Stock Rating Downgrade
In the last week the Value Trend Rating for Apple Inc (NASDAQ: AAPL) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Apple Inc (NASDAQ: AAPL) stock declined slightly by -0.2% on 11/8/24. The stock closed at $226.96. However, trading volume in this decline was below average at 78% of normal. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AAPL is expected to continue to be a major Value Builder.
Apple has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Apple has a slightly negative Appreciation Score of 30 but a very high Power Rating of 87, resulting in the High Neutral Value Trend Rating.
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