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 9.33% and 89.54% over the past three months. APP shares are trading 298.62% year to date (YTD), with the 12-month market performance up to 312.17% higher. It has a 12-month low price of $34.45 and touched a high of $148.48 over the same period. APP has an average intraday trading volume of 4.13 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 14.16%, 40.19%, and 98.83% respectively.
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Institutional ownership of Applovin Corp (NASDAQ: APP) shares accounts for 51.56% of the company’s 268.77M shares outstanding.
It has a market capitalization of $53.10B and a beta (3y monthly) value of 1.92. The stock’s trailing 12-month PE ratio is 67.31, while the earnings-per-share (ttm) stands at $2.36. The company has a PEG of 1.92 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 4.12% over the week and 3.49% over the month.
Earnings per share for the fiscal year are expected to increase by 250.67%, and 33.50% over the next financial year. EPS should shrink at an annualized rate of 35.10% 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. Goldman stated their Neutral rating for the stock in a research note on October 14, 2024, with the firm’s price target at $103-$150. UBS coverage for the Applovin Corp (APP) stock in a research note released on September 17, 2024 offered a Buy rating with a price target of $145. Jefferies was of a view on May 02, 2024 that the stock is Buy, while Daiwa Securities gave the stock Neutral rating on April 15, 2024, issuing a price target of $80. HSBC Securities on their part issued Buy rating on December 18, 2023.
