Apple (AAPL) Stock Will Feel The Chip Shortage


During the last session 54M of Apple Inc.’s (NasdaqGS:AAPL) shares were traded. The stock closed at $146.14 per share indicating that it lost -$0.70 or -0.48% during that day which brings the Apple Inc.’s valuation to $2.44T.

The 52-week high for the Apple Inc.’s shares is $150.00. That puts it -2.57% from that peak but still a N/A 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 31.80%.

The company currently has a 32.85 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 decay in its daily volume. The daily volume was of 81M, while in the last 10 days the average was 76.4M and last three months – 81.35M.
The decreasing interest in the AAPL stock from the investors is helping to drive the stock price down.

Growing short interest

The Apple Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 123.12M shares being shorted which translates into 1.36 of a short ratio for AAPL, while in the previous month the shorted shares were 82.71M.


Apple Inc. (NasdaqGS:AAPL)’s financials

With a market cap of 2.44T, 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 an increase 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 great sign for a bright future.