Apple Inc (NASDAQ:AAPL) shares traded -1.20% lower at $224.23 on Wall Street last session.
AAPL stock price is now -1.10% away from the 50-day moving average and 10.42% away from the 200-day moving average. The market capitalization of the company currently stands at $3381.67B.
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With the price target reduced from $300 to $275, Loop Capital maintained Buy rating for Apple Inc (NASDAQ: AAPL). On November 01, 2024, Maxim Group reiterated its ‘Hold’ rating on the stock by increasing its target price from $203 to quote $215, while ‘KeyBanc Capital Markets’ rates the stock as ‘Underweight’
In other news, Maestri Luca, Senior Vice President, CFO sold 59,305 shares of the company’s stock on Oct 04 ’24. The stock was sold for $13,433,769 at an average price of $226.52. Upon completion of the transaction, the Senior Vice President, CFO now directly owns 107,788 shares in the company, valued at $24.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04 ’24, Officer Luca Maestri bought 59,305 shares of the business’s stock. A total of $13,383,359 was incurred on buying the stock at an average price of $225.67. 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 $237.49. As of last week, the company has a debt-to-equity ratio of 2.09, a current ratio of 0.87, and a quick ratio of 0.83. According to the stock market information, the enterprise value for the company is $3484575072256, which is based on a 36.94 price-to-earnings ratio, a 3.52 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for AAPL is $226.8196 and a two-hundred day moving average price translates $202.91905 for the stock.
The latest earnings results from Apple Inc (NASDAQ: AAPL) was released for 2024-09-28. The net profit margin was 23.97% and return on equity was 157.41% for AAPL. The company reported revenue of $94.93 billion for the quarter, compared to $89.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.07 percent.
