Stock To Watch: Apple Inc. (NASDAQ:AAPL)


The leading market experts have placed a mean price target of $124.11 on Apple Inc. (NASDAQ:AAPL) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $3.12 a share for the upcoming quarter and $8.26 for the current fiscal.

Technical View

The technical analysis of Apple Inc. plainly substantiates that the 50-day moving average of Apple Inc. is $105.36, and stock is trading $2.37 points away or +2.25% from its 50-day moving average of $105.36. Further it is trading $6.44 or +6.35% away its 200-day moving average of $101.29. Apple Inc. (NASDAQ:AAPL) 52-week high is $123.82 and the 52-week low is $89.47.

This explains if the stock moves $-16.09, it will post a 52-week high. In event of +20.41% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Apple Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Apple Inc. (NASDAQ:AAPL) ratio came in at 12.56.

The stock last ended the trading session at $107.73 and registered a market cap of $580.50B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Apple Inc. (NASDAQ:AAPL) PEG ratio is at 1.66.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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