In yesterday’s Wall Street session, Apple Inc (NASDAQ:AAPL) shares traded at $216.67, up 1.97% from the previous session.
AAPL stock price is now 18.17% away from the 50-day moving average and 18.77% away from the 200-day moving average. The market capitalization of the company currently stands at $3322.44B.
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With the price target enhanced from $200 to $230, DA Davidson Upgraded its rating from Neutral to Buy for Apple Inc (NASDAQ: AAPL). On May 03, 2024, Itau BBA Upgraded its previous ‘Underperform’ rating to ‘Market Perform’ on the stock increasing its target price from $162 to quote $188, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
In other news, LEVINSON ARTHUR D, Director sold 75,000 shares of the company’s stock on May 30 ’24. The stock was sold for $14,368,500 at an average price of $191.58. Upon completion of the transaction, the Director now directly owns 4,359,576 shares in the company, valued at $944.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, Principal Accounting Officer KONDO CHRIS sold 4,999 shares of the business’s stock. A total of $951,785 was realized by selling the stock at an average price of $190.40. This leaves the insider owning 29,278 shares of the company worth $6.34 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 $164.07 and a high of $220.20. As of last week, the company has a debt-to-equity ratio of 1.41, a current ratio of 1.04, and a quick ratio of 0.99. According to the stock market information, the enterprise value for the company is $3359875530752, which is based on a 33.69 price-to-earnings ratio, a 3.21 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for AAPL is $184.3006 and a two-hundred day moving average price translates $182.56935 for the stock.
The latest earnings results from Apple Inc (NASDAQ: AAPL) was released for 2024-03-30. The net profit margin was 26.31% and return on equity was 147.25% for AAPL. The company reported revenue of $90.75 billion for the quarter, compared to $94.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.31 percent.
