 $240.00 and a low of $125.00, we find $200.00. Given the previous closing price of $189.97, this indicates a potential upside of 5.28 percent. AAPL stock price is now 6.58% away from the 50-day moving average and 8.87% away from the 200-day moving average. The market capitalization of the company currently stands at $2951.77B.
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There are 14 analysts who have given it a hold rating, whereas 22 have given it a buy rating. Brokers who have rated the stock have averaged $196.53 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, Adams Katherine L., SVP, GC and Secretary sold 123,448 shares of the company’s stock on Nov 17. The stock was sold for $23,305,748 at an average price of $188.79. Upon completion of the transaction, the SVP, GC and Secretary now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, Principal Accounting Officer KONDO CHRIS sold 4,806 shares of the business’s stock. A total of $884,496 was realized by selling the stock at an average price of $184.04. This leaves the insider owning 34,687 shares of the company worth $6.58 million. Insiders disposed of 2,029,522 shares of company stock worth roughly $385.18 million over the past 1 year. A total of 0.09% of the company’s stock is owned by insiders.
Monday morning saw Apple Inc (NASDAQ: AAPL) opened at $189.92. 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 $3.00T, which is based on a 30.96 price-to-earnings ratio, a 5.04 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for AAPL is $178.36 and a two-hundred day moving average price translates $174.53 for the stock.
The latest earnings results from Apple Inc (NASDAQ: AAPL) was released for Sep, 2023. According to the Consumer Electronics Company, earnings per share came in at $1.33, beating analysts’ expectations of $1.27 by 0.06. This compares to $1.30 EPS in the same period last year. 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. For the current quarter, analysts expect AAPL to generate $107.61B in revenue.
