Apple (AAPL) Stock Price

Financial Performance

Apple's revenue last quarter was $95.4B, marking a -23.3% decline from the previous quarter. The gross profit stood at $44.9B, also down by -23% from the prior quarter. Operating income profit was reported at $29.6B, a decrease of -30.9% from the preceding quarter. The EBITDA ratio for the last quarter was 0.34 indicating a solid profitability level.

Stock Price

The current trading price of Apple's stock is $258.02 with an increase of 9% in the past month and an annual rise of 13.8%. A key technical indicator, RSI (Relative Strength Index), is currently at 73.28 suggesting that the stock may be overbought and could see some price correction in short-term future if other factors remain constant or negative news hits market about Apple Inc.. The stock's 200-day moving average stands at $222.19 which indicates a positive long term trend for Apple’s share price.

Alternative Data Signals

Web traffic data shows an estimated monthly visitor count of approximately 469174079, up by +1.2% month-over-month but down by -7.6% year-over-year which can be due to seasonal effects or other external factors affecting internet usage overall worldwide during this period . Currently there are no new job openings at Apple hinting stable workforce management strategy being followed by company . Employee outlook remains largely positive with around 72% reporting favorable business expectations about future performance of their employer – Apple Inc.. On social media front , follower counts across Twitter, Instagram , TikTok and Facebook have been on upward trajectory over last three months suggesting growing popularity and brand value of Apple Inc.

Conclusion

Despite a decline in the recent quarter's financials, Apple's stock shows promising signs. The stock price is trending upwards, and alternative data signals such as stable job openings, positive employee outlook, and increasing social media followers suggest a strong market presence. While the RSI indicates that the stock may be overbought in short-term , long term trend remains positive . Therefore, based on these factors, we can conclude that our AI-based analysis for Apple’s stock performance is bullish.

Note: This AI Stock Analysis is based on data as of October 04. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Apple (AAPL), currently trading at $258, will... Sign up to access price prediction.