With 7.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.55 million shares. The 52-week range on APP shows that it touched its highest point at $525.15 and its lowest point at $54.50 during that stretch. It currently has a 1-year price target of $541.82. Beta for the stock currently stands at 2.30.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of APP was down-trending over the past week, with a drop of -11.95%, but this was up by 14.82% over a month. Three-month performance surged to 39.37% while six-month performance rose 379.68%. The stock gained 624.42% in the past year, while it has gained 28.25% so far this year. A look at the trailing 12-month EPS for APP yields 4.54 with Next year EPS estimates of 9.85. For the next quarter, that number is 1.43. This implies an EPS growth rate of 45.96% for this year and 49.03% for next year. EPS is expected to grow by 39.43% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 84.28%.
Float and Shares Shorts:
At present, 309.35 million APP shares are outstanding with a float of 208.87 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APP since 21 analysts follow the stock currently. There are 13 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.10466 being high and $3.96552 being low. For APP, this leads to a yearly average estimate of $4.06491. Based on analyst estimates, the high estimate for the next quarter is $2.18 and the low estimate is $2.18. The average estimate for the next quarter is thus $2.18.
