AAPL Looks Overvalued With the Infinite Buyback


The AAPL stock price fluctuated between $145.25 and $146.95 throughout the trading session with the volume trading being 58M shares, which represented a negative variation when compared to the three months average volume of 83M shares.

The share price of Apple Inc. (NasdaqGS:AAPL) dipped -0.23% to close Monday’s market session at $145.52, lower as compared to yesterday’s close which brings the market valuation of the company to $2.41T.

The 52-week high for the Apple Inc.’s shares is $150.00. That puts it -2.99% from that peak but still a 33.89% gain since the share price dropped to a 52-week low of $103.10, while the S&P 500’s share price change was of 33.41%.

The company currently has a 28.49 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 83M, while in the last 10 days the average was 82.45M and last three months – 83.13M.

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 96.36M shares being shorted which translates into 1.14 of a short ratio for AAPL, while in the previous month the shorted shares were 108.94M.

Apple Inc.’s (NasdaqGS:AAPL) financials

With a market cap of 2.41T, Apple Inc. holds a total cash of $61.7B that translates into $3.73 per share, while the total debt is of $135.49B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 36.40%. The current revenue is of $347.16B that is $20.61 per share.

This is a great sign for a bright future.