Applovin Corp (APP) concluded trading on Thursday at a closing price of $68.86, with 3.7 million shares of worth about $254.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 73.71% during that period and on April 18, 2024 the price saw a loss of about -2.88%. Currently the company’s common shares owned by public are about 268.77M shares, out of which, 162.41M shares are available for trading.
Stock saw a price change of -11.99% in past 5 days and over the past one month there was a price change of 1.80%. Year-to-date (YTD), APP shares are showing a performance of 72.80% which increased to 314.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.41 but also hit the highest price of $79.55 during that period. The average intraday trading volume for Applovin Corp shares is 4.49 million. The stock is currently trading -5.29% below its 20-day simple moving average (SMA20), while that difference is up 8.11% for SMA50 and it goes to 54.87% higher than SMA200.
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Applovin Corp (NASDAQ: APP) currently have 268.77M outstanding shares and institutions hold larger chunk of about 39.59% of that.
The stock has a current market capitalization of $23.55B and its 3Y-monthly beta is at 1.84. PE ratio of stock for trailing 12 months is 68.70, while it has posted earnings per share of $1.00 in the same period. Its PEG reads 3.44 and has Quick Ratio of 1.71 while making debt-to-equity ratio of 2.66. 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 4.66% while standing at 4.68% over the month.
Stock’s fiscal year EPS is expected to rise by 156.65% while it is estimated to increase by 24.56% in next year. EPS is likely to shrink at an annualized rate of 20.00% for next 5-years, compared to annual growth of 46.35% made by the stock over the past 5-years.
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 Daiwa Securities on April 15, 2024 offering a Neutral rating for the stock and assigned a target price of $80 to it. Coverage by HSBC Securities stated Applovin Corp (APP) stock as a Buy in their note to investors on December 18, 2023, suggesting a price target of $53.20 for the stock. On August 22, 2023, Jefferies Upgrade their recommendations, while on July 24, 2023, BTIG Research Upgrade their ratings for the stock with a price target of $34. Stock get a Buy rating from BofA Securities on May 17, 2023.
