Currently, there are 309.35M common shares owned by the public and among those 212.58M shares have been available to trade.
The company’s stock has a 5-day price change of -13.26% and -20.32% over the past three months. APP shares are trading -15.89% year to date (YTD), with the 12-month market performance up to 283.15% higher. It has a 12-month low price of $60.67 and touched a high of $525.15 over the same period. APP has an average intraday trading volume of 7.75 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 -7.62%, -21.80%, and 25.32% respectively.
Institutional ownership of Applovin Corp (NASDAQ: APP) shares accounts for 60.90% of the company’s 309.35M shares outstanding.
It has a market capitalization of $92.60B and a beta (3y monthly) value of 2.40. The stock’s trailing 12-month PE ratio is 59.99, while the earnings-per-share (ttm) stands at $4.54. The company has a PEG of 1.54 and a Quick Ratio of 2.19 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 11.23% over the week and 9.61% over the month.
Earnings per share for the fiscal year are expected to increase by 46.83%, and 48.36% over the next financial year. EPS should shrink at an annualized rate of 38.97% 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. FBN Securities stated their Outperform rating for the stock in a research note on March 28, 2025, with the firm’s price target at $385. The Benchmark Company coverage for the Applovin Corp (APP) stock in a research note released on January 10, 2025 offered a Buy rating with a price target of $375. Piper Sandler was of a view on November 20, 2024 that the stock is Overweight, while Daiwa Securities gave the stock Outperform rating on November 08, 2024, issuing a price target of $80- $280. Wells Fargo on their part issued Overweight rating on October 29, 2024.
