The price of Apple Inc (NASDAQ:AAPL) shares last traded on Wall Street rose 0.60% to $217.53.
AAPL stock price is now 1.29% away from the 50-day moving average and 14.23% away from the 200-day moving average. The market capitalization of the company currently stands at $3307.35B.
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With the price target enhanced from $205 to $245, Monness Crespi & Hardt maintained Buy rating for Apple Inc (NASDAQ: AAPL). On August 02, 2024, Maxim Group reiterated its ‘Hold’ rating on the stock by increasing its target price from $195 to quote $203, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, KATHERINE L ADAMS, Officer bought 100,000 shares of the company’s stock on Aug 05 ’24. The stock was bought for $20,643,520 at an average price of $206.44. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05 ’24, SVP, GC and Secretary Adams Katherine L. sold 100,000 shares of the business’s stock. A total of $20,643,512 was realized by selling the stock at an average price of $206.44. This leaves the insider owning 191,543 shares of the company worth $41.67 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 1.52, a current ratio of 0.95, and a quick ratio of 0.91. According to the stock market information, the enterprise value for the company is $3346859032576, which is based on a 33.12 price-to-earnings ratio, a 2.98 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for AAPL is $215.2808 and a two-hundred day moving average price translates $190.6497 for the stock.
The latest earnings results from Apple Inc (NASDAQ: AAPL) was released for 2024-06-29. The net profit margin was 26.44% and return on equity was 160.58% for AAPL. The company reported revenue of $85.78 billion for the quarter, compared to $81.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.87 percent.
