Currently, there are 268.77M common shares owned by the public and among those 196.80M shares have been available to trade.
The company’s stock has a 5-day price change of 4.40% and 58.95% over the past three months. APP shares are trading 223.91% year to date (YTD), with the 12-month market performance up to 241.84% higher. It has a 12-month low price of $34.45 and touched a high of $128.19 over the same period. APP has an average intraday trading volume of 4.10 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 27.24%, 45.71%, and 84.60% respectively.
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Institutional ownership of Applovin Corp (NASDAQ: APP) shares accounts for 53.59% of the company’s 268.77M shares outstanding.
It has a market capitalization of $43.14B and a beta (3y monthly) value of 1.89. The stock’s trailing 12-month PE ratio is 54.69, while the earnings-per-share (ttm) stands at $2.36. The company has a PEG of 2.73 and a Quick Ratio of 2.28 with the debt-to-equity ratio at 4.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.47% over the week and 5.06% over the month.
Earnings per share for the fiscal year are expected to increase by 250.50%, and 32.44% 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. UBS stated their Buy rating for the stock in a research note on September 17, 2024, with the firm’s price target at $100-$145. Jefferies coverage for the Applovin Corp (APP) stock in a research note released on May 02, 2024 offered a Buy rating with a price target of $93. Daiwa Securities was of a view on April 15, 2024 that the stock is Neutral, while HSBC Securities gave the stock Buy rating on December 18, 2023, issuing a price target of $53.20. Jefferies on their part issued Buy rating on August 22, 2023.
