The price-to-earnings ratio for Applovin Corp (NASDAQ: APP) is 59.18x, which is above its average ratio. Moreover, the 36-month beta value for APP is 1.91. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 9 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for APP is 196.80M and currently, short sellers hold a 8.78% of that float. On October 07, 2024, APP’s average trading volume was 4.01M shares.
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APP) stock’s latest price update
Applovin Corp (NASDAQ: APP)’s stock price has increased by 3.26 compared to its previous closing price of 135.25. However, the company has seen a 9.32% increase in its stock price over the last five trading sessions. zacks.com reported 2024-10-03 that These fives stocks have strong growth potential for the rest of 2024. These are: APP, DUOL, PARAA, TWLO, CTLT.
APP’s Market Performance
Applovin Corp (APP) has seen a 9.32% rise in stock performance for the week, with a 58.36% gain in the past month and a 63.96% surge in the past quarter. The volatility ratio for the week is 3.24%, and the volatility levels for the past 30 days are at 4.73% for APP. The simple moving average for the past 20 days is 18.58% for APP’s stock, with a 89.65% simple moving average for the past 200 days.
Analysts’ Opinion of APP
Many brokerage firms have already submitted their reports for APP stocks, with UBS repeating the rating for APP by listing it as a “Buy.” The predicted price for APP in the upcoming period, according to UBS is $145 based on the research report published on September 17, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see APP reach a price target of $93, previously predicting the price at $70. The rating they have provided for APP stocks is “Buy” according to the report published on May 02nd, 2024.
Daiwa Securities gave a rating of “Neutral” to APP, setting the target price at $80 in the report published on April 15th of the current year.
APP Trading at 45.18% 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 able to rebound, for now settling with 3.26% of gains for the given period.
Volatility was left at 4.73%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares surge +65.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +83.35% upper at present.
During the last 5 trading sessions, APP rose by +9.32%, which changed the moving average for the period of 200-days by +241.72% in comparison to the 20-day moving average, which settled at $120.54. In addition, Applovin Corp saw 250.46% 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 Foroughi Arash Adam, who sale 100,000 shares at the price of $111.40 back on Sep 13 ’24. After this action, Foroughi Arash Adam now owns 3,885,217 shares of Applovin Corp, valued at $11,140,337 using the latest closing price.
Foroughi Arash Adam, the CEO & Chairperson of Applovin Corp, sale 100,000 shares at $104.19 during a trade that took place back on Sep 12 ’24, which means that Foroughi Arash Adam is holding 3,985,217 shares at $10,419,320 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 3.98.
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 12.57. 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 wrap up, the performance of Applovin Corp (APP) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
