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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE

(AAPL)
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Apple : A resistance level that suggests downside risk

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08/14/2019 | 09:52am EDT
short sell
Live
Entry price : 204.448$ | Target : 192.5$ | Stop-loss : 213.7$ | Potential : 5.84%
Shares in Apple are trading close to a major resistance level situated around 213.04 USD, which limits upside potential and could cause a corrective move to the downside.
Investors should open a short trade and target the $ 192.5.
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.

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.

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 3.25 times the sales for the current fiscal year, the company turns out to be overvalued.
  • The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
  • 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
APPLE30.91%911 699
SAMSUNG ELECTRONICS CO LTD--.--%239 303
XIAOMI CORP--.--%26 924
MEITU INC--.--%1 099
MERRY ELECTRONICS CO LTD--.--%995
-
FITBIT INC-39.84%747
FOCUSRITE PLC-6.84%295
QUARTIX HOLDINGS PLC27.17%190
MEMTECH INTERNATIONAL LTD69.62%135
DORO AB-4.69%79
-
VUZIX CORP-58.63%68
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 63 365 M
Net income 2019 54 118 M
Finance 2019 104 B
Yield 2019 1,45%
P/E ratio 2019 17,8x
P/E ratio 2020 16,2x
EV / Sales2019 3,21x
EV / Sales2020 3,12x
Capitalization 933 B
Upcoming event on APPLE
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 221,38  $
Last Close Price 206,50  $
Spread / Highest target 30,8%
Spread / Average Target 7,20%
Spread / Lowest Target -27,4%
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