Applovin Corp (APP) concluded trading on Wednesday at a closing price of $168.55, with 5.87 million shares of worth about $989.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 127.77% during that period and on November 06, 2024 the price saw a gain of about 2.04%. Currently the company’s common shares owned by public are about 268.77M shares, out of which, 196.73M shares are available for trading.
Stock saw a price change of -1.81% in past 5 days and over the past one month there was a price change of 17.45%. Year-to-date (YTD), APP shares are showing a performance of 322.96% which increased to 327.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.79 but also hit the highest price of $174.46 during that period. The average intraday trading volume for Applovin Corp shares is 4.26 million. The stock is currently trading 7.09% above its 20-day simple moving average (SMA20), while that difference is up 27.56% for SMA50 and it goes to 93.08% 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 $56.34B and its 3Y-monthly beta is at 1.86. PE ratio of stock for trailing 12 months is 71.42, while it has posted earnings per share of $2.36 in the same period. Its PEG reads 2.98 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 4.38% while standing at 3.73% over the month.
Stock’s fiscal year EPS is expected to rise by 253.08% while it is estimated to increase by 35.45% in next year. EPS is likely to shrink at an annualized rate of 24.00% 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 Wells Fargo on October 29, 2024 offering an Overweight rating for the stock and assigned a target price of $200 to it. Coverage by Loop Capital stated Applovin Corp (APP) stock as a Buy in their note to investors on October 22, 2024, suggesting a price target of $181 for the stock. On October 14, 2024, Goldman Downgrade their recommendations, while on September 17, 2024, UBS Upgrade their ratings for the stock with a price target of $145. Stock get a Buy rating from Jefferies on May 02, 2024.
