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Apple (AAPL, $146.06) faces second patent infringement lawsuit from Parus
Apple got slapped with a patent infringement lawsuit by Parus Holdings. This is the second one from Parus against the iPhone maker alleging that the latter infringed on its patents for voice-browsing and device control technology.
The lawsuit against Apple alleges that the computer company infringed on its U.S. Patent Nos. 6,721,705 and 8,185,402 for voice-browsing and device control technology. Damages cited by Parus against Apple include infringing sales. According to the lawsuit, the infringement has been "willful."
Parus requested that Apple be ordered to pay treble damages and Parus' attorneys' fees, and be permanently prohibited from infringing its patents.
In July 2019, Parus filed three patent infringement lawsuits in the Western District of Texas against Apple, Samsung Electronics, and Alphabet’s Google regarding its U.S. patents 9,451,084 and 7,076,431 for voice-user interface technologies. The company also filed a lawsuit against LG Electronics in the U.S. District Court for the Northern District of California.
AAPL's RSI Indicator ascending out of oversold territory
The RSI Indicator for AAPL moved out of oversold territory on May 13, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In 20 of the 24 cases the stock moved higher. This puts the odds of a move higher at 83%.
Current price $140.52 crossed the support line at $140.30 and is trading between $153.13 support and $140.30 support lines. Throughout the month of 04/25/22 - 05/25/22, the price experienced a -14% Downtrend. During the week of 05/18/22 - 05/25/22, the stock fell -0.21%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 30 of 42 cases where AAPL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 71%.
Following a +4.19% 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPL advanced for three days, in 255 of 347 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.
AAPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
AAPL moved below its 50-day Moving Average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for AAPL crossed bearishly below the 50-day moving average on April 22, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 5 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 33%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAPL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 51%.
The Aroon Indicator for AAPL entered a downward trend on May 25, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 80%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.08.
The Tickeron Profit vs. Risk Rating rating for this company is 5 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 40 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 40 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating fairly steady price growth. AAPL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 83 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (33.784) is normal, around the industry mean (23.420). P/E Ratio (22.831) is within average values for comparable stocks, (29.948). Projected Growth (PEG Ratio) (2.547) is also within normal values, averaging (7.224). AAPL has a moderately low Dividend Yield (0.006) as compared to the industry average of (0.023). P/S Ratio (6.039) is also within normal values, averaging (22.699).
TVs, telephones, washing machines, home speakers and even home-office equipment like computers and printers…the list is virtually endless when it comes to consumer electronics and appliances. And, with ‘smarthomes’ increasingly becoming the reality, we could see a sharp surge in high-tech gadgets (including robotic appliances) making their way into our homes– and therefore spelling plenty opportunities in the related industries. Consumers account for 70% of US GDP, and their purchases of high-functioning electronics could make significant dents in the economy’s health. Sony Corp., Whirlpool and iRobot are some of the major consumer electronics/appliances makers.
The average market capitalization across the Electronics/Appliances Industry is 65.5B. The market cap for tickers in the group ranges from 129.1K to 2.3T. AAPL holds the highest valuation in this group at 2.3T. The lowest valued company is IALS at 129.1K.
- 5/24/22 7:00 AM: Apple (AAPL, $143.11) saw a $128.7B market cap decrease this week
- 5/17/22 6:52 AM: Apple (AAPL, $145.54) saw a $80.1B market cap decrease this week
- 5/10/22 5:36 AM: Apple (AAPL, $152.06) saw a $91.7B market cap decrease this week
The average weekly price growth across all stocks in the Electronics/Appliances Industry was -2.33%. For the same Industry, the average monthly price growth was -7.07%, and the average quarterly price growth was -24.64%. VOXX experienced the highest price growth at 7.23%, while SMDM experienced the biggest fall at -22.49%.
- 5/5/22 4:57 AM: Apple (AAPL, $166.02) was a top weekly gainer, with a +6.04% jump
- 4/12/22 7:12 AM: Apple (AAPL, $165.75) was a top loser this week, declining -7.11%
- 3/26/22 6:06 AM: Apple (AAPL, $174.72) was a top weekly gainer, with a +6.55% jump
The average weekly volume growth across all stocks in the Electronics/Appliances Industry was 26.95%. For the same stocks of the Industry, the average monthly volume growth was 22.68% and the average quarterly volume growth was 16.72%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the RSI Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 21%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.06.
29 stocks in the group of tickers exhibit a similar positive trend based on the Stochastic indicator with an average likelihood of 76%.
The most notable companies in this group are Apple (NASDAQ:AAPL), QUALCOMM (NASDAQ:QCOM), Nokia Corp (NYSE:NOK), Ericsson (NASDAQ:ERIC), Ciena Corp (NYSE:CIEN), CommScope Holding Company (NASDAQ:COMM), Avaya Holdings Corp (NYSE:AVYA).
The average market capitalization across the group is 34.7B. The market cap for tickers in the group ranges from 0 to 2.3T. AAPL holds the highest valuation in this group at 2.3T. The lowest valued company is AATV at 0.
- 5/24/22 7:00 AM: Apple (AAPL, $143.11) saw a $128.7B market cap decrease this week
- 5/17/22 6:52 AM: Apple (AAPL, $145.54) saw a $80.1B market cap decrease this week
- 5/10/22 5:36 AM: Apple (AAPL, $152.06) saw a $91.7B market cap decrease this week
The average weekly price growth across all stocks in the group was 1.75%. For the same group, the average monthly price growth was -8.4%, and the average quarterly price growth was -24.26%. CRVW experienced the highest price growth at 77.2%, while AVYA experienced the biggest fall at -34.82%.
- 5/25/22 7:32 AM: Technicolor ADS (TCLRY, $0.1) was a top weekly gainer, with a +21.95% jump
- 5/21/22 6:30 AM: UTStarcom Holdings (UTSI, $0.61) is a top weekly loser for penny stocks, falling -15.13%
- 5/21/22 6:30 AM: Gatekeeper SYS (GKPRF, $0.28) was a top weekly gainer, with a +5.41% jump
The average weekly volume growth across all stocks in the group was 113.51%. For the same stocks of the group, the average monthly volume growth was 90.22% and the average quarterly volume growth was 238.3%
- 5/6/22 5:00 AM: The volume for Sonim Technologies stock increased for one day, resulting in a record-breaking daily growth of 1,012% of the 65-Day Volume Moving Average
- 5/4/22 8:21 AM: The volume for Digital Ally stock increased for one day, resulting in a record-breaking daily growth of 261% of the 65-Day Volume Moving Average
- 4/22/22 6:32 AM: The volume for Blonder Tongue Laboratories stock increased for one day, resulting in a record-breaking daily growth of 214% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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