Currently, there are 268.77M common shares owned by the public and among those 169.81M shares have been available to trade.
The company’s stock has a 5-day price change of -7.79% and -10.21% over the past three months. APP shares are trading 73.15% year to date (YTD), with the 12-month market performance up to 120.03% higher. It has a 12-month low price of $28.99 and touched a high of $91.91 over the same period. APP has an average intraday trading volume of 4.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.34%, -14.48%, and 13.78% respectively.
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Institutional ownership of Applovin Corp (NASDAQ: APP) shares accounts for 47.79% of the company’s 268.77M shares outstanding.
It has a market capitalization of $22.70B and a beta (3y monthly) value of 1.87. The stock’s trailing 12-month PE ratio is 40.88, while the earnings-per-share (ttm) stands at $1.69. The company has a PEG of 2.04 and a Quick Ratio of 2.11 with the debt-to-equity ratio at 4.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.93% over the week and 4.90% over the month.
Earnings per share for the fiscal year are expected to increase by 205.69%, and 26.97% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 46.35% over the past 5-year period.
Looking at the support for the APP, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on May 02, 2024, with the firm’s price target at $70-$93. Daiwa Securities coverage for the Applovin Corp (APP) stock in a research note released on April 15, 2024 offered a Neutral rating with a price target of $80. HSBC Securities was of a view on December 18, 2023 that the stock is Buy, while Jefferies gave the stock Buy rating on August 22, 2023, issuing a price target of $20- $50. BTIG Research on their part issued Buy rating on July 24, 2023.
