Apple (AAPL) Stock Price

Financial Performance

Apple's recent financial performance shows mixed results. The company’s revenue of $95.4B last quarter represents a -23.3% decrease from the previous quarter, suggesting a potential downturn in business operations or seasonal effects. Gross profit and operating income have also decreased by -23% and -30.9%, respectively, which could be concerning for investors looking at profitability. However, the EBITDA ratio at 0.34 is still within an acceptable range.

Stock Price

The stock price has increased by 8.1% over the past month but has seen a slight decrease of -0.2% year over year to currently trade at $226.01. This indicates that while there may be short-term bullish sentiment around Apple's stock, long-term trends are more neutral to bearish with respect to price appreciation.The RSI value stands at 60.93 indicating neither overbought nor oversold conditions and the stock is trading above its 200-day moving average of $221, which is generally considered as a bullish signal.

Alternative Data Signals

In terms of alternative data signals, web traffic saw a small uptick MoM but showed YoY decline which might indicate softening interest in Apple's products or services online.However,the social media following on platforms like Twitter, Instagram,TikTok and Facebook has shown significant growth over the past three months which can signify strong brand appeal among consumers.The number of job openings remains unchanged which could suggest stable employment situation within the company.Employee outlook seems positive despite slight decreases MoM and YoY.

Conclusion

In conclusion,the analysis suggests a cautiously optimistic view towards Apple's stock.While some financial indicators like revenue,gross profit and operating income have shown a downward trend, the stock price has seen short-term appreciation and alternative data signals like social media growth indicate strong brand appeal among consumers. However, investors should monitor future financial performance to confirm if the recent downturn is temporary or indicative of a longer-term trend.

Note: This AI Stock Analysis is based on data as of August 20. 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 $227.8, 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.