Apple (AAPL) Stock Price

Financial Performance

Apple's revenue last quarter was $95.4B, indicating a drop of -23.3% from the previous quarter. The gross profit was $44.9B, also down by -23% from the prior quarter and their operating income profit was $29.6B, reflecting a decrease of -30.9% from the preceding quarter. Their EBITDA ratio for the last quarter stood at 0.34 suggesting that Apple's profitability might have taken a hit in recent times.

Stock Price

The current stock price is $232.56 showing an upward trend with an increase of 11.2% over the past month and up by 2.7% YoY (Year Over Year). The RSI value is currently at 63.98 which indicates that it is nearing overbought territory while its PE ratio stands at 32.03 which could mean that investors are willing to pay a higher price for each dollar of earnings given Apple's strong track record and brand name.

Alternative Data Signals

In terms of alternative data signals, Apple's website traffic has grown by 3.3% MoM (Month Over Month) but has decreased by -15.2% YoY to approximately 463536724 visitors per month indicating mixed trends in interest towards Apple online.
Interestingly, there are no new job openings this month which could suggest that they are not looking to expand their workforce significantly or they may be focusing on efficiency and cost management.
In regards to business outlook, around 72% of employees report having a positive outlook which remains unchanged from last month but is slightly down YoY (-2-7%).
Furthermore, social media followers have increased across all platforms in the last 90 days, indicating a strong and growing online presence.

Conclusion

In conclusion, despite some financial challenges in the past quarter, Apple's stock performance remains resilient with positive growth and an upward trend. The company continues to maintain a strong brand presence online as indicated by its increasing social media followers. However, the lack of job openings and slightly decreased employee outlook YoY suggests potential areas for improvement. Overall, the AI analysis leans towards a cautiously bullish view on Apple's stock.

Note: This AI Stock Analysis is based on data as of August 28. 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 $232.6, 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.