Apple Inc (NASDAQ:AAPL) shares, rose in value, with the stock price up by 1.27% to the previous day’s close as strong demand from buyers drove the stock to $169.02.
Actively observing the price movement in the last trading, the stock closed the session at $166.90. The PE ratio was 26.30 over 12-month period. Referring to stock’s 52-week performance, its high was $199.62, and the low was $162.80. On the whole, AAPL has fluctuated by -1.07% over the past month.
The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 0.57%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AAPL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.39, with the price of AAPL currently trading nearly -0.39% and -3.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.70, while the 7-day volatility ratio is showing 1.47% which for the 30-day chart, stands at 1.61%. Furthermore, Apple Inc (AAPL)’s beta value is 1.27, and its average true range (ATR) is 3.14.
A comparison of Apple Inc (AAPL) with its peers suggests the former has fared considerably weaker in the market. AAPL showed an intraday change of 1.27% in last session, and over the past year, it grew by 2.23%%.
Data on historical trading for Apple Inc (NASDAQ:AAPL) indicates that the trading volumes over the past 3 months, they’ve averaged 61.51 million. According to company’s latest data on outstanding shares, there are 15.55 billion shares outstanding.
Nearly 0.09% of Apple Inc’s shares belong to company insiders and institutional investors own 61.70% of the company’s shares. The stock has fallen by -12.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AAPL stock heading into the next quarter.
