During the last session 95M of Apple Inc. (NasdaqGS:AAPL)’s shares were traded. The stock closed at $174.92 per share indicating that it lost -$4.78 or -2.66% during that day which brings the Apple Inc.’s valuation to $2.94T.
The 52-week high for the Apple Inc.’s shares is $182.94. That puts it -4.38% from that peak with a 52-week low of $116.21, while the S&P 500’s share price change was of 26.02%.
The company currently has a 31.99 P/E ratio and a price target of $174.93.
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 95M, while in the last 10 days the average was 79.57M and last three months – 89.47M.
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.