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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE

(AAPL)
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Apple : A correction would be a logical outcome

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09/12/2019 | 09:46am EDT
short sell
Live
Entry price : 224.8$ | Target : 201.1$ | Stop-loss : 235.1$ | Potential : 10.54%
The recently observed upswing has shown some signs of exhaustion, which makes for good timing to employ a short strategy with a short term perspective.
Investors should open a short trade and target the $ 201.1.
Chart APPLE
Duration : Period :
Apple Technical Analysis Chart | MarketScreener
Full-screen chart
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Historically, the company has been releasing figures that are above expectations.
  • Within the weekly time frame the stock shows a bullish technical configuration above the support level at 179.98 USD

Weaknesses
  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
  • With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
  • With an enterprise value anticipated at 3.51 times the sales for the current fiscal year, the company turns out to be overvalued.
  • The company is not the most generous with respect to shareholders' compensation.
  • For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
  • For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
Ratings chart
Subsector Phones & Handheld Devices
1st jan.Capitalisation (M$)Investor Rating
APPLE38.03%998 558
SAMSUNG ELECTRONICS CO LTD--.--%273 912
XIAOMI CORP--.--%27 997
WINGTECH TECHNOLOGY CO LTD264.88%6 924
MERRY ELECTRONICS CO LTD--.--%989
-
MEITU INC--.--%987
FITBIT INC-17.51%948
FOCUSRITE PLC17.26%398
QUARTIX HOLDINGS PLC26.42%200
DORO AB7.76%90
VUZIX CORP-47.61%82
Autres valeurs du secteur

David Meurisse
© Zonebourse.com 2019
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2019 259 B
EBIT 2019 63 307 M
Net income 2019 54 122 M
Finance 2019 102 B
Yield 2019 1,38%
P/E ratio 2019 18,7x
P/E ratio 2020 17,1x
EV / Sales2019 3,41x
EV / Sales2020 3,32x
Capitalization 984 B
Upcoming event on APPLE
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 221,98  $
Last Close Price 217,73  $
Spread / Highest target 24,0%
Spread / Average Target 1,95%
Spread / Lowest Target -31,1%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology