Data as on September 3, 2024 – 12:38 PM ET
Shares of Apple Inc. (NASDAQ-GS: AAPL), a titan in the Technology sector and Computer Manufacturing industry, are experiencing a notable decline in today’s trading session. The stock is currently trading at $223.94, down $5.06 or 2.21% from its previous close of $229.00.
Key highlights:
- Current price: $223.94, down $5.06 (2.21%)
- Trading range: $223.27 – $229.00
- 52-week range: $164.075 – $237.23
- Market capitalization: $3,403,294,026,080
- P/E Ratio: 36.59
- Forward P/E (1 Yr): 34.18
- Earnings Per Share (EPS): $6.12
- Share Volume: 21,066,892 (below average volume of 56,504,044)
Despite the current dip, Apple’s stock remains well above its 52-week low of $164.075. The company’s substantial market cap of over $3.4 trillion underscores its position as one of the world’s most valuable companies.
Analysts have set a one-year target price of $250.00, suggesting potential upside from current levels. The P/E ratio of 36.59 and forward P/E of 34.18 indicate investor expectations of continued growth.
Apple’s dividend yield of 0.44% and annualized dividend of $1.00 per share reflect the company’s commitment to returning value to shareholders. The most recent dividend was paid on August 15, 2024.
Today’s trading volume is lower than average, which may suggest a lack of major news driving the price movement. Investors and market watchers will be keen to see if this dip presents a buying opportunity or signals a larger trend in the tech sector.
As always, investors are advised to conduct thorough research and consider their risk tolerance before making investment decisions.
Stay tuned for further updates on Apple and the broader technology sector.