In the past week, APP stock has gone up by 12.89%, with a monthly gain of 23.52% and a quarterly surge of 104.80%. The volatility ratio for the week is 5.16%, and the volatility levels for the last 30 days are 4.68% for Applovin Corp The simple moving average for the past 20 days is 14.40% for APP’s stock, with a 83.84% simple moving average for the past 200 days.
Is It Worth Investing in Applovin Corp (NASDAQ: APP) Right Now?
The price-to-earnings ratio for Applovin Corp (NASDAQ: APP) is above average at 77.87x, Company’s 36-month beta value is 1.88.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for APP is 161.50M, and currently, short sellers hold a 13.69% ratio of that floaft. The average trading volume of APP on April 09, 2024 was 4.39M shares.
APP) stock’s latest price update
The stock of Applovin Corp (NASDAQ: APP) has increased by 4.35 when compared to last closing price of 74.79. Despite this, the company has experienced a 12.89% gain in its stock price over the last five trading sessions. Investors Business Daily reported 2024-04-08 that AppLovin stock scored a bullish analyst report Monday following the company’s strong showing at the Mobile Apps Unlocked conference in Las Vegas last week.
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 32.91% 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 able to rebound, for now settling with 2.90% of gains for the given period.
Volatility was left at 4.68%, however, over the last 30 days, the volatility rate increased by 5.16%, as shares surge +23.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +77.10% upper at present.
During the last 5 trading sessions, APP rose by +12.89%, which changed the moving average for the period of 200-days by +234.26% in comparison to the 20-day moving average, which settled at $68.96. In addition, Applovin Corp saw 95.86% 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 Valenzuela Victoria, who sale 50,000 shares at the price of $75.01 back on Apr 04 ’24. After this action, Valenzuela Victoria now owns 471,560 shares of Applovin Corp, valued at $3,750,500 using the latest closing price.
Chen Herald Y, the President & CFO of Applovin Corp, sale 150,000 shares at $63.04 during a trade that took place back on Mar 14 ’24, which means that Chen Herald Y is holding 62,418 shares at $9,456,604 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 8.99. 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 a nutshell, Applovin Corp (APP) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
