Currently, there are 309.35M common shares owned by the public and among those 208.91M shares have been available to trade.
The company’s stock has a 5-day price change of -19.54% and 27.79% over the past three months. APP shares are trading 26.75% year to date (YTD), with the 12-month market performance up to 640.62% higher. It has a 12-month low price of $56.45 and touched a high of $525.15 over the same period. APP has an average intraday trading volume of 5.53 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 1.81%, 13.06%, and 114.93% respectively.
Institutional ownership of Applovin Corp (NASDAQ: APP) shares accounts for 60.77% of the company’s 309.35M shares outstanding.
It has a market capitalization of $139.57B and a beta (3y monthly) value of 2.29. The stock’s trailing 12-month PE ratio is 90.40, while the earnings-per-share (ttm) stands at $4.54. The company has a PEG of 2.29 and a Quick Ratio of 2.41 with the debt-to-equity ratio at 3.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.29% over the week and 7.10% over the month.
Earnings per share for the fiscal year are expected to increase by 45.96%, and 49.03% over the next financial year. EPS should shrink at an annualized rate of 39.43% over the next five years, compared to 84.28% over the past 5-year period.
Looking at the support for the APP, a number of firms have released research notes about the stock. The Benchmark Company stated their Buy rating for the stock in a research note on January 10, 2025, with the firm’s price target at $375. Piper Sandler coverage for the Applovin Corp (APP) stock in a research note released on November 20, 2024 offered a Overweight rating with a price target of $400. Daiwa Securities was of a view on November 08, 2024 that the stock is Outperform, while Wells Fargo gave the stock Overweight rating on October 29, 2024, issuing a price target of $200. Loop Capital on their part issued Buy rating on October 22, 2024.
