The AAPL stock price fluctuated between $175.53 and $182.09 throughout the trading session with the volume trading being 151M shares, which represented a positive variation when compared to the three months average volume of 86M shares.
The share price of Apple Inc. (NasdaqGS:AAPL) dipped -2.07% to close Monday’s market session at $175.74, lower as compared to yesterday’s close which brings the market valuation of the company to $2.94T.
The 52-week high for the Apple Inc.’s shares is $182.13. That puts it -3.51% from that peak with a 52-week low of $116.21, while the S&P 500’s share price change was of 26.37%.
The company currently has a 31.99 P/E ratio and a price target of $172.55.
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 151M, while in the last 10 days the average was 130.22M and last three months – 85.8M.
Growing short interest
The Apple Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 112.6M shares being shorted which translates into 1.4 of a short ratio for AAPL, while in the previous month the shorted shares were 100.5M.
Apple Inc.’s (NasdaqGS:AAPL) financials
With a market cap of 2.94T, Apple Inc. holds a total cash of $62.64B that translates into $3.82 per share, while the total debt is of $136.52B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 28.80%. The current revenue is of $365.82B that is $21.90 per share.
This is a great sign for a bright future.