The AAPL stock price fluctuated between $147.7 and $149.83 throughout the trading session with the volume trading being 69M shares, which represented a negative variation when compared to the three months average volume of 84M shares.
The share price of Apple Inc. (NasdaqGS:AAPL) ran up 0.29% to close Monday’s market session at $148.99, higher as compared to yesterday’s close which brings the market valuation of the company to $2.49T.
The 52-week high for the Apple Inc.’s shares is $150.00. That puts it -0.67% from that peak but still a 56.69% gain since the share price dropped to a 52-week low of $93.25, while the S&P 500’s share price change was of 36.19%.
The company currently has a 33.49 P/E ratio and a price target of $159.34.
What does the trading volume tell us about the AAPL stock?
During the last trading session, Apple Inc. (NasdaqGS:AAPL) has seen growth in its daily volume. The daily volume was of 84M, while in the last 10 days the average was 89.1M and last three months – 84.37M.
The increasing interest in the AAPL stock from the investors is helping to drive the stock price up.
Shrinking short interest
The Apple Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 90.21M shares being shorted which translates into 1.24 of a short ratio for AAPL, while in the previous month the shorted shares were 123.12M.
Apple Inc. (NasdaqGS:AAPL) financials
With a market cap of 2.49T, Apple Inc. holds a total cash of $69.83B that translates into $4.18 per share, while the total debt is of $134.74B.
The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of 53.60%. The current revenue is of $325.41B that is $19.14 per share.
This is a good sign for the future.