Apple Stock Soars 4.31%, Hits Intraday High of USD 256.64

Apple, Inc. has experienced a notable uptick today, gaining 4.31% and reaching an intraday high of USD 256.64. This performance comes amid a backdrop of strong financial metrics, including a high return on capital employed (ROCE) of 94.78%, indicating effective management efficiency. The company also showcases a robust ability to service its debt, reflected in a low debt to EBITDA ratio of 0.42 times.
In terms of growth, Apple has demonstrated healthy long-term prospects, with net sales increasing at an annual rate of 8.38% and operating profit rising by 14.34%. However, the stock has underperformed the broader market over the past year, generating a return of 5.07%, compared to the S&P 500's 17.72%.

With a market capitalization of USD 3,530,232 million, Apple remains a significant player in the telecom equipment and accessories industry. The stock's price-to-earnings ratio stands at 31.00, and it offers a dividend yield of 0.47%. High institutional holdings at 64.43% further underscore the stock's appeal among knowledgeable investors.