Apple Inc. (AAPL): What’s the Story?

Apple Inc. (AAPL) is an interesting player in the Consumer Goods space, with a focus on Electronic Equipment. The stock has been active on the tape, currently trading at $190.70, down from yesterday’s close by -0.82%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Apple Inc. (AAPL) currently trades with a market capitalization of $948.47 Billion. That value represents a market adjusting for revenues that have been growing by 15.58 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $54.3 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $2.18 on a per share basis this quarter. Perhaps, that suggests something about why 0.20% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Apple Inc. recorded a 52-week high of $194.20. It is now trading 3.5% off that level. The stock is trading $180.84 its 50-day moving average by -9.86%. The stock carved out a 52-week low down at $142.20.

In recent action, Apple Inc. (AAPL) has made a move of +2.28% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.94% with $4.91 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AAPL.

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