The price-to-earnings ratio for Appfolio Inc (NASDAQ: APPF) is above average at 8457.02x. The 36-month beta value for APPF is also noteworthy at 0.80. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for APPF is 19.73M, and at present, short sellers hold a 5.74% of that float. The average trading volume of APPF on April 26, 2024 was 331.56K shares.
APPF) stock’s latest price update
The stock of Appfolio Inc (NASDAQ: APPF) has increased by 16.33 when compared to last closing price of 216.65.Despite this, the company has seen a gain of 20.87% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-25 that AppFolio, Inc. (NASDAQ:APPF ) Q1 2024 Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Lori Barker – Investor Relations Shane Trigg – President & Chief Executive Officer Fay Sien Goon – Chief Financial Officer Conference Call Participants Operator Good afternoon. Thank you for standing by and welcome to the AppFolio’s First Quarter 2024 Financial Results Conference Call.
APPF’s Market Performance
Appfolio Inc (APPF) has experienced a 20.87% rise in stock performance for the past week, with a 1.76% rise in the past month, and a 12.68% rise in the past quarter. The volatility ratio for the week is 3.03%, and the volatility levels for the past 30 days are at 2.89% for APPF. The simple moving average for the past 20 days is 12.24% for APPF’s stock, with a 27.32% simple moving average for the past 200 days.
Analysts’ Opinion of APPF
Many brokerage firms have already submitted their reports for APPF stocks, with BTIG Research repeating the rating for APPF by listing it as a “Buy.” The predicted price for APPF in the upcoming period, according to BTIG Research is $215 based on the research report published on January 19, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see APPF reach a price target of $230, previously predicting the price at $155. The rating they have provided for APPF stocks is “Buy” according to the report published on September 01st, 2023.
APPF Trading at 9.91% from the 50-Day Moving Average
After a stumble in the market that brought APPF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.55% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares surge +2.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.93% upper at present.
During the last 5 trading sessions, APPF rose by +20.76%, which changed the moving average for the period of 200-days by +38.07% in comparison to the 20-day moving average, which settled at $224.79. In addition, Appfolio Inc saw 45.47% 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 APPF starting from BLISS TIMOTHY K, who sale 40,316 shares at the price of $223.89 back on Mar 12 ’24. After this action, BLISS TIMOTHY K now owns 10,754 shares of Appfolio Inc, valued at $9,026,430 using the latest closing price.
BLISS TIMOTHY K, the Director of Appfolio Inc, sale 10,000 shares at $227.24 during a trade that took place back on Mar 11 ’24, which means that BLISS TIMOTHY K is holding 51,070 shares at $2,272,367 based on the most recent closing price.
Stock Fundamentals for APPF
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.49 for the gross margin
The net margin for Appfolio Inc stands at 0.16. The total capital return value is set at 0.16. Equity return is now at value 0.96, with 0.68 for asset returns.
Based on Appfolio Inc (APPF), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 2.51.
Currently, EBITDA for the company is 36.81 million with net debt to EBITDA at -0.24. When we switch over and look at the enterprise to sales, we see a ratio of 18.82. The receivables turnover for the company is 18.5for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.78.
Conclusion
In summary, Appfolio Inc (APPF) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
