Apple Inc (NASDAQ:AAPL) shares traded 0.04% higher at $220.91 on Wall Street last session.
AAPL stock price is now -0.75% away from the 50-day moving average and 13.42% away from the 200-day moving average. The market capitalization of the company currently stands at $3358.74B.
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With the price target of $211, MoffettNathanson recently initiated with Neutral rating for Apple Inc (NASDAQ: AAPL). On August 02, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $205 to quote $245, while ‘Maxim Group’ rates the stock as ‘Hold’
In other news, KONDO CHRIS, Principal Accounting Officer sold 8,706 shares of the company’s stock on Aug 15 ’24. The stock was sold for $1,958,850 at an average price of $225.00. Upon completion of the transaction, the Principal Accounting Officer now directly owns 15,419 shares in the company, valued at $3.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09 ’24, Principal Accounting Officer KONDO CHRIS sold 5,178 shares of the business’s stock. A total of $1,121,037 was realized by selling the stock at an average price of $216.50. This leaves the insider owning 24,125 shares of the company worth $5.33 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 $3398248955904, which is based on a 33.63 price-to-earnings ratio, a 3.03 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for AAPL is $222.7112 and a two-hundred day moving average price translates $194.9139 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.
