#AAPL#
Apple Inc, has a recent stock price of $174.74. In the macroeconomic backdrop, it has outperformed over the last year with a 13.51% return, while the S&P 500 Index declined by 13.31%. This market performance grants Apple a "B" rating in our evaluation, scoring 68.86%.
Turning our attention to the company's financials, Apple's revenue per share is $24.458, and its net income per share stands at $6.0365. Operating and free cash flows are at $7.2031 and $6.4332, respectively. The company's P/E ratio is currently at 28.8192, suggesting a bullish market sentiment. Apple's latest 10-K reveals growth in net sales, operating income, and net profit, but there's a decrease in cash and equivalents, and an uptick in inventories and payables. The company's success, as emphasized, is anchored on product innovation, supply chain management, and market strategies. However, a Q3'23 decline in net income and lukewarm new product sales are concerning.
Technically, on a daily chart, AAPL is initiating its 4th wave, targeting $198.88 for its 5th wave. A robust support exists near $165. The MACD indicates a potential bullish crossover, and the RSI showcases a double-bottom support. Given the current financial standing, our advice is to continue holding. Short-term focus should be on the R1 resistance at $179. A breakthrough here might signal a hold or slight addition to positions. If there's strong resistance at R1, keep an eye on the S1 support level. If the price breaches the S1, please reach out.
Turning our attention to the company's financials, Apple's revenue per share is $24.458, and its net income per share stands at $6.0365. Operating and free cash flows are at $7.2031 and $6.4332, respectively. The company's P/E ratio is currently at 28.8192, suggesting a bullish market sentiment. Apple's latest 10-K reveals growth in net sales, operating income, and net profit, but there's a decrease in cash and equivalents, and an uptick in inventories and payables. The company's success, as emphasized, is anchored on product innovation, supply chain management, and market strategies. However, a Q3'23 decline in net income and lukewarm new product sales are concerning.
Technically, on a daily chart, AAPL is initiating its 4th wave, targeting $198.88 for its 5th wave. A robust support exists near $165. The MACD indicates a potential bullish crossover, and the RSI showcases a double-bottom support. Given the current financial standing, our advice is to continue holding. Short-term focus should be on the R1 resistance at $179. A breakthrough here might signal a hold or slight addition to positions. If there's strong resistance at R1, keep an eye on the S1 support level. If the price breaches the S1, please reach out.
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