The stock of Applovin Corp (APP) has gone down by -8.48% for the week, with a 13.04% rise in the past month and a 71.25% rise in the past quarter. The volatility ratio for the week is 4.98%, and the volatility levels for the past 30 days are 4.89% for APP. The simple moving average for the past 20 days is -0.68% for APP’s stock, with a 63.17% 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 71.27x, which is above its average ratio. Moreover, the 36-month beta value for APP is 1.85. Analysts have varying 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 162.41M and currently, short sellers hold a 15.18% of that float. On April 16, 2024, APP’s average trading volume was 4.49M shares.
APP) stock’s latest price update
Applovin Corp (NASDAQ: APP) has seen a decline in its stock price by -5.48 in relation to its previous close of 75.57. However, the company has experienced a -8.48% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Here is how AppLovin (APP) and Booz Allen Hamilton (BAH) have performed compared to their sector so far this year.
Analysts’ Opinion of APP
HSBC Securities, on the other hand, stated in their research note that they expect to see APP reach a price target of $53.20. The rating they have provided for APP stocks is “Buy” according to the report published on December 18th, 2023.
Jefferies gave a rating of “Buy” to APP, setting the target price at $50 in the report published on August 22nd of the previous year.
APP Trading at 15.12% 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 -10.21% of loss for the given period.
Volatility was left at 4.89%, however, over the last 30 days, the volatility rate increased by 4.98%, as shares surge +13.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +74.39% upper at present.
During the last 5 trading sessions, APP fell by -8.48%, which changed the moving average for the period of 200-days by +177.83% in comparison to the 20-day moving average, which settled at $72.33. In addition, Applovin Corp saw 79.25% 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 8.31. 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
To wrap up, the performance of Applovin Corp (APP) has been better in recent times. The stock has received a mixed of “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.
