The stock of Appian Corp (APPN) has seen a 4.03% increase in the past week, with a 20.08% gain in the past month, and a -3.42% decrease in the past quarter. The volatility ratio for the week is 4.64%, and the volatility levels for the past 30 days are at 3.58% for APPN. The simple moving average for the last 20 days is 8.76% for APPN stock, with a simple moving average of 5.49% for the last 200 days.
Is It Worth Investing in Appian Corp (NASDAQ: APPN) Right Now?
The 36-month beta value for APPN is at 1.46. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for APPN is 39.91M, and currently, shorts hold a 8.94% of that float. The average trading volume for APPN on July 30, 2024 was 585.01K shares.
APPN) stock’s latest price update
Appian Corp (NASDAQ: APPN)’s stock price has decreased by -1.97 compared to its previous closing price of 37.80. However, the company has seen a 4.03% increase in its stock price over the last five trading sessions. zacks.com reported 2024-07-26 that Appian (APPN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down the road.
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 18.50% 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 -30.07% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 4.64%, as shares surge +23.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.55% upper at present.
During the last 5 trading sessions, APPN rose by +6.37%, which changed the moving average for the period of 200-days by -12.11% in comparison to the 20-day moving average, which settled at $34.43. In addition, Appian Corp saw -1.60% 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 purchase 32,500 shares at the price of $37.54 back on Jul 26 ’24. After this action, Abdiel Capital Advisors, LP now owns 7,655,847 shares of Appian Corp, valued at $1,220,050 using the latest closing price.
Abdiel Capital Advisors, LP, the 10% Owner of Appian Corp, purchase 5,200 shares at $35.80 during a trade that took place back on Jul 25 ’24, which means that Abdiel Capital Advisors, LP is holding 7,623,347 shares at $186,160 based on the most recent closing price.
Stock Fundamentals for APPN
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.74 for the gross margin
The net margin for Appian Corp stands at -0.19. The total capital return value is set at -0.31. Equity return is now at value -201.50, with -17.34 for asset returns.
Based on Appian Corp (APPN), the company’s capital structure generated 1.04 points at debt to capital in total, while cash flow to debt ratio is standing at -0.25. The debt to equity ratio resting at -27.66. The interest coverage ratio of the stock is -4.52.
Currently, EBITDA for the company is -80.9 million with net debt to EBITDA at -2.31. When we switch over and look at the enterprise to sales, we see a ratio of 4.81. The receivables turnover for the company is 4.01for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
In conclusion, Appian Corp (APPN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
