Applovin Corp (NASDAQ: APP) has a price-to-earnings ratio that is above its average at 88.08x. The stock has a 36-month beta value of 2.06. Opinions on the stock are mixed, with 17 analysts rating it as a “buy,” 9 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for APP is 205.00M, and at present, short sellers hold a 9.16% of that float. On November 18, 2024, the average trading volume of APP was 4.68M shares.
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APP) stock’s latest price update
The stock of Applovin Corp (NASDAQ: APP) has increased by 2.32 when compared to last closing price of 284.49. Despite this, the company has experienced a 0.37% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-15 that When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important?
APP’s Market Performance
Applovin Corp (APP) has seen a 0.37% rise in stock performance for the week, with a 103.56% gain in the past month and a 239.21% surge in the past quarter. The volatility ratio for the week is 6.58%, and the volatility levels for the past 30 days are at 5.78% for APP. The simple moving average for the last 20 days is 41.82% for APP stock, with a simple moving average of 204.36% for the last 200 days.
Analysts’ Opinion of APP
Many brokerage firms have already submitted their reports for APP stocks, with Daiwa Securities repeating the rating for APP by listing it as a “Outperform.” The predicted price for APP in the upcoming period, according to Daiwa Securities is $280 based on the research report published on November 08, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see APP reach a price target of $200. The rating they have provided for APP stocks is “Overweight” according to the report published on October 29th, 2024.
Loop Capital gave a rating of “Buy” to APP, setting the target price at $181 in the report published on October 22nd of the current year.
APP Trading at 82.92% 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 -3.79% of loss for the given period.
Volatility was left at 5.78%, however, over the last 30 days, the volatility rate increased by 6.58%, as shares surge +100.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +244.20% upper at present.
During the last 5 trading sessions, APP rose by +0.37%, which changed the moving average for the period of 200-days by +610.67% in comparison to the 20-day moving average, which settled at $205.26. In addition, Applovin Corp saw 630.46% 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 Jansen Katie Kihorany, who sale 59,876 shares at the price of $286.14 back on Nov 12 ’24. After this action, Jansen Katie Kihorany now owns 1,017,388 shares of Applovin Corp, valued at $17,132,855 using the latest closing price.
Jansen Katie Kihorany, the Chief Marketing Officer of Applovin Corp, sale 59,876 shares at $286.12 during a trade that took place back on Nov 13 ’24, which means that Jansen Katie Kihorany is holding 957,512 shares at $17,131,990 based on the most recent closing price.
Stock Fundamentals for APP
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.73 for the gross margin
The net margin for Applovin Corp stands at 0.27. The total capital return value is set at 0.33. Equity return is now at value 113.12, with 22.02 for asset returns.
Based on Applovin Corp (APP), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 3.74. The interest coverage ratio of the stock is 5.21.
Currently, EBITDA for the company is 1.14 billion with net debt to EBITDA at 1.48. When we switch over and look at the enterprise to sales, we see a ratio of 23.46. The receivables turnover for the company is 3.61for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.41.
Conclusion
To sum up, Applovin Corp (APP) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
