Apple Inc (NASDAQ: AAPL) Seen Running Too Hot, Let’s Look At This More Closely

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

The company’s stock has a 5-day price change of 0.06% and -11.22% over the past three months. AAPL shares are trading -10.93% year to date (YTD), with the 12-month market performance up to 8.77% higher. It has a 12-month low price of $155.98 and touched a high of $199.62 over the same period. AAPL has an average intraday trading volume of 61.18 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 -0.97%, -5.52%, and -6.59% respectively.

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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 $2647.98B and a beta (3y monthly) value of 1.28. The stock’s trailing 12-month PE ratio is 26.68, while the earnings-per-share (ttm) stands at $6.43. The company has a PEG of 2.43 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 1.47% over the week and 1.78% over the month.

Earnings per share for the fiscal year are expected to increase by 7.17%, and 8.79% 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. DZ Bank stated their Hold rating for the stock in a research note on March 28, 2024, with the firm’s price target at $180. Piper Sandler coverage for the Apple Inc (AAPL) stock in a research note released on February 02, 2024 offered a Neutral rating with a price target of $190. Monness Crespi & Hardt was of a view on February 02, 2024 that the stock is Buy, while JP Morgan gave the stock Overweight rating on February 02, 2024, issuing a price target of $225- $215. Goldman on their part issued Buy rating on February 02, 2024.

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