Apple Inc. (NASDAQ:AAPL) went up by 0.29% from its latest closing price compared to the recent 1-year high of $179.61. The company’s stock price has collected 6.71% of gains in the last five trading sessions. The Wall Street Journal reported on 01/11/23 that Apple Needs to Take Its Time With Augmented Reality
Is It Worth Investing in Apple Inc. (NASDAQ :AAPL) Right Now?
Apple Inc. (NASDAQ:AAPL) scored a price-to-earnings ratio above its average ratio, recording 21.86 x from its present earnings ratio. Plus, the 36-month beta value for AAPL is at 1.28. Opinions of the stock are interesting as 24 analysts out of 41 who provided ratings for Apple Inc. declared the stock was a “buy,” while 6 rated the stock as “overweight,” 8 rated it as “hold,” and 2 as “sell.”
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The average price from analysts is $170.34, which is $40.82 above the current price. AAPL currently public float of 15.90B and currently shorts hold a 0.77% ratio of that float. Today, the average trading volume of AAPL was 83.43M shares.
AAPL’s Market Performance
AAPL stocks went up by 6.71% for the week, with a monthly drop of -7.67% and a quarterly performance of -3.56%, while its annual performance rate touched -23.80%. The volatility ratio for the week stands at 2.79% while the volatility levels for the past 30 days are set at 3.05% for Apple Inc. The simple moving average for the period of the last 20 days is 1.83% for AAPL stocks with a simple moving average of -10.81% for the last 200 days.
Analysts’ Opinion of AAPL
Many brokerage firms have already submitted their reports for AAPL stocks, with Exane BNP Paribas repeating the rating for AAPL by listing it as a “Neutral.” The predicted price for AAPL in the upcoming period, according to Exane BNP Paribas is $140 based on the research report published on January 03rd of the current year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see AAPL reach a price target of $190, previously predicting the price at $200. The rating they have provided for AAPL stocks is “Overweight” according to the report published on December 20th, 2022.
Oppenheimer gave a rating of “Outperform” to AAPL, setting the target price at $170 in the report published on December 12th of the previous year.
AAPL Trading at -4.32% from the 50-Day Moving Average
After a stumble in the market that brought AAPL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.50% of loss for the given period.
Volatility was left at 3.05%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -6.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.38% lower at present.
During the last 5 trading sessions, AAPL rose by +2.99%, which changed the moving average for the period of 200-days by -25.40% in comparison to the 20-day moving average, which settled at $130.91. In addition, Apple Inc. saw 2.68% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AAPL starting from KONDO CHRIS, who sale 20,200 shares at the price of $148.72 back on Nov 22. After this action, KONDO CHRIS now owns 31,505 shares of Apple Inc., valued at $3,004,144 using the latest closing price.
Maestri Luca, the Senior Vice President, CFO of Apple Inc., sale 176,299 shares at $155.95 during a trade that took place back on Oct 28, which means that Maestri Luca is holding 110,673 shares at $27,493,275 based on the most recent closing price.
Stock Fundamentals for AAPL
Current profitability levels for the company are sitting at:
- +30.29 for the present operating margin
- +43.31 for the gross margin
The net margin for Apple Inc. stands at +25.31. Equity return is now at value 160.90, with 28.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.88.