Applovin Corp (APP) concluded trading on Thursday at a closing price of $135.25, with 3.15 million shares of worth about $425.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 85.83% during that period and on October 03, 2024 the price saw a gain of about 2.96%. Currently the company’s common shares owned by public are about 268.77M shares, out of which, 196.80M shares are available for trading.
Stock saw a price change of 5.56% in past 5 days and over the past one month there was a price change of 53.90%. Year-to-date (YTD), APP shares are showing a performance of 239.40% which increased to 245.64% 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 $133.05 during that period. The average intraday trading volume for Applovin Corp shares is 4.01 million. The stock is currently trading 17.17% above its 20-day simple moving average (SMA20), while that difference is up 42.27% for SMA50 and it goes to 84.86% higher than SMA200.
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Applovin Corp (NASDAQ: APP) currently have 268.77M outstanding shares and institutions hold larger chunk of about 53.61% of that.
The stock has a current market capitalization of $45.21B and its 3Y-monthly beta is at 1.92. PE ratio of stock for trailing 12 months is 57.31, while it has posted earnings per share of $2.36 in the same period. Its PEG reads 2.87 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 2.93% while standing at 4.72% over the month.
Stock’s fiscal year EPS is expected to rise by 250.29% while it is estimated to increase by 32.26% 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 UBS on September 17, 2024 offering a Buy rating for the stock and assigned a target price range of between $100 and $145 to it. Coverage by Jefferies stated Applovin Corp (APP) stock as a Buy in their note to investors on May 02, 2024, suggesting a price target of $93 for the stock. On April 15, 2024, Daiwa Securities Initiated their recommendations, while on December 18, 2023, HSBC Securities Initiated their ratings for the stock with a price target of $53.20. Stock get a Buy rating from Jefferies on August 22, 2023.
