Applovin Corp (APP) Stock: Analyzing the Quarterly Movement

In the past week, APP stock has gone down by -3.97%, with a monthly gain of 11.98% and a quarterly surge of 74.96%. The volatility ratio for the week is 4.41%, and the volatility levels for the last 30 days are 4.20% for Applovin Corp The simple moving average for the last 20 days is 5.40% for APP stock, with a simple moving average of 68.12% for the last 200 days.

Is It Worth Investing in Applovin Corp (NASDAQ: APP) Right Now?

Applovin Corp (NASDAQ: APP) has a price-to-earnings ratio of 69.56x that is above its average ratio. Additionally, the 36-month beta value for APP is 1.90. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for APP is 161.50M and currently, short sellers hold a 13.69% ratio of that float. The average trading volume of APP on April 03, 2024 was 4.22M shares.

APP) stock’s latest price update

The stock of Applovin Corp (NASDAQ: APP) has increased by 0.84 when compared to last closing price of 69.14. Despite this, the company has experienced a -3.97% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that With a surging presence in their respective business industries, AppLovin Corporation (APP) and Coinbase Global (COIN) are two of the most intriguing stocks to watch as the second quarter begins.

Analysts’ Opinion of APP

Many brokerage firms have already submitted their reports for APP stocks, with HSBC Securities repeating the rating for APP by listing it as a “Buy.” The predicted price for APP in the upcoming period, according to HSBC Securities is $53.20 based on the research report published on December 18, 2023 of the previous year 2023.

Jefferies, on the other hand, stated in their research note that they expect to see APP reach a price target of $50, previously predicting the price at $20. The rating they have provided for APP stocks is “Buy” according to the report published on August 22nd, 2023.

BTIG Research gave a rating of “Buy” to APP, setting the target price at $34 in the report published on July 24th of the previous year.

APP Trading at 23.68% 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 -6.48% of loss for the given period.

Volatility was left at 4.20%, however, over the last 30 days, the volatility rate increased by 4.41%, as shares surge +12.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +69.47% upper at present.

During the last 5 trading sessions, APP fell by -3.97%, which changed the moving average for the period of 200-days by +209.87% in comparison to the 20-day moving average, which settled at $66.54. In addition, Applovin Corp saw 74.96% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at APP starting from Chen Herald Y, who sale 150,000 shares at the price of $63.04 back on Mar 14 ’24. After this action, Chen Herald Y now owns 62,418 shares of Applovin Corp, valued at $9,456,604 using the latest closing price.

Stumpf Matthew, the Chief Financial Officer (CFO) of Applovin Corp, sale 2,775 shares at $63.30 during a trade that took place back on Mar 14 ’24, which means that Stumpf Matthew is holding 362,264 shares at $175,658 based on the most recent closing price.

Stock Fundamentals for APP

Current profitability levels for the company are sitting at:

  • 0.2 for the present operating margin
  • 0.68 for the gross margin

The net margin for Applovin Corp stands at 0.11. The total capital return value is set at 0.15. Equity return is now at value 22.47, with 6.33 for asset returns.

Based on Applovin Corp (APP), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 2.51. The interest coverage ratio of the stock is 2.35.

Currently, EBITDA for the company is 1.14 billion with net debt to EBITDA at 2.72. When we switch over and look at the enterprise to sales, we see a ratio of 8.13. The receivables turnover for the company is 3.44for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.

Conclusion

In conclusion, Applovin Corp (APP) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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