Apple Inc (NASDAQ:AAPL) stock ration shattered by Baird Equity Research analysts on Monday from outperform to neutral, while also cut the Cupertino, California based company’s price target to $465 from $570 earlier.
The analysts reported they became more and more cautious of several near-term risks, mainly consensus forecasts, which remained too high.
The analysts reported that they think shares could continue declining trend. Shares of technology giant have been hit hard recently after the iPhone and iPad maker last week posted an outlook lower than forecasts.
Its competitors include Google Inc (NASDAQ:GOOG) that rose +0.10% to $754.41 with the total traded volume of 430,787.00 shares and Hewlett-Packard Company (NYSE:HPQ) that increased +0.65% to $17.10 with the total traded volume of 4.84 million shares.
Other Technology stocks with bullish trend include Alcatel Lucent SA (ADR) (NYSE:ALU) up 2.91% to $1.77, Cisco Systems, Inc (NASDAQ:CSCO) up 0.31% to $21.22 and Clearwire Corporation (NASDAQ:CLWR) up 1.99% to $3.34, whereas with bearish trend include Micron Technology, Inc (NASDAQ:MU) down -0.51% to $7.83, EMC Corporation (NYSE:EMC) down -0.67% to $25.09 and Yahoo! Inc (NASDAQ:YHOO) down -0.47% to $20.27.
Apple Inc (NASDAQ:AAPL) after opening at $437.83 hit high price of $449.85 and then trading at $448.61 by increased +1.91% and on current session volume of 9.27 million shares is lower than its average volume of 21.44 million shares.
The stock price volatility was 2.76% for a week and 2.44% for a month as well as price volatility’s Average True Range for 14 days was 16.88 and its beta remained 1.04.
The liquidity measure in recent quarter results of the company was recorded 1.54 as current ratio. The Company had total cash at hand $39.82 billion and a book value per share as $135.62 in the most recent quarter.
AAPL generated revenue of 164.69 billion in the following twelve months and earned $41.75 billion. The Company showed a positive 25.35% in the net profit margin and as well as in its operating margin which remained 33.46%. Company’s annual sales growth for the past five year was 44.81%.
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