Applovin Corp (APP) concluded trading on Wednesday at a closing price of $390.26, with 6.72 million shares of worth about $2.62 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.63% during that period and on Wednesday the price saw a gain of about 2.45%. Currently the company’s common shares owned by public are about 307.67M shares, out of which, 211.69M shares are available for trading.
Stock saw a price change of 7.49% in past 5 days and over the past one month there was a price change of 36.94%. Year-to-date (YTD), APP shares are showing a performance of 20.51% which increased to 392.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.67 but also hit the highest price of $525.15 during that period. The average intraday trading volume for Applovin Corp shares is 8.97 million. The stock is currently trading 14.33% above its 20-day simple moving average (SMA20), while that difference is up 30.67% for SMA50 and it goes to 48.96% higher than SMA200.
Applovin Corp (NASDAQ: APP) currently have 307.67M outstanding shares and institutions hold larger chunk of about 61.86% of that.
The stock has a current market capitalization of $132.06B and its 3Y-monthly beta is at 2.51. PE ratio of stock for trailing 12 months is 70.47, while it has posted earnings per share of $5.54 in the same period. Its PEG reads 1.51 and has Quick Ratio of 1.68 while making debt-to-equity ratio of 6.45. 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 3.85% while standing at 4.63% over the month.
Analysts are in expectations that Applovin Corp (APP) stock would likely to be making an EPS of 2.38 in the current quarter, while forecast for next quarter EPS is 2.51 and it is 10.57 for next year. For the current quarter EPS, analysts have given the company a lowest target 2.21 which is 2.55 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 1.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 80.10% while it is estimated to increase by 43.29% in next year. EPS is likely to shrink at an annualized rate of 46.68% for next 5-years, compared to annual growth of 84.28% 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 Morgan Stanley on April 10, 2025 offering an Overweight rating for the stock and assigned a target price of $350 to it. Coverage by FBN Securities stated Applovin Corp (APP) stock as an Outperform in their note to investors on March 28, 2025, suggesting a price target of $385 for the stock. On January 10, 2025, The Benchmark Company Initiated their recommendations, while on November 20, 2024, Piper Sandler Initiated their ratings for the stock with a price target of $400. Stock get an Outperform rating from Daiwa Securities on November 08, 2024.
