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AAPL Stock Update: Apple Inc’s Banking’s Market Struggles and Potential Opportunities

Apple Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $237.23 on 07/15/24, and the lowest price during that time was $164.07, recorded on 04/19/24.

52-week price history of AAPL Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Apple Inc’s current trading price is -3.47% away from its 52-week high, while its distance from the 52-week low is 39.57%. The stock’s price range during this period has fluctuated between $164.07 and $237.23. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 52.91 million for the day, which was evidently lower than the average daily volume of 63.62 million over the last three months.

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Financial Performance and Market Capitalization

Apple Inc (AAPL) has experienced a quarterly rise of 19.12% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3481.74B and boasts a workforce of 161000 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 203.81, with a change in price of +59.33. Similarly, Apple Inc recorded 62,636,844 in trading volume during the last 100 days, posting a change of +34.97%.

AAPL Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for AAPL stands at 1.52. Similarly, the long-term debt-to-equity ratio is also 1.29.

AAPL Stock Stochastic Average

Apple Inc’s raw stochastic average for the past 50 days is currently at 80.04%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 89.38%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 90.32% and 92.67%, respectively.

AAPL Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded an increase of 18.94%. However, over the last six months, the performance has been weaker by 27.46%. The price of AAPL increased 4.87% over the last 30 days. And in the last five days, it has surged by 0.95%.

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