Applovin Corp (NASDAQ: APP)’s stock price has decreased by -0.34 compared to its previous closing price of 90.20. However, the company has seen a 4.75% increase in its stock price over the last five trading sessions. zacks.com reported 2024-08-26 that In light of the recent increase in AppLovin’s (APP) price, it’s crucial to assess the company’s current standing to make an informed investment decision.
Is It Worth Investing in Applovin Corp (NASDAQ: APP) Right Now?
Applovin Corp (NASDAQ: APP) has a higher price-to-earnings ratio of 38.09x compared to its average ratio. APP has 36-month beta value of 1.87. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 9 as “overweight,” 7 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for APP is 186.12M, and currently, short sellers hold a 7.73% ratio of that float. The average trading volume of APP on August 27, 2024 was 3.86M shares.
APP’s Market Performance
APP stock saw an increase of 4.75% in the past week, with a monthly gain of 15.94% and a quarterly increase of 9.42%. The volatility ratio for the week is 4.13%, and the volatility levels for the last 30 days are 5.96% for Applovin Corp (APP). The simple moving average for the last 20 days is 13.52% for APP stock, with a simple moving average of 41.04% 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 11.30% 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 -2.82% of loss for the given period.
Volatility was left at 5.96%, however, over the last 30 days, the volatility rate increased by 4.13%, as shares surge +16.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.82% upper at present.
During the last 5 trading sessions, APP rose by +4.75%, which changed the moving average for the period of 200-days by +119.83% in comparison to the 20-day moving average, which settled at $79.83. In addition, Applovin Corp saw 125.57% 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 Chen Herald Y, who sale 300,000 shares at the price of $89.87 back on Aug 22 ’24. After this action, Chen Herald Y now owns 31,209 shares of Applovin Corp, valued at $26,959,813 using the latest closing price.
Valenzuela Victoria, the CLO & Corp. Secretary of Applovin Corp, sale 14,166 shares at $89.98 during a trade that took place back on Aug 22 ’24, which means that Valenzuela Victoria is holding 352,616 shares at $1,274,690 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 8.37. 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
To put it simply, Applovin Corp (APP) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
