Monthly Stock Report: Apple Inc. (AAPL)
Publication Date: September 22, 2024
Company Overview
Apple Inc. (AAPL), headquartered in Cupertino, California, has established itself as a cornerstone of the technology industry since its inception in 1976. Renowned for its exceptional design and innovative consumer electronics, Apple’s flagship products include the iPhone, Mac, iPad, AirPods, and Apple Watch. In addition to its hardware offerings, Apple has developed a rich suite of services, including Apple Music, Apple TV+, and various cloud solutions, which together create a comprehensive ecosystem for both consumers and businesses. With a strong presence in the Consumer Electronics industry, Apple is publicly traded and has been a prominent player in the Information Technology sector since November 1982.
Stock Performance and Analyst Insights
Currently, Apple’s stock is priced at $228.20, positioned favorably within its 52-week trading range, which spans from $164.08 to $237.23. This pricing indicates that AAPL is actively trading near its yearly high, demonstrating a robust market sentiment. The fifty-day moving average stands at $222.44, revealing a positive upward trend that underscores investor confidence.
Financially, Apple has reported a total revenue of approximately $385.6 billion, signifying strong operational performance. With approximately 15.2 billion shares outstanding and only 135 million shares shorted, the short interest represents a mere 0.0089% of the total float, showcasing limited bearish sentiment among investors. Analyst projections dictate a target high price of $300.00, with a mean target price of $240.58, indicating significant upside potential for investors. The consensus recommendation stands at a strong “buy,” supported by the scores from 40 analysts collectively highlighting a promising future for Apple Inc.
Market Outlook and Growth Potential
The consumer electronics sector is currently exhibiting bullish momentum, and Apple appears well-positioned to capitalize on this trend. A target low price estimate of $183.86 reflects a reasonable floor for potential valuation shifts, while previous performance metrics illustrate the financial strength and resilience of the company amid market fluctuations. As consumer demand continues to grow and product innovation remains at the forefront of Apple’s strategy, stakeholders can expect a favorable investment landscape with prospects for substantial returns.
In summary, Apple Inc.’s ongoing commitment to innovation, coupled with a strong financial foundation, reinforces its reputation as a compelling investment opportunity in the current market climate. Investors looking toward the tech sector would be prudent to consider Apple as a primary holding in their portfolios.
| Metric | Value |
|---|---|
| Market Cap | $3469.6b |
| Total Debt | $101.3b |
| Total Cash | $61.8b |
| Shares Outstanding | 15.2b |
| Float Shares | 15.2b |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.