Apple Inc (NASDAQ: AAPL) Basic Stock Analysis
By Rocky Biggs on May 01, 2010
Apple Inc (NASDAQ:AAPL) ended trading at 261.09 as of 04/30/2010 4:00pm – a -7.55 ( -2.81%) change through 19,370,000 volume of trading. For beginner investors, we’ve provided a basic fundamental analysis to ponder over the weekend.
Here’s a look at Apple’s ratios compared to the industry avergage:
Price to Earnings: Here Apple Inc scores negative points with its multiple at 24.1 compared to the industry average of 23.9.
Price to Sales: The industry average P/S ratio of 0.91 is more healthy than Apple Inc’s 4.78.
PEG ratio: Apple Inc’s 1.16 PEG ratio makes it technically overvalued .
Based on the basic analysis above and other more advanced valuation techniques and ratios, our current advice is in line with the analyst consensus to Moderate Buy. The current price is above the 50 day moving average of 219.78 so it might be wise to consider that before deciding your play on the stock.We’ll be keeping a close eye on the Apple Inc (NASDAQ:AAPL) stock level for developments over the next few weeks.
That’s it for now, enjoy the weekend, and we will continue our analysis of the Steve Jobs led company when markets open on Monday.
Filed Under: Finance
With the trend on websites for developers to abandon ship on Apple, how does that figure into the stock price?
Meaning, Apple released new rules which greatly hinder the ability to create new avant garde apps for the Iphone, and such development will now be done for the Android and PalmOS. However, the stock price seems to just keep on going up since that announcement. Seems like the long term future of the devices which currently make Apple it’s great profits are going to decrease as people switch phones when their contracts expire.