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AppLovin Corporation (APP): Skating on Thin Ice? We Know the Answer

AppLovin Corporation (NASDAQ:APP) went down by -5.87% from its latest closing price compared to the recent 1-year high of $116.09. The company’s stock price has collected -18.41% of loss in the last five trading sessions. The Wall Street Journal reported on 09/12/22 that AppLovin Walks Away from Unity Software Takeover Bid

Is It Worth Investing in AppLovin Corporation (NASDAQ :APP) Right Now?

Opinions of the stock are interesting as 15 analysts out of 16 who provided ratings for AppLovin Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $52.13, which is $32.23 above the current price. APP currently public float of 177.37M and currently shorts hold a 8.09% ratio of that float. Today, the average trading volume of APP was 2.88M shares.

APP’s Market Performance

APP stocks went down by -18.41% for the week, with a monthly drop of -23.58% and a quarterly performance of -47.82%, while its annual performance rate touched -72.77%. The volatility ratio for the week stands at 5.11% while the volatility levels for the past 30 days are set at 5.64% for AppLovin Corporation. The simple moving average for the period of the last 20 days is -20.37% for APP stocks with a simple moving average of -59.97% for the last 200 days.

Analysts’ Opinion of APP

Many brokerage firms have already submitted their reports for APP stocks, with Wolfe Research repeating the rating for APP by listing it as a “Outperform.” The predicted price for APP in the upcoming period, according to Wolfe Research is $40 based on the research report published on August 17th of the current year 2022.

KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see APP reach a price target of $55. The rating they have provided for APP stocks is “Overweight” according to the report published on June 30th, 2022.

BofA Securities gave a rating of “Buy” to APP, setting the target price at $43 in the report published on May 12th of the current year.

APP Trading at -34.56% from the 50-Day Moving Average

After a stumble in the market that brought APP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.86% of loss for the given period.

Volatility was left at 5.64%, however, over the last 30 days, the volatility rate increased by 5.11%, as shares sank -24.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.59% lower at present.

During the last 5 trading sessions, APP fell by -18.41%, which changed the moving average for the period of 200-days by -77.84% in comparison to the 20-day moving average, which settled at $24.66. In addition, AppLovin Corporation saw -78.89% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at APP starting from Shikin Vasily, who sale 22,500 shares at the price of $26.59 back on Aug 24. After this action, Shikin Vasily now owns 2,644,535 shares of AppLovin Corporation, valued at $598,268 using the latest closing price.

Vivas Eduardo, the Director of AppLovin Corporation, sale 88,822 shares at $32.26 during a trade that took place back on Aug 16, which means that Vivas Eduardo is holding 10,692,259 shares at $2,865,182 based on the most recent closing price.

Stock Fundamentals for APP

Current profitability levels for the company are sitting at:

  • +5.37 for the present operating margin
  • +63.81 for the gross margin

The net margin for AppLovin Corporation stands at +1.14. Equity return is now at value -5.40, with -1.90 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 5.05.

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