During the last session 103M of Apple Inc. (NasdaqGS:AAPL)’s shares were traded. The stock closed at $182.01 per share indicating that it gained $4.44 or 2.5% during that day which brings the Apple Inc.’s valuation to $2.94T.
The 52-week high for the Apple Inc.’s shares is $182.88. That puts it -0.48% from that peak with a 52-week low of $116.21, while the S&P 500’s share price change was of 28.70%.
The company currently has a 31.99 P/E ratio and a price target of $175.76.
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 103M, while in the last 10 days the average was 80.39M and last three months – 89.07M.
Growing short interest
The Apple Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 113.28M shares being shorted which translates into 1 of a short ratio for AAPL, while in the previous month the shorted shares were 99.69M.
Apple Inc. (NasdaqGS:AAPL)’s 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.