An Evaluation Of Apple Inc (NASDAQ: AAPL) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Apple’s Worldwide Developers Conference returns June 10, 2024.

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Stocks Info

AAPL belongs to the Technology sector of the NASDAQ while operating in the Consumer Electronics industry. At the end of the last regular session, the stock closed at $168.82 and fluctuated between $171.92 as its day high and $168.82 as its day low. The current market capitalization of Apple Inc is $2606.90B. A total of 53.45 million shares were traded on the day, compared to an average of 61.04M shares.

In the most recent transaction, COOK TIMOTHY D sold 97,227 shares of AAPL for 168.62 per share on Apr 02 ’24. After the transaction, the Chief Executive Officer now owns 3,280,180 company shares. In a previous transaction on Apr 02 ’24, O’BRIEN DEIRDRE sold 54,732 shares at 168.91 per share. AAPL shares that Senior Vice President owns now total 136,572.

Among the insiders who sold shares, Adams Katherine L. disposed of 54,732 shares on Apr 02 ’24 at a per-share price of $168.90. This resulted in the SVP, GC and Secretary holding 293,393 shares of AAPL after the transaction. In another insider transaction, COOK TIMOTHY D sold 99,183 shares at $170.03 per share on Apr 01 ’24. Company shares held by the Chief Executive Officer now total 3,377,407.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Apple Inc pays an annual dividend of $0.96, resulting in a dividend yield of 0.57%, and it has a price to earnings (P/E) ratio of 26.27. AAPL’s most recent ex-dividend date was 2/9/2024 when it declared a $0.24 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/16/2023 with an ex-dividend date of 11/10/2023. The AAPL stock dividend was $0.24 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, AAPL has a high of $199.62 and a low of $159.78.

As of this writing, AAPL has an earnings estimate of $1.51 per share for the current quarter. EPS was calculated based on a consensus of 26 estimates, with a high estimate of $1.61 per share and a lower estimate of $1.46. The company reported an EPS of $1.36 in the last quarter, which was 5.40% higher than expectations of $1.29.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. AAPL’s latest balance sheet shows that the firm has $62.64B in Cash & Short Term Investments as of fiscal 2021. There were $124.72B in debt and $125.48B in liabilities at the time. Its Book Value Per Share was $4.79, while its Total Shareholder’s Equity was $63.09B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.18.

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