Apple (AAPL) Stock Price

Financial Performance

Apple's revenue of $124.3B in the last quarter represents a robust growth of 30.9% from the previous quarter and an impressive year-over-year increase of 37%. This is mirrored in their gross profit, which stands at $58.3B, up by 32.8% from the previous quarter and up by 37.9% year over year. The company's operating income profit was $42.8B, marking a considerable surge of 44.7% from the previous quarter and a substantial annual growth of 53.5%. Apple's EBITDA ratio for the last quarter was at a healthy level of 0.34.

Stock Price

The current stock price is $196.98, reflecting a downturn by -7.7% over the past month.The stock's RSI value stands at a moderate level of 44.56 indicating neither overbought nor oversold conditions while its PE ratio is at a slightly high level of 28.26 suggesting that investors are expecting higher earnings growth in future compared to other stocks with lower PE ratios.

Alternative Data Signals

In terms of alternative data signals, Apple's web traffic has shown an increase with an estimated monthly visitor count standing at around half billion users, despite experiencing a slight decline on YoY basis (-18%). Job postings remain stable with no new openings reported recently but employee sentiment seems positive as reflected in the business outlook score (74%). On social media platforms like Twitter, Instagram, Facebook and TikTok there has been notable growth in followership which can be indicative of brand popularity and reach.

Conclusion

Taking into account Apple’s solid financial performance marked by strong revenue and profit growth, stable technical indicators, and positive alternative data signals such as rising web traffic and social media followers, the analysis is bullish on Apple's stock. However, the recent dip in stock price and slightly high PE ratio suggest some caution. Hence, on a scale of 0 to 10, Apple’s stock is rated an 8.

Note: This AI Stock Analysis is based on data as of April 19. 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 $196.9, 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.