Shares of Apple Inc. (NASDAQ:AAPL) recorded -0.98% loss during trading session on January 11th, 2019. The script traded as low as $151.51 and last traded at $152.29. 26.91 million shares changed exchanged hands during trading, an increase of 39.83% from the 30-day average session volume of 44.72M shares. The firm had previously closed at $153.80. The company has $4.79B outstanding shares, a price-to-earnings ratio of 12.54, price-to-earnings-growth ratio of 2.75and a beta of 1.13. The company has a RSI of 39.06, ATR of 5.52 and a volatility of 2.20% this week. AAPL has a 52 week low price of $142.00 and a 52 week high price of $233.47.
Investors have identified the tech company Apple Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 729.84B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Apple Inc. (AAPL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For AAPL, the company has in raw cash 25.91 billion on their books with 20.75 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 131.34 billion total, with 258.58 billion as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
AAPL were able to record 64.12 billion as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 5.62 billion. In cash movements, the company had a total of 77.43 billion as operating cash flow.
Potential earnings growth for Apple Inc. (AAPL)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Apple Inc. recorded a total of 62.9 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.16% coming in sequential stages and their sales for the third quarter increasing by 0.15%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 38.82 billion trying to sell their products during the last quarter, with the result yielding a gross income of 24.08 billion. This allows shareholders to hold on to 4.79B with the revenue now reading 2950 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (2.67 cents a share).
Is the stock of AAPL attractive?
Having a look at the company’s valuation, the company is expected to record 13.62 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on AAPL sounds very interesting.
In related news, Principal Accounting Officer KONDO CHRIS sold 3,408 shares of the company’s stock in a transaction that recorded on November 19th, 2019. The sale was performed at an average price of 190.00, for a total value of 647,520. As the sale deal closes, the Senior Vice President KONDO CHRIS now sold 14,194 shares of the company’s stock, valued at 3,235,664. Also, Senior Vice President, CFO Maestri Luca sold 100,245 shares of the company’s stock in a deal that was recorded on October 4th, 2019. The shares were sold at an average price of 228.56 per share, with a total market value of 27,324. Following this completion of acquisition, the Senior Vice President now holds 25,000 shares of the company’s stock, valued at 5,769,500. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.07%.
17 out of 41 analysts covering the stock have rated it a Buy, while 15 have maintained a Hold recommendation on Apple Inc. stock. 0 analysts has assigned a Sell rating on the AAPL stock. The 12-month mean consensus price target for the company’s shares has been set at $178.71.