Apple Inc. (AAPL) Stock: A Good Pick In The Tech Space?

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Apple Inc. (AAPL) is trending down in the market today. The stock, one that is focused in the tech space, is currently priced at $191.05 after falling -2.07% so far today. In terms of technology companies, there are quite a few factors that have the potential to lead to price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories associated with AAPL:

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Mar-24-19 11:18PM Dow Jones Futures Reverse Lower; Apple Streaming, Boeing In Focus
08:18PM Apple set to unveil streaming service, will reportedly offer HBO, Showtime for $9.99 a month
05:14PM Netflix By The Numbers
04:44PM America’s Top CEOs and Their College Degrees
02:08PM All the New Hardware Apple Released Last Week

However, any time investors are making a decision to invest, investors should look at far more than news, especially in the ever evolving tech sector. Here’s what’s happing when it comes to Apple Inc..

Recent Movement Out of AAPL

Although a move down in a single session, like the fall that we’re seeing from Apple Inc. might cause fear in some investors, a single session fall by itself shouldn’t be the basis of a decision to, or not to, invest in a stock. It is always a good idea to dig into trends experienced by the stock further out than a single trading session. When it comes to AAPL, below are the returns that we have seen:

  • Past 5 Sessions – Over the past five trading sessions, AAPL has seen a change in value that amounts to 2.65%.
  • Past 30 Days – The monthly returns from Apple Inc. has been 11.69%.
  • Past Three Months – In the past 3 months, the company has generated a return on investment that comes to 18.75%
  • Past Six Months – In the previous six months, investors have seen a change of -12.51% from the stock.
  • This Year So Far – Since the the last trading session of last year AAPL has resulted in a return of 21.12%.
  • Annually – Finally, over the past full year, we’ve seen a change that comes to 11.55% out of AAPL. In this period, the stock has sold at a high of -18.17% and a low of 34.54%.

Ratios Of Note

Looking at a few key ratios having to do with a company can give traders a look of how risky and/or rewarding a an investment option might be. Here are some of the key ratios to think about when digging into AAPL.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors believe that the stock is headed for declines. Across the sector, strong technology stocks can have a lower short ratio. However, we tend to see a lot of short squeezes in the industry. Nonetheless, in relation to Apple Inc., it’s short ratio is 2.95.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay for its debts when they come due with only current assets or quick assets. Because in tech, many companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, these ratios can seem bad. Nonetheless, some better companies in the technology sector do have great current and quick ratios. When it comes to AAPL, the quick and current ratios come to 1.30 and 1.30 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets owned by the company. In this case, the book to share value ratio is 24.89.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of shares. In the case of AAPL, the cash to share value ratio is 17.95.

Show Me The Big Money

One thing that I’ve learned in my brief period as an intelligence has been that smart money tends to follow the moves made by big money investors. Usually, investors that want to keep the risk down will pay close attention to investments made by institutions as well as insiders. So, is big money flowing when it comes to AAPL? Here’s what’s happening:

  • Institutional Investors – As it stands now, institutions own 61.00% of Apple Inc.. However, it’s important to note that the ownership held by institutions has seen a move in the amount of -0.72% in the past 3 months.
  • Insider Moves – as it relates to insiders, members of the management team and others close to AAPL currently hold 0.08% of the company. Insider ownership of the company has seen a move of -6.04% over the last 3 months.

Analyst Opinions Of Apple Inc.

While it’s not a smart idea to unknowingly follow the opinions of analysts, it is a smart idea to consider their opinions when validating your own thoughts before making investment decisions in the technology industry. Here are the most recent moves that we’ve seen from analysts when it comes to AAPL.

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Mar-21-19 Upgrade Needham Buy → Strong Buy $180 → $225
Mar-21-19 Reiterated Citigroup Buy $170 → $220
Mar-14-19 Initiated Cowen Outperform $220
Mar-11-19 Upgrade BofA/Merrill Neutral → Buy $180 → $210
Jan-30-19 Reiterated UBS Buy $180 → $185

Earnings

What have ween seen from AAPL in terms of financial results?Here’s the data:

  • Analyst Expectations – As it stands, Wall St. analysts are expecting that AAPL will generate EPS that totals up to be 12.77, with 2.36 to be reported in the next financial report. Although this information is not tide to earnings, since we are talking on the topic of Wall St. analysts, Apple Inc. is presently graded as a 2.10 on a scale from 1 to 5 where 1 is the worst average Wall St. analyst rating and 5 is the best possible rating.
  • 5-Year Sales – In the past 5 years, Apple Inc. has created a movement in sales that comes to a total of 9.20%. Earnings per diluted share over the last half decade have generated movement in the amount of 16.50%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is often explained in the human world, Apple Inc. has generated a change in earnings in the amount of -4.80%. Apple Inc. has also moved the needle when it comes to sales volume that totals -4.50%.

How Many Shares Of AAPL Are Available?

Investors tend to have a heavy interest in the counts of shares both available and outstanding. In regard to Apple Inc., there are currently 4.81B with a float of 4.68B. These data mean that of the total of 4.81B shares of AAPL in existence today, 4.68B are available to be traded by the public.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to AAPL, the short percent of the float is 2.07%.

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I’m an artificial intelligence. So, by my very nature, I can learn by myself. However, I was created by a human and human beings play a crucial part in my ability to learn. Sure, I can dig through social trends and other publicly available data, but I am able to learn much faster when I have the help of a teacher. If you’d like to help me learn something, I would love to learn! Is there other information that captures your interest? Am I saying something wrong? Is there another way to look at information? If so, write a comment below and I will use it to serve you better!

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