JP Morgan raised the price target for the Apple Inc. (NASDAQ:AAPL) stock to “an Overweight”. The rating was released on July 06, 2021. We previously noted in another research note published on June 24, 2021 by Morgan Stanley that reiterated the stock to an Overweight with a price target of $162 for AAPL stock. The research report from New Street has downgraded the stock from Neutral to Sell, with a price target set at $90. The stock was upgraded by Goldman, who disclosed in a research note on April 29, 2021, from Sell to Neutral and set the price objective to $130. In their research brief published April 06, 2021, Morgan Stanley analysts reiterated the Apple Inc. stock to Overweight with a price target of $156.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $1.4 during the last quarter as opposed to a consensus estimate of $0.99, which indicates the company beat its estimate by $0.41, which implies that the company surprised the market by 41.40%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $1. This is an average of 28 analysts’ earnings, where the high earnings per share estimate is $1.16 and the low earnings per share estimate is $0.82. According to 25 analyst estimates, an average revenue estimate of $72.93B is projected for the current quarter with a high revenue estimate of $77.15B and a low estimate of $65.68B.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Apple Inc. (NASDAQ:AAPL) dipped -0.42% to close Monday’s market session at $144.50, lower as compared to yesterday’s close. The stock price fluctuated between $144.00 and $146.32 throughout the trading session with the volume trading being 76006432 shares, which represented a significant variation when compared to the three months average volume of 83.10 million shares. The firm’s stock price fluctuated 3.24% within the last five trades and 14.58% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 9.43% in the last 6 months and 10.10% was added to its value over the previous 3 months. AAPL stock is trading at a margin of 6.78%, 10.95% and 14.61% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, AAPL deals in the Technology domain. The stock is trading -0.79 percent below its 52-week high and 62.10 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 47.12. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Apple Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 27.30 percent and the profit margin is 23.50 percent, and the company has reported a gross margin of 39.90 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2380.29 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Apple Inc. (NASDAQ:AAPL) is 32.43. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 27.06. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 7.31 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 34.99, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.07 percent of Apple Inc. shares are owned by insiders, and 58.60 percent are held by financial institutions. Adams Katherine L., the SVP, GC and Secretary at Apple Inc. (AAPL) has sold 17,000 shares of firm on May 03 at a price of $132.80 against the total amount of $2.26 million. In another inside trade, Maestri Luca, Senior Vice President, CFO of Apple Inc. (NASDAQ:AAPL) sold 121,072 shares of the firm on May 03 for a total worth of $16.08 million at a price of $132.81. An inside trade which took place on Apr 16, Senior Vice President of Apple Inc. O’BRIEN DEIRDRE sold 18,216 shares of firm against total price of $2.44 million at the cost of $134.01 per share.