Shares of Apple Inc. (AAPL) hit a new all time high Monday, surpassing their previous high of $129.50 set on February 20, 2015. That’s an 80.97% rise, or $59.15 per share from the 52-week low of $73.05 set on April 15, 2014.
The stock is currently trading at $132.06, printing a one-year return of about 76% and year-to-date return of around 19.62%, outperforming the S&P 500 index by 61.78% and 5.40%, respectively. The average volume of shares traded over the last three months is roughly 55.5 million.
At more than $132 a share, Apple’s current market value stands at about $767 billion.
On valuation measures, AAPL shares are currently priced at 17.87x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.54x earnings multiple. The company’s current year and next year EPS growth estimates stand at 33.00% and 6.90% compared to the industry growth rates of 6.10% and -2.40%, respectively. AAPL has a t-12 price/sales ratio of 3.78. EPS for the same period registers at $7.39.
The chart below shows where the equity has traded over the past year.
Apple’s new all time high comes after Barron’s predicted over the weekend that the iPhone maker’s stock could return 25% in a year.
Leave a Reply