Apple stock is currently trading at a $10.90 per share price.
That’s a $15.16 per share gain.
In the short term, that’s an impressive price-to-earnings ratio, and it’s up a little bit from the $10 per share level in late June, which is when Apple reported its earnings.
Apple is trading at over $50 billion in cash and marketable securities, according to FactSet, and is trading for more than $20 billion in market cap.
That makes it the largest U.S. company.
But it’s also worth noting that Apple stock has been a bit of a roller coaster over the past few months.
In December, Apple posted its first quarterly loss of revenue in nearly six years.
And just a month ago, Apple stock dropped almost $1,000 in one hour.
On Friday, Apple shares dipped below $5 per share, as investors awaited the company to announce its quarterly earnings on Monday.
It was a major shake-up for the stock, which had already fallen from a high of $14.72 per share in June to below $10 by the end of the quarter.
It’s been a slow ride for Apple.
In its most recent earnings report, Apple said its fourth quarter revenue would be down about $2.1 billion, or 7.3%.
But that’s down from a 7.5% drop the year before.
Apple’s shares have been trading at about $60 a share since its peak of $63 in mid-2017.
At the end, Apple’s market cap stood at $73 billion, down from $76 billion at the end.
But that figure is up from $63 billion at its peak.
That is, Apple has grown its market cap by nearly 30% in the past year.
And that’s good news for the company.
The stock is still trading at an attractive price, and investors should keep their eyes on the company for its earnings on the earnings call on Monday, where the company is expected to talk about the financial health of the company and its plans to address its customers’ concerns about Apple Pay.
But investors should not expect Apple stock to come back to earth anytime soon.
The big news right now is that Apple has started selling more of its Apple Watch.
Apple said it sold 2.5 million Apple Watches in its fiscal first quarter, up from 2.1 million last year.
The company is also expected to start selling its iPhone 6 in the coming months.