Applovin Corp (APP) concluded trading on Wednesday at a closing price of $88.00, with 3.21 million shares of worth about $282.8 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 51.70% during that period and on August 28, 2024 the price saw a loss of about -2.55%. Currently the company’s common shares owned by public are about 268.77M shares, out of which, 187.93M shares are available for trading.
Stock saw a price change of -3.18% in past 5 days and over the past one month there was a price change of 17.60%. Year-to-date (YTD), APP shares are showing a performance of 120.83% which increased to 116.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.45 but also hit the highest price of $92.50 during that period. The average intraday trading volume for Applovin Corp shares is 3.78 million. The stock is currently trading 9.17% above its 20-day simple moving average (SMA20), while that difference is up 8.24% for SMA50 and it goes to 37.01% higher than SMA200.
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Applovin Corp (NASDAQ: APP) currently have 268.77M outstanding shares and institutions hold larger chunk of about 53.53% of that.
The stock has a current market capitalization of $29.41B and its 3Y-monthly beta is at 1.87. PE ratio of stock for trailing 12 months is 37.29, while it has posted earnings per share of $2.36 in the same period. Its PEG reads 1.86 and has Quick Ratio of 2.28 while making debt-to-equity ratio of 4.32. 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 3.51% while standing at 5.83% over the month.
Stock’s fiscal year EPS is expected to rise by 241.20% while it is estimated to increase by 26.92% 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 Jefferies on May 02, 2024 offering a Buy rating for the stock and assigned a target price range of between $70 and $93 to it. Coverage by Daiwa Securities stated Applovin Corp (APP) stock as a Neutral in their note to investors on April 15, 2024, suggesting a price target of $80 for the stock. On December 18, 2023, HSBC Securities Initiated their recommendations, while on August 22, 2023, Jefferies Upgrade their ratings for the stock with a price target of $50. Stock get a Buy rating from BTIG Research on July 24, 2023.
