The stock price of Appian Corp (NASDAQ: APPN) has plunged by -20.57 when compared to previous closing price of 36.73, but the company has seen a -19.41% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Appian (APPN) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.27 per share a year ago.
Is It Worth Investing in Appian Corp (NASDAQ: APPN) Right Now?
The stock has a 36-month beta value of 1.50. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for APPN is 39.90M, and at present, short sellers hold a 5.65% of that float. On May 02, 2024, the average trading volume of APPN was 531.85K shares.
APPN’s Market Performance
APPN stock saw a decrease of -19.41% in the past week, with a monthly decline of -22.22% and a quarterly a decrease of -11.24%. The volatility ratio for the week is 4.13%, and the volatility levels for the last 30 days are 4.19% for Appian Corp (APPN). The simple moving average for the last 20 days is -21.96% for APPN stock, with a simple moving average of -26.67% for the last 200 days.
Analysts’ Opinion of APPN
Many brokerage firms have already submitted their reports for APPN stocks, with Citigroup repeating the rating for APPN by listing it as a “Buy.” The predicted price for APPN in the upcoming period, according to Citigroup is $45 based on the research report published on January 11, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see APPN reach a price target of $55, previously predicting the price at $50. The rating they have provided for APPN stocks is “Buy” according to the report published on November 07th, 2023.
DA Davidson gave a rating of “Neutral” to APPN, setting the target price at $40 in the report published on June 06th of the previous year.
APPN Trading at -20.29% from the 50-Day Moving Average
After a stumble in the market that brought APPN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.23% of loss for the given period.
Volatility was left at 4.19%, however, over the last 30 days, the volatility rate increased by 4.13%, as shares sank -23.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.09% lower at present.
During the last 5 trading sessions, APPN fell by -20.79%, which changed the moving average for the period of 200-days by -44.40% in comparison to the 20-day moving average, which settled at $36.96. In addition, Appian Corp saw -22.53% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at APPN starting from Abdiel Capital Advisors, LP, who sale 400,000 shares at the price of $32.44 back on Feb 21 ’24. After this action, Abdiel Capital Advisors, LP now owns 5,890,304 shares of Appian Corp, valued at $12,976,000 using the latest closing price.
Abdiel Capital Advisors, LP, the 10% Owner of Appian Corp, sale 248,000 shares at $33.40 during a trade that took place back on Jan 04 ’24, which means that Abdiel Capital Advisors, LP is holding 6,290,304 shares at $8,283,680 based on the most recent closing price.
Stock Fundamentals for APPN
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.74 for the gross margin
The net margin for Appian Corp stands at -0.2. The total capital return value is set at -0.42. Equity return is now at value -112.54, with -18.24 for asset returns.
Based on Appian Corp (APPN), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at -0.4. The debt to equity ratio resting at 5.3. The interest coverage ratio of the stock is -6.04.
Currently, EBITDA for the company is -80.9 million with net debt to EBITDA at -1.58. When we switch over and look at the enterprise to sales, we see a ratio of 4.09. The receivables turnover for the company is 3.18for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
To sum up, Appian Corp (APPN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
