Apple (AAPL) Stock Price

Financial Performance

Apple's recent quarterly report shows a decrease in revenue and gross profit compared to the previous quarter. The company reported a revenue of $95.4B, down by -23.3%, and their gross profit was $44.9B, down by -23%. Operating income also saw a decrease, with a figure of $29.6B marking a drop of -30.9% from the previous quarter. However, Apple still maintains an EBITDA ratio of 0.34 which indicates that it is generating significant earnings before interest, taxes, depreciation and amortization.

Stock Price

The current stock price stands at $230.03, experiencing a slight dip over the last month (-0.7%). Technical indicators show an RSI value at 43.27 suggesting neither overbought nor oversold conditions while the stock's 200-day moving average is at $221.49 indicating positive long-term momentum for Apple's share price.

Alternative Data Signals

Website traffic trends indicate an increase in visitors per month (up by 1.2%) but a year-over-year decrease (-7.6%). Job openings remain unchanged while employee business outlook remains positive with approximately 72% reporting optimism about future prospects despite being slightly lower than last year's figure (-2.% YoY). Social media followers have seen substantial growth across all platforms over the past three months especially on TikTok (103.% growth).

Conclusion

In conclusion, despite some financial setbacks in terms of revenue and profit decreases this quarter, Apple continues to maintain strong performance overall as indicated by its robust EBITDA ratio and positive long-term stock price trend above its 200-day moving average. The increase in social media followers and stable business outlook further enhance the company's prospects, making the overall analysis moderately bullish.

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 $234.1, will... Sign up to access price prediction.