📉 Apple's Market Cap Dips by a Whopping $56.0B: Unraveling the Trend 🍎🍏
Apple, the tech behemoth, took a hit yesterday. Despite its pioneering stature in the electronics and appliances industry, Apple's (AAPL) stock price experienced a downward shift of -2%, bringing the stock value to $175.49 per share. This, in turn, slashed its market cap by an eye-watering $56.0B.
A.I.dvisor's recent analysis of the Electronics/Appliances sector paints a gloomy picture, with only 18.18% of the stocks trending upwards. The elephant in the room – AAPL – is bearing the brunt of this downtrend, contrasting sharply with its peers in the industry.
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Snapshot of Apple's Current Financial Health:
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Last Earnings Report:
On August 03, Apple reported earnings per share of $1.26, surpassing the expected $1.19.
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Dividends:
A dividend of $0.24 per share was disbursed, with the crucial ex-dividend date being August 11, 2023. 📅
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Volume Dynamics:
Over the past week, AAPL has seen an average daily trading volume of 4 million shares, marking a decrease in its overall stock movement.
Peers in the Limelight:
Besides Apple, GoPro stands out in the Electronics/Appliances industry.
Bigger Picture - The Electronics/Appliances Industry:
With smarthomes becoming more of a reality than a dream, consumer electronics and appliances are enjoying a surge in demand. These gadgets aren't just a trend; they're significantly impacting the US economy, considering consumers contribute a staggering 70% to the GDP. Brands like Sony Corp., Whirlpool, and iRobot are major players here.
However, the recent data shows some headwinds:
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Price Movements:
Over the last quarter, the industry's average price growth was -12%. The bright spot being PXDT with a 13% growth, while WTO witnessed the sharpest decline at -18%.
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Volume Analysis:
A 50% drop in the average weekly volume growth for stocks in this sector suggests decreased trading interest.
Fundamental Analysis Ratings:
These ratings give investors an understanding of a stock's potential and its comparison with industry peers:
- Valuation Rating: 63
- P/E Growth Rating: 54
- Price Growth Rating: 66
- SMR Rating: 61
- Profit Risk Rating: 87
- Seasonality Score: -29
AI Insights:
A fascinating observation by A.I.dvisor is the correlation between AAPL and SONY, moving in tandem 54% of the time. So, Apple's performance could potentially offer cues on SONY's future moves.
What's Ahead for Apple:
On October 26, Apple is anticipated to announce its earnings, with projections indicating a rise by 10.32% to $1.39 per share.
For all investors and market enthusiasts, these are intriguing times, as one of the industry's giants navigates through market volatility. Whether this is a momentary blip or indicative of a more prolonged downturn, only time will tell. 📊📉
AAPL in upward trend: price rose above 50-day moving average on November 18, 2024
AAPL moved above its 50-day moving average on November 18, 2024 date and that indicates a change from a downward trend to an upward trend. In of 36 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for AAPL just turned positive on November 19, 2024. Looking at past instances where AAPL's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for AAPL crossed bullishly above the 50-day moving average on November 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPL advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 352 cases where AAPL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
AAPL broke above its upper Bollinger Band on December 03, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a 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 (best 1 - 100 worst), indicating outstanding price growth. AAPL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (35.461) is normal, around the industry mean (85.677). P/E Ratio (26.429) is within average values for comparable stocks, (47.267). Projected Growth (PEG Ratio) (2.092) is also within normal values, averaging (1.869). AAPL has a moderately low Dividend Yield (0.006) as compared to the industry average of (0.025). P/S Ratio (6.925) is also within normal values, averaging (74.200).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of mobile communication, media devices, personal computers, and portable digital music players
Industry ElectronicsAppliances