Apple Inc. (NASDAQ:AAPL) plunged -1.13% during previous trade, a total of 39.53M shares exchanged hands compared with its average trading volume of 24.39M shares whereas its relative volume is 1.47. The stock has a market capitalization of $741.46B along with 5.25B outstanding shares. Stock’s intraday price range hit the peak level of $142.80 and touched the lowest level of $139.73.
Most recently Apple Inc. (NASDAQ:AAPL)’s price target was revised on 3/20/17 and according to 42 analysts stock’s price will reach at $143.29 during 52 weeks with standard deviation of 19.08. Stock’s minimum price target estimates has been figured out at $102 while the maximum price target forecast is established at $185, if we look at the price target with an optimistic approach it has upside potential of 31% from its latest closing price of $139.85.
Historically, if we look at price target revisions, three weeks ago Apple Inc. (NASDAQ:AAPL)’s price target was revised on 2/21/17 by the analysts, however the bullish price estimates of the stock set at $185 while the bearish estimates kept at $85 over the next one year. Stock’s 52-week target was retained at $137.68, the estimates indicates a standard deviation of 18.49.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.73. ABR value is precisely based on brokerage recommendations, where out of 30 brokerage recommendations 19 rate Apple Inc. (NASDAQ:AAPL) stock a Strong Buy, 4 rate the stocks of the company a Buy, 5 rate Hold, 0 rate Sell and 2 recommend a Strong Sell. Most recently on 1/24/2017 the stock of Apple Inc. (NASDAQ:AAPL) downgraded by Barclays from Overweight to Equal Weight. However previously on 10/27/2016 it was downgraded by Hilliard Lyons from Buy to Long-term Buy. A research note issued on 10/26/2016 the stock was downgraded by Stifel from Buy to Hold.
Apple Inc. (NASDAQ:AAPL) performance over the past one year soared 34.83% whereas its year to date (YTD) performance indicated a bullish trend of 21.26%. During the last six months the stock climbed 24.29%. Quarterly performance of the company shows optimistic momentum of 21.11% while its last one month trend is positive with 3.04%. Stock’s weekly performance expressed up trend of 0.61%.
The company’s price sits 7.14% above from its 50-day moving average of $135.39 and 23.90% far from the stock’s 200-day moving average which is $119.50. Apple Inc. (NASDAQ:AAPL)’s shares are currently trading -1.17% away from the 52-week high price of $141.50 and +58.64% far from the 52-week low price of $88.15.
According to consensus agreement of 37 analysts Apple Inc. (NASDAQ:AAPL) will report earnings per share of $2.01 in their quarterly report and it is expected to announce the company’s results on 4/25/17. For the current quarter the company has high EPS estimates of $2.11 in contradiction of low EPS estimates of $1.91. However a year ago for the same quarter the company has reported $1.9 EPS. Current year EPS projections for Apple Inc. (NASDAQ:AAPL) set at $8.94 according to the sentiments of 41 analysts, while its lowest earnings estimates are $8.53 and highest earnings estimates are $9.63.
According to 34 analysts, Apple Inc. (NASDAQ:AAPL)’s revenue estimates for the current quarter are $52.86B meanwhile the company has high revenue estimates of $54.16B in contradiction of low revenue estimates of $51.71B. For the current year the company’s revenue estimates are $228.28B compared to low analyst estimates of $221.46B and high estimates of $238.83B according to the projection of 40 analysts.