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Wednesday, October 5, 2022

The Street Is Finally Waking Up To Apple Inc. (NASDAQ: AAPL)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Apple Inc. (AAPL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$4.43, or -2.82%, to $152.47. Volume reached 3,710,854 shares, with price reaching a high of $153.818 and a low of $152.22. Earlier, Yahoo Finance discussed this stock as it revealed Apple’s global phenomenon “Ted Lasso” joins ranks of the most celebrated comedies in history with back-to-back Emmy wins for Outstanding Comedy Series at the 74th Primetime Emmy Awards.


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Stocks Info

Apple Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Consumer Electronics industry. At the end of the last regular session, the stock closed at $153.72 and fluctuated between $158.74 as its day high and $153.67 as its day low. The current market capitalization of Apple Inc. is $2497.77B. A total of 100.78 million shares were traded on the day, compared to an average of 74.99M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AAPL has seen 1 BUY and 12 SELL insider trades, representing the acquisition of 31,896 and the disposition of 250,366 shares. Over the last 12 months, there were 21 BUYs and 46 SELLs from insiders. Insiders purchased 1,977,889 shares during that period but sold 1,910,891.

In the most recent transaction, Maestri Luca sold 96,735 shares of AAPL for 174.95 per share on Aug 17. After the transaction, the Senior Vice President, CFO now owns 110,673 company shares. In a previous transaction on Aug 03, Adams Katherine L. sold 25,000 shares at 164.77 per share. AAPL shares that SVP, GC and Secretary owns now total 427,334.

Among the insiders who sold shares, Adams Katherine L. disposed of 25,000 shares on May 04 at a per-share price of $161.72. This resulted in the SVP, GC and Secretary holding 452,334 shares of AAPL after the transaction. In another insider transaction, O’BRIEN DEIRDRE sold 8,000 shares at $164.91 per share on Apr 18. Company shares held by the Senior Vice President now total 136,290.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Apple Inc. pays an annual dividend of $0.92, resulting in a dividend yield of 0.60%, and it has a price to earnings (P/E) ratio of 25.40. AAPL’s most recent ex-dividend date was 08/05/2022 when it declared a $0.23 quarterly dividend that was paid in cash on 08/11/2022. Previously, the company paid the dividend on 05/12/2022 with an ex-dividend date of 05/06/2022. The dividend was $0.23 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AAPL in the last 3 months, the mean price target is $182.62 with high estimates of $220.00 and low estimates of $122.00. In terms of 52-week highs and lows, AAPL has a high of $182.94 and a low of $129.04.

As of this writing, AAPL has an earnings estimate of $1.25 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.33 per share and a lower estimate of $1.2. The company reported an EPS of $1.2 in the last quarter, which was 5.26% higher than expectations of $1.14.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 41 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AAPL is Sell with a score of 4.62. A total of 26 analysts rated the stock as Buy while 6 rated it as Overweight while 7 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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