Applovin Corp (APP) concluded trading on Wednesday at a closing price of $97.57, with 7.85 million shares of worth about $765.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 59.66% during that period and on September 11, 2024 the price saw a gain of about 13.15%. Currently the company’s common shares owned by public are about 268.77M shares, out of which, 188.02M shares are available for trading.
Stock saw a price change of 11.03% in past 5 days and over the past one month there was a price change of 30.51%. Year-to-date (YTD), APP shares are showing a performance of 144.84% which increased to 130.12% 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 $93.70 during that period. The average intraday trading volume for Applovin Corp shares is 3.65 million. The stock is currently trading 11.33% above its 20-day simple moving average (SMA20), while that difference is up 17.90% for SMA50 and it goes to 46.99% higher than SMA200.
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Applovin Corp (NASDAQ: APP) currently have 268.77M outstanding shares and institutions hold larger chunk of about 53.54% of that.
The stock has a current market capitalization of $32.61B and its 3Y-monthly beta is at 1.89. PE ratio of stock for trailing 12 months is 41.34, while it has posted earnings per share of $2.36 in the same period. Its PEG reads 2.07 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 6.18% while standing at 4.81% over the month.
Stock’s fiscal year EPS is expected to rise by 243.40% while it is estimated to increase by 28.40% 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.
