In the past week, APP stock has gone down by -4.17%, with a monthly gain of 14.03% and a quarterly surge of 130.80%. The volatility ratio for the week is 3.50%, and the volatility levels for the last 30 days are 3.59% for Applovin Corp. The simple moving average for the past 20 days is 2.71% for APP’s stock, with a 85.03% simple moving average for the past 200 days.
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 67.48x. The 36-month beta value for APP is also noteworthy at 1.87. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 9 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
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The public float for APP is 196.80M, and at present, short sellers hold a 11.12% of that float. The average trading volume of APP on November 04, 2024 was 4.26M shares.
APP) stock’s latest price update
Applovin Corp (NASDAQ: APP)’s stock price has gone decline by -2.62 in comparison to its previous close of 163.53, however, the company has experienced a -4.17% decrease in its stock price over the last five trading days. cnbc.com reported 2024-11-04 that AppLovin’s 310% gain this year makes it the best-performing stock among all U.S. tech companies with a market cap of at least $5 billion, according to FactSet data. That puts pressure on the company to show impressive results when it reports earnings this week.
Analysts’ Opinion of APP
Many brokerage firms have already submitted their reports for APP stocks, with Wells Fargo repeating the rating for APP by listing it as a “Overweight.” The predicted price for APP in the upcoming period, according to Wells Fargo is $200 based on the research report published on October 29, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see APP reach a price target of $181. The rating they have provided for APP stocks is “Buy” according to the report published on October 22nd, 2024.
Goldman gave a rating of “Neutral” to APP, setting the target price at $150 in the report published on October 14th of the current year.
APP Trading at 23.39% 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 -8.72% of loss for the given period.
Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares surge +13.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +76.54% upper at present.
During the last 5 trading sessions, APP fell by -4.18%, which changed the moving average for the period of 200-days by +287.06% in comparison to the 20-day moving average, which settled at $155.05. In addition, Applovin Corp saw 299.62% 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 14.3. 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 summary, Applovin Corp (APP) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
