Apple Inc (NASDAQ:AAPL) shares traded -0.16% lower at $223.96 on Wall Street last session.
AAPL stock price is now 8.65% away from the 50-day moving average and 19.52% away from the 200-day moving average. The market capitalization of the company currently stands at $3434.23B.
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With the price target enhanced from $170 to $300, Loop Capital Upgraded its rating from Hold to Buy for Apple Inc (NASDAQ: AAPL). On July 15, 2024, Morgan Stanley reiterated its ‘Overweight’ rating on the stock by increasing its target price from $216 to quote $273, while ‘BofA Securities’ 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 $976.37 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 $6.56 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 $237.23. 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 $3471661072384, which is based on a 34.83 price-to-earnings ratio, a 3.32 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for AAPL is $208.394 and a two-hundred day moving average price translates $188.3547 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.
