Currently, there are 268.77M common shares owned by the public and among those 205.00M shares have been available to trade.
The company’s stock has a 5-day price change of 0.37% and 239.21% over the past three months. APP shares are trading 630.46% year to date (YTD), with the 12-month market performance up to 619.63% higher. It has a 12-month low price of $35.79 and touched a high of $302.55 over the same period. APP has an average intraday trading volume of 4.68 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 41.82%, 82.92%, and 204.36% respectively.
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Institutional ownership of Applovin Corp (NASDAQ: APP) shares accounts for 55.74% of the company’s 268.77M shares outstanding.
It has a market capitalization of $99.95B and a beta (3y monthly) value of 2.06. The stock’s trailing 12-month PE ratio is 88.08, while the earnings-per-share (ttm) stands at $3.31. The company has a PEG of 3.26 and a Quick Ratio of 2.41 with the debt-to-equity ratio at 3.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.58% over the week and 5.78% over the month.
Earnings per share for the fiscal year are expected to increase by 307.78%, and 40.99% over the next financial year. EPS should shrink at an annualized rate of 27.00% 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. Daiwa Securities stated their Outperform rating for the stock in a research note on November 08, 2024, with the firm’s price target at $80-$280. Wells Fargo coverage for the Applovin Corp (APP) stock in a research note released on October 29, 2024 offered a Overweight rating with a price target of $200. Loop Capital was of a view on October 22, 2024 that the stock is Buy, while Goldman gave the stock Neutral rating on October 14, 2024, issuing a price target of $103- $150. UBS on their part issued Buy rating on September 17, 2024.
