Apple (AAPL) Stock Continues to Conquer New Highs

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The AAPL stock price fluctuated between $153.1 and $154.63 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 77M shares.

The share price of Apple Inc. (NasdaqGS:AAPL) ran up 0.42% to close Friday’s market session at $154.3, higher as compared to yesterday’s close which brings the market valuation of the company to $2.55T.

The 52-week high for the Apple Inc.’s shares is $154.98. That puts it -0.44% from that peak but still a 36.19% 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 36.17%.

The company currently has a 30.21 P/E ratio and a price target of $166.23.

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 77M, while in the last 10 days the average was 70.31M and last three months – 77.1M.

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 93.11M shares being shorted which translates into 1.19 of a short ratio for AAPL, while in the previous month the shorted shares were 96.36M.

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Apple Inc.’s (NasdaqGS:AAPL) financials

With a market cap of 2.55T, 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.