Trade-Ideas LLC identified

Apple

(

AAPL

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Apple as such a stock due to the following factors:

  • AAPL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.5 billion.
  • AAPL traded 4.4 million shares today in the pre-market hours as of 9:09 AM, representing 12.9% of its average daily volume.

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More details on AAPL:

Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, education, and enterprise and government customers worldwide. The stock currently has a dividend yield of 2.3%. AAPL has a PE ratio of 11. Currently there are 26 analysts that rate Apple a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for Apple has been 39.0 million shares per day over the past 30 days. Apple has a market cap of $540.4 billion and is part of the consumer goods sector and consumer durables industry. The stock has a beta of 1.43 and a short float of 1% with 1.30 days to cover. Shares are down 7.5% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Apple as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • The debt-to-equity ratio is somewhat low, currently at 0.61, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.10, which illustrates the ability to avoid short-term cash problems.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Computers & Peripherals industry and the overall market, APPLE INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
  • 44.30% is the gross profit margin for APPLE INC which we consider to be strong. Regardless of AAPL's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, AAPL's net profit margin of 20.80% compares favorably to the industry average.
  • AAPL, with its decline in revenue, slightly underperformed the industry average of 12.7%. Since the same quarter one year prior, revenues fell by 12.8%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • APPLE INC's earnings per share declined by 18.4% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, APPLE INC increased its bottom line by earning $9.20 versus $6.43 in the prior year. For the next year, the market is expecting a contraction of 10.8% in earnings ($8.21 versus $9.20).

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