Apple (AAPL) Stock Price

Financial Performance

Apple's revenue of $124.3B marks a significant increase both quarter-over-quarter (30.9%) and year-over-year (37%). The gross profit also followed a similar trend, rising by 32.8% from the previous quarter and by 37.9% YoY to $58.3B. The operating income profit saw an even more substantial growth of 44.7% QoQ and 53.5% YoY, reaching $42.8B. These figures indicate strong financial performance with consistent growth in profitability.

Stock Price

The current stock price is at $196.42, experiencing an -8% decrease over the last month which indicates short-term bearishness in the market sentiment towards Apple's stock despite its solid financials performance. However, the RSI value at around mid-range (44) suggests that the stock is neither oversold nor overbought at this point in time while it trades below its 200-day moving average ($228), indicating a longer-term downtrend.

Alternative Data Signals

In terms of alternative data signals, web traffic has increased by approximately 9%, suggesting high consumer interest and engagement with Apple's products or services despite a yearly decrease of -18%. There are currently no new job openings which could suggest stability within the company but might also imply stagnation in terms of expansion or innovation for some investors.

The majority (74%) of employees report positive business outlook, although this figure has decreased slightly (-2%) YoY which may signal minor internal concerns about future prospects.

Social media followers have seen steady growth across all platforms over the past three months: Twitter (+4%), Instagram (+10%), TikTok (+74%) and Facebook (+5%). This suggests a strong brand presence and engagement which could potentially translate into sales.

Conclusion

Despite some bearish signals from the stock market, Apple's financial performance remains robust with notable growth in revenue and profits. Alternative data also presents a mixed but largely positive picture, with strong web traffic and social media following suggesting high consumer interest, although employee outlook has seen a slight decrease. Overall, the analysis leans towards being cautiously bullish for Apple's stock.

Note: This AI Stock Analysis is based on data as of April 16. 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 $197, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.