Price Over Earnings Overview: Apple
Portfolio Pulse from Benzinga Insights
Apple Inc.'s stock price is currently at $233.09, experiencing a 1.43% drop in the current session. Despite this, the stock has risen by 2.51% over the past month and 36.22% over the past year. Apple's P/E ratio of 35.99 is higher than the industry average of 30.24, suggesting potential overvaluation. Investors are advised to consider other financial metrics alongside the P/E ratio for a comprehensive analysis.
October 22, 2024 | 2:15 pm
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Apple's stock price is currently at $233.09, down 1.43% today. The P/E ratio of 35.99, higher than the industry average, suggests potential overvaluation. Investors should consider other metrics for a comprehensive analysis.
The article highlights a drop in Apple's stock price and a P/E ratio higher than the industry average, suggesting potential overvaluation. This could lead to a short-term negative impact on the stock price as investors reassess its valuation.
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