Analysts are likely to get worried when a stock they cover floats far away from their published price target, and only some stocks are as widely followed or as far out of whack as Apple Inc. (NASDAQ:AAPL).
According to CNN’s Fortune, 11 analysts trimmed their Apple targets in the last weeks of the company’s first fiscal quarter of 2013, which ends Saturday. And while the mean estimate of the 48 they surveyed now stands at $740, which was $225 (44%) higher from the stock’s ending price yesterday, the second-to-last trading day of the year.[article_detail_ad_1]
It was also disclosed that AOL, Inc. (NYSE:AOL), on a recovery track that made it one of the hottest tech companies in 2012, trades about 39% below its average target. Microsoft (NASDAQ:MSFT) floats at 28%, Google (NASDAQ:GOOG) around 13%, Amazon (NASDAQ:AMZN) at 12% and Hewlett-Packard (NYSE:HPQ) at -4%, indicating that it’s changing hands for more than analysts believe it’s going to be worth 12 months from now.
How the Apple (AAPL) stock is trending now?
Shares of Apple traded up 0.40% during last trading session, closing at $515.06. The share price of AAPL traded yesterday in a range of $504.66 to $516.25. The company now has a market value of $484.51 billion.
Are you optimistic or bullish on the near-term price outlook?
The stock, after recent close, is -9.21% down their SMA 50 and 26.62% off the 52-week high. The worst hit in its 52 week range is $400.51 per share, with $705.07 as its 52 week best price that compares with a latest closing price of $515.06. Its latest closing price has a distance of -4.99% from SMA20 and is -13.75% up than SMA200.
Watch the stock’s performance in different time span.
With recent gain, the year-to-date (YTD) performance reflected a 28.30% gain above last year. During the past month the stock dropped-11.92%, bringing three-month performance to -23.18% and six-month performance to -9.16%.
Do you know how risky is this stock?
For this company, beta value at 1.21 represents it is more volatile to the shift in the market. If we take a look on its volatility, 1.81% was seen in a week and for the month it was 2.61%.
What does equity analysts say?
For the stock, mean recommendation this week is 1.9. Sharing price target summary; nearly 48 brokerages have a mean PT as $741.38 and median PT of $750.00 while the highest price target set by those rating agencies was $1,111.00 and lowest PT was $270.00.
Looking at top performers in the tech sector, BCD Semiconductor Manufacturing Ltd(ADR)(NASDAQ:BCDS) gained 86.18% to close at $7.41, Suntech Power Holdings Co., Ltd. (ADR)(NYSE:STP) surged 4.72% to settle at $1.33 and LG Display Co Ltd. (ADR)(NYSE:LPL) jumped 2.76% to finish the trade at $14.15.