Apple Inc (NASDAQ: AAPL) – Suitable For Long Term Buy?

Currently, there are 15.55B common shares owned by the public and among those 15.43B shares have been available to trade.

Insiders at the company have transacted a total of 59 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 1,883,994 shares. Insider sales of the common stock occurred on 45 occasions, with total insider shares sold totaling 2,271,755 shares.

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However, the script later moved the day high at 185.02, down -1.00%. The company’s stock has a 5-day price change of -0.73% and -4.26% over the past three months. AAPL shares are trading -5.20% year to date (YTD), with the 12-month market performance up to 22.57% higher. It has a 12-month low price of $143.90 and touched a high of $199.62 over the same period. AAPL has an average intraday trading volume of 53.79 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.34%, -3.52%, and -0.64% respectively.

Institutional ownership of Apple Inc (NASDAQ: AAPL) shares accounts for 61.76% of the company’s 15.55B shares outstanding.

It has a market capitalization of $2818.46B and a beta (3y monthly) value of 1.30. The stock’s trailing 12-month PE ratio is 28.40, while the earnings-per-share (ttm) stands at $6.43. The company has a PEG of 2.58 and a Quick Ratio of 1.02 with the debt-to-equity ratio at 1.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.45% over the week and 1.64% over the month.

Analysts forecast that Apple Inc (AAPL) will achieve an EPS of $1.51 for the current quarter, $1.32 for the next quarter and $7.17 for 2025. The lowest estimate earnings-per-share for the quarter is $1.46 while analysts give the company a high EPS estimate of $1.62. Comparatively, EPS for the current quarter was $1.52 a year ago. Earnings per share for the fiscal year are expected to increase by 7.14%, and 8.86% over the next financial year. EPS should shrink at an annualized rate of 11.00% over the next five years, compared to 15.55% over the past 5-year period.

Looking at the support for the AAPL, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on February 02, 2024, with the firm’s price target at $205-$190. Monness Crespi & Hardt coverage for the Apple Inc (AAPL) stock in a research note released on February 02, 2024 offered a Buy rating with a price target of $200. JP Morgan was of a view on February 02, 2024 that the stock is Overweight, while Goldman gave the stock Buy rating on February 02, 2024, issuing a price target of $223- $232. Barclays on their part issued Underweight rating on February 02, 2024.

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