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Investing

Apple Shares Hitting All-Time Highs Ahead of Earnings (AAPL)

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By Jon C. Ogg Published
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Apple Inc. (NASDAQ: AAPL) shares hit yet another all-time high today.  The new high as of 10:00 AM EST is $428.08 ahead of next week’s earnings due on January 24.  The prior 52-week trading range was $310.50 to $427.75 and the market cap is roughly $397 billion.

The big question is Apple’s valuation.  If Apple only meets the $35.01 EPS target for its fiscal September-2012 year then its forward earnings multiple is only 12.2 and that won’t sound expensive to anyone.  Keep in mind that Apple will have likely eclipsed a $100 billion pile of cash at that point.

The company has even been able to fend off all of the labor woes of late and it went as far as to issue its supply chain manufacturers in a highly unusual move.

The consensus price targets have also crept higher as well.  The Thomson Reuters data shows a mean target of $509.21 and a median target of $513.00. 

JON C. OGG

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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