AAPL: Opportunities Keep Arising

During the last session 116M of Apple Inc. (NasdaqGS:AAPL)’s shares were traded. The stock closed at $157.28 per share indicating that it gained $0.74 or 0.47% during that day which brings the Apple Inc.’s valuation to $2.54T.

The 52-week high for the Apple Inc.’s shares is $182.94. That puts it -14.03% from that peak with a 52-week low of $122.25, while the S&P 500’s share price change was of -1.55%.

The company currently has a 25.49 P/E ratio and a price target of $190.2.

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 116M, while in the last 10 days the average was 110.84M and last three months – 91.27M.

Shrinking short interest

The Apple Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 103.29M shares being shorted which translates into 1.18 of a short ratio for AAPL, while in the previous month the shorted shares were 111.29M.

Apple Inc. (NasdaqGS:AAPL)’s financials

With a market cap of 2.54T, Apple Inc. holds a total cash of $51.51B that translates into $3.18 per share, while the total debt is of $119.98B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 8.60%. The current revenue is of $386.02B that is $23.47 per share.

This is a great sign for a bright future.

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