Applovin Corp (APP) concluded trading on Thursday at a closing price of $341.78, with 4.88 million shares of worth about $1.67 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 293.03% during that period and on Thursday the price saw a gain of about 5.54%. Currently the company’s common shares owned by public are about 298.56M shares, out of which, 207.21M shares are available for trading.
Stock saw a price change of -0.01% in past 5 days and over the past one month there was a price change of 0.35%. Year-to-date (YTD), APP shares are showing a performance of 5.54% which increased to 781.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $37.40 but also hit the highest price of $417.64 during that period. The average intraday trading volume for Applovin Corp shares is 5.64 million. The stock is currently trading 0.07% above its 20-day simple moving average (SMA20), while that difference is up 18.71% for SMA50 and it goes to 145.69% higher than SMA200.
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Applovin Corp (NASDAQ: APP) currently have 298.56M outstanding shares and institutions hold larger chunk of about 55.98% of that.
The stock has a current market capitalization of $114.70B and its 3Y-monthly beta is at 2.29. PE ratio of stock for trailing 12 months is 103.41, while it has posted earnings per share of $3.31 in the same period. Its PEG reads 4.14 and has Quick Ratio of 2.41 while making debt-to-equity ratio of 3.74. 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 5.57% while standing at 7.41% over the month.
Stock’s fiscal year EPS is expected to rise by 313.01% while it is estimated to increase by 46.71% in next year. EPS is likely to shrink at an annualized rate of 25.00% 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 Piper Sandler on November 20, 2024 offering an Overweight rating for the stock and assigned a target price of $400 to it. Coverage by Daiwa Securities stated Applovin Corp (APP) stock as an Outperform in their note to investors on November 08, 2024, suggesting a price target of $280 for the stock. On October 29, 2024, Wells Fargo Initiated their recommendations, while on October 22, 2024, Loop Capital Initiated their ratings for the stock with a price target of $181. Stock get a Neutral rating from Goldman on October 14, 2024.
