Apple Inc. (AAPL): From Top to Bottom

Apple Inc. (AAPL) is an interesting player in the Consumer Goods space, with a focus on Electronic Equipment. The stock has been active on the tape, currently trading at $179.97, down from yesterday’s close by -0.96%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Apple Inc. (AAPL) currently trades with a market capitalization of $920.16 Billion. That value represents a market adjusting for revenues that have been growing by 12.69 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $52.91 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $2.71 on a per share basis this quarter. Perhaps, that suggests something about why 0.19% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how AAPL has been acting. Looking at the stock’s movement on the chart, Apple Inc. recorded a 52-week high of $182.39. It is now trading 2.42% off that level. The stock is trading $172.14 its 50-day moving average by -7.83%. The stock carved out a 52-week low down at $138.62.

In recent action, Apple Inc. (AAPL) has made a move of +10.61% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.16% with $5.07 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AAPL.

Previous articleTaking a Fresh Look at Pfizer Inc. (PFE)
Next articleDrilling Down Into Microsoft Corporation (MSFT)