Applovin Corp (NASDAQ: APP) has seen a decline in its stock price by -0.88 in relation to its previous close of 77.53. However, the company has experienced a -7.68% decline in its stock price over the last five trading sessions. zacks.com reported 2024-07-29 that AppLovin (APP) closed at $76.85 in the latest trading session, marking a -0.88% move from the prior day.
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 45.53x. The 36-month beta value for APP is also noteworthy at 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.”
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The public float for APP is 169.81M, and at present, short sellers hold a 10.06% of that float. The average trading volume of APP on July 30, 2024 was 4.15M shares.
APP’s Market Performance
APP stock saw a decrease of -7.68% in the past week, with a monthly decline of -7.54% and a quarterly a decrease of 4.10%. The volatility ratio for the week is 4.43%, and the volatility levels for the last 30 days are 4.25% for Applovin Corp (APP). The simple moving average for the last 20 days is -7.60% for APP stock, with a simple moving average of 28.87% for the last 200 days.
Analysts’ Opinion of APP
Many brokerage firms have already submitted their reports for APP stocks, with Jefferies repeating the rating for APP by listing it as a “Buy.” The predicted price for APP in the upcoming period, according to Jefferies is $93 based on the research report published on May 02, 2024 of the current year 2024.
Daiwa Securities, on the other hand, stated in their research note that they expect to see APP reach a price target of $80. The rating they have provided for APP stocks is “Neutral” according to the report published on April 15th, 2024.
HSBC Securities gave a rating of “Buy” to APP, setting the target price at $53.20 in the report published on December 18th of the previous year.
APP Trading at -6.12% 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 -16.39% of loss for the given period.
Volatility was left at 4.25%, however, over the last 30 days, the volatility rate increased by 4.43%, as shares sank -7.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.58% lower at present.
During the last 5 trading sessions, APP fell by -7.68%, which changed the moving average for the period of 200-days by +89.61% in comparison to the 20-day moving average, which settled at $82.85. In addition, Applovin Corp saw 92.85% 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 Vivas Eduardo, who sale 118,839 shares at the price of $90.75 back on Jul 05 ’24. After this action, Vivas Eduardo now owns 7,641,531 shares of Applovin Corp, valued at $10,784,240 using the latest closing price.
Vivas Eduardo, the Director of Applovin Corp, sale 3,743 shares at $90.75 during a trade that took place back on Jul 05 ’24, which means that Vivas Eduardo is holding 112,681 shares at $339,660 based on the most recent closing price.
Stock Fundamentals for APP
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.69 for the gross margin
The net margin for Applovin Corp stands at 0.16. The total capital return value is set at 0.21. Equity return is now at value 44.69, with 10.63 for asset returns.
Based on Applovin Corp (APP), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 4.64. The interest coverage ratio of the stock is 3.37.
Currently, EBITDA for the company is 1.14 billion with net debt to EBITDA at 2.38. When we switch over and look at the enterprise to sales, we see a ratio of 7.83. The receivables turnover for the company is 3.5for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.
Conclusion
In summary, Applovin Corp (APP) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
