Applovin Corp (APP) concluded trading on Wednesday at a closing price of $55.42, with 4.11 million shares of worth about $227.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.07% during that period and on Wednesday the price saw a loss of about -3.33%. Currently the company’s common shares owned by public are about 268.77M shares, out of which, 151.02M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 73 times over the past 12 months. They bought 16,094,921 shares in 22 of the transactions. In 51 selling transactions, insiders dumped 141,292,189 shares.
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Stock saw a price change of 20.93% in past 5 days and over the past one month there was a price change of 27.83%. Year-to-date (YTD), APP shares are showing a performance of 39.07% which increased to 269.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.69 but also hit the highest price of $60.65 during that period. The average intraday trading volume for Applovin Corp shares is 3.32 million. The stock is currently trading 17.79% above its 20-day simple moving average (SMA20), while that difference is up 29.31% for SMA50 and it goes to 55.39% higher than SMA200.
Applovin Corp (NASDAQ: APP) currently have 268.77M outstanding shares and institutions hold larger chunk of about 40.42% of that.
The stock has a current market capitalization of $18.61B and its 3Y-monthly beta is at 1.77. PE ratio of stock for trailing 12 months is 55.29, while it has posted earnings per share of $1.00 in the same period. It has Quick Ratio of 1.61 while making debt-to-equity ratio of 2.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APP, volatility over the week remained 6.90% while standing at 5.43% over the month.
Analysts are in expectations that Applovin Corp (APP) stock would likely to be making an EPS of $0.56 in the current quarter, while forecast for next quarter EPS is $0.61 and it is $3.05 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.41 which is $0.77 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 146.70% while it is estimated to increase by 26.18% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on December 18, 2023 offering a Buy rating for the stock and assigned a target price of $53.20 to it. Coverage by Jefferies stated Applovin Corp (APP) stock as a Buy in their note to investors on August 22, 2023, suggesting a price target of $50 for the stock. On July 24, 2023, BTIG Research Upgrade their recommendations, while on May 17, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $27. Stock get a Neutral rating from UBS on February 23, 2023.
