Applovin Corp (APP) concluded trading on Wednesday at a closing price of $335.03, with 3.82 million shares of worth about $1.28 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 287.18% during that period and on January 15, 2025 the price saw a gain of about 4.34%. 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 1.52% in past 5 days and over the past one month there was a price change of 2.70%. Year-to-date (YTD), APP shares are showing a performance of 3.46% which increased to 703.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $39.43 but also hit the highest price of $417.64 during that period. The average intraday trading volume for Applovin Corp shares is 5.80 million. The stock is currently trading 0.32% above its 20-day simple moving average (SMA20), while that difference is up 6.48% for SMA50 and it goes to 123.99% higher than SMA200.
Applovin Corp (NASDAQ: APP) currently have 298.56M outstanding shares and institutions hold larger chunk of about 55.99% of that.
The stock has a current market capitalization of $112.43B and its 3Y-monthly beta is at 2.30. PE ratio of stock for trailing 12 months is 101.37, while it has posted earnings per share of $3.31 in the same period. Its PEG reads 3.38 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 4.57% while standing at 5.98% over the month.
Analysts are in expectations that Applovin Corp (APP) stock would likely to be making an EPS of 1.53 in the current quarter, while forecast for next quarter EPS is 0 and it is 7.03 for next year. For the current quarter EPS, analysts have given the company a lowest target 1.26 which is 1.79 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.74 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 313.89% while it is estimated to increase by 48.80% in next year. EPS is likely to shrink at an annualized rate of 30.00% 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 The Benchmark Company on January 10, 2025 offering a Buy rating for the stock and assigned a target price of $375 to it. Coverage by Piper Sandler stated Applovin Corp (APP) stock as an Overweight in their note to investors on November 20, 2024, suggesting a price target of $400 for the stock. On November 08, 2024, Daiwa Securities Upgrade their recommendations, while on October 29, 2024, Wells Fargo Initiated their ratings for the stock with a price target of $200. Stock get a Buy rating from Loop Capital on October 22, 2024.
