Transcribed

Apple Stock Cautiously Poised - Potential Entry During Corrections

Nov 12, 2024 · 2m 13s
Apple Stock Cautiously Poised - Potential Entry During Corrections
Description

**Apple (AAPL) Stock Analysis** 1. **Current Price and Intraday Trading Range**: The current price of AAPL is $224.23, with an intraday high of $225.70 and a low of $221.50[4]. 2....

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**Apple (AAPL) Stock Analysis**

1. **Current Price and Intraday Trading Range**: The current price of AAPL is $224.23, with an intraday high of $225.70 and a low of $221.50[4].

2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours data is provided in the sources. However, the stock closed at $224.23, down 0.23% in the past 24 hours[2].

3. **Trading Volume vs Average**: The trading volume is 42.0 million, but no average volume is provided for comparison[4].

4. **Recent News or Announcements**: There are no recent news or announcements in the last 24 hours mentioned in the sources.

5. **Major Analyst Updates or Price Target Changes**: No recent analyst updates or price target changes are mentioned. However, one opinion suggests that the stock should be 13.4% lower at $199, indicating potential for investment entry during corrections[2].

6. **Options Flow Activity**: No specific options flow activity is mentioned in the sources.

7. **Related Semiconductor/AI Sector News**: No related news affecting Apple is mentioned in the sources.

8. **Key Technical Indicators**: Key indicators include a 60-month beta of 1.24, a price-to-earnings ratio (ttm) of 33.02, and an earnings per share (ttm) of $6.75[1].

**Market Sentiment**: The overall sentiment seems cautious, with a suggestion that the stock might be overvalued and due for a correction. However, the lack of recent news or analyst updates indicates a stable short-term outlook. The technical indicators suggest a moderate risk level, with the beta indicating slightly higher volatility compared to the market average. The price-to-earnings ratio is high, suggesting that the stock might be overvalued, but the earnings per share indicate strong profitability. Overall, the analysis suggests a cautious approach, with potential for investment during corrections.
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Author QP - Daily
Organization William Corbin
Website -
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