In yesterday’s Wall Street session, Apple Inc (NASDAQ:AAPL) shares traded at $228.02, up 1.34% from the previous session.
AAPL stock price is now 0.37% away from the 50-day moving average and 11.75% away from the 200-day moving average. The market capitalization of the company currently stands at $3398.08B.
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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, LEVINSON ARTHUR D, Director bought 75,000 shares of the company’s stock on Nov 18 ’24. The stock was bought for $17,149,334 at an average price of $228.66. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15 ’24, Director LEVINSON ARTHUR D bought 75,000 shares of the business’s stock. A total of $16,850,931 was incurred on buying the stock at an average price of $224.68. 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 $3454948081664, which is based on a 37.57 price-to-earnings ratio, a 3.58 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for AAPL is $227.0392 and a two-hundred day moving average price translates $203.8358 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.
