Applovin Corp (NASDAQ: APP) has a price-to-earnings ratio of 67.69x that is above its average ratio. Additionally, the 36-month beta value for APP is 1.86. 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.”
The public float for APP is 162.41M and currently, short sellers hold a 15.18% ratio of that float. The average trading volume of APP on April 23, 2024 was 4.49M shares.
APP) stock’s latest price update
Applovin Corp (NASDAQ: APP)’s stock price has plunge by 1.57relation to previous closing price of 66.80. Nevertheless, the company has seen a -5.01% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that AppLovin (APP) closed the most recent trading day at $66.63, moving -0.25% from the previous trading session.
APP’s Market Performance
APP’s stock has fallen by -5.01% in the past week, with a monthly drop of -5.65% and a quarterly rise of 56.50%. The volatility ratio for the week is 4.31% while the volatility levels for the last 30 days are 4.64% for Applovin Corp The simple moving average for the last 20 days is -6.24% for APP stock, with a simple moving average of 51.18% for the last 200 days.
Analysts’ Opinion of APP
Many brokerage firms have already submitted their reports for APP stocks, with Daiwa Securities repeating the rating for APP by listing it as a “Neutral.” The predicted price for APP in the upcoming period, according to Daiwa Securities is $80 based on the research report published on April 15, 2024 of the current year 2024.
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 5.14% 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 -14.71% of loss for the given period.
Volatility was left at 4.64%, however, over the last 30 days, the volatility rate increased by 4.31%, as shares sank -4.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.76% upper at present.
During the last 5 trading sessions, APP fell by -5.01%, which changed the moving average for the period of 200-days by +165.56% in comparison to the 20-day moving average, which settled at $72.20. In addition, Applovin Corp saw 70.26% 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 7.94. 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 mixed 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
