In yesterday’s Wall Street session, Apple Inc (NASDAQ:AAPL) shares traded at $239.59, up 0.95% from the previous session.
AAPL stock price is now 4.57% away from the 50-day moving average and 16.25% away from the 200-day moving average. The market capitalization of the company currently stands at $3658.60B.
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With the price target maintained at $236, UBS maintained Neutral rating for Apple Inc (NASDAQ: AAPL). On November 19, 2024, MoffettNathanson reiterated its ‘Neutral’ rating on the stock by increasing its target price from $211 to quote $202, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, LEVINSON ARTHUR D, Director sold 75,000 shares of the company’s stock on Nov 18 ’24. The stock was sold for $17,149,500 at an average price of $228.66. Upon completion of the transaction, the Director now directly owns 4,209,576 shares in the company, valued at $1.01 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15 ’24, Director LEVINSON ARTHUR D sold 75,000 shares of the business’s stock. A total of $16,851,000 was realized by selling the stock at an average price of $224.68. This leaves the insider owning 4,284,576 shares of the company worth $1.03 billion. 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 $237.81. 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 $3675487993856, which is based on a 39.47 price-to-earnings ratio, a 4.93 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for AAPL is $228.8844 and a two-hundred day moving average price translates $205.82645 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.
