Applovin Corp (NASDAQ: APP) has a price-to-earnings ratio of 32.79x that is above its average ratio. Additionally, the 36-month beta value for APP is 1.83. 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 185.65M and currently, short sellers hold a 7.75% ratio of that float. The average trading volume of APP on August 12, 2024 was 4.27M shares.
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APP) stock’s latest price update
Applovin Corp (NASDAQ: APP)’s stock price has increased by 0.85 compared to its previous closing price of 76.73. However, the company has seen a 12.60% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-09 that AppLovin Corporation’s Q2 showcased staggering revenue growth and impressive operating leverage, as management emphasized both expansion and cost discipline. The company’s growth in key profitability metrics is strikingly linear, with profit expansion substantially outpacing revenue growth. AppLovin Corporation has solid potential to sustain this impressive trajectory, as its flagship products leverage AI capabilities and benefit from a robust ecosystem of offerings.
APP’s Market Performance
Applovin Corp (APP) has experienced a 12.60% rise in stock performance for the past week, with a -5.65% drop in the past month, and a -8.63% drop in the past quarter. The volatility ratio for the week is 10.10%, and the volatility levels for the past 30 days are at 5.89% for APP. The simple moving average for the past 20 days is -0.43% for APP’s stock, with a 26.57% simple moving average for the past 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 -3.33% 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 -15.81% of loss for the given period.
Volatility was left at 5.89%, however, over the last 30 days, the volatility rate increased by 10.10%, as shares sank -8.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.76% lower at present.
During the last 5 trading sessions, APP rose by +12.60%, which changed the moving average for the period of 200-days by +105.58% in comparison to the 20-day moving average, which settled at $77.34. In addition, Applovin Corp saw 94.18% 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:
- 0.3 for the present operating margin
- 0.71 for the gross margin
The net margin for Applovin Corp stands at 0.21. The total capital return value is set at 0.26. Equity return is now at value 70.66, with 15.33 for asset returns.
Based on Applovin Corp (APP), the company’s capital structure generated 0.81 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 4.32. The interest coverage ratio of the stock is 7.95.
Currently, EBITDA for the company is 1.14 billion with net debt to EBITDA at 2.0. When we switch over and look at the enterprise to sales, we see a ratio of 7.21. The receivables turnover for the company is 3.68for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.28.
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.
