From Nasdaq:

Apple (AAPL) closed at $185.14 in the latest trading session, marking a -0.23% move from the prior day. Coming into today, shares of the maker of iPhones, iPads and other products had lost 3.94% in the past month. The investment community will be closely monitoring the performance of Apple in its forthcoming earnings report, which is scheduled to be released on February 1, 2024.

Our research suggests Apple’s valuation, with a Forward P/E ratio of 28.27 and a PEG ratio of 2.56. The Computer – Mini computers industry currently holds a Zacks Industry Rank of 191, indicating poor performance.

Zacks.com is offering a report on 5 stocks set to double in 2023. It would be wise for investors to read up on the latest recommendations from Zacks Investment Research today. Apple Inc. stock has been on the decline, and investors should stay up to date with stock-shifting metrics in the next trading sessions.

This article appears on Zacks.com.



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