Update from AppLovin Corporation (APP): A steady trajectory

After finishing at $24.43 in the prior trading day, AppLovin Corporation (NASDAQ: APP) closed at $24.05, down -1.56%. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 1905404 shares were traded. APP stock price reached its highest trading level at $25.02 during the session, while it also had its lowest trading level at $23.65.

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Our goal is to gain a better understanding of APP by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.30 and its Current Ratio is at 3.30. In the meantime, Its Debt-to-Equity ratio is 1.70 whereas as Long-Term Debt/Eq ratio is at 1.68.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 23 when Jansen Katie Kihorany sold 52,193 shares for $25.04 per share. The transaction valued at 1,307,148 led to the insider holds 1,449,373 shares of the business.

KKR Denali Holdings L.P. sold 15,952,381 shares of APP for $335,000,001 on May 17. The 10% Owner now owns 44,782,619 shares after completing the transaction at $21.00 per share. On May 17, another insider, KKR Group Partnership L.P., who serves as the 10% Owner of the company, sold 15,952,381 shares for $21.00 each. As a result, the insider received 335,000,001 and left with 44,782,619 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, APP now has a Market Capitalization of 7.99B and an Enterprise Value of 10.21B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.01 while its Price-to-Book (P/B) ratio in mrq is 4.72. Its current Enterprise Value per Revenue stands at 3.51 whereas that against EBITDA is 14.37.

Stock Price History:

Over the past 52 weeks, APP has reached a high of $44.76, while it has fallen to a 52-week low of $9.14. The 50-Day Moving Average of the stock is 17.55, while the 200-Day Moving Average is calculated to be 17.00.

Shares Statistics:

The stock has traded on average 2.77M shares per day over the past 3-months and 3.09M shares per day over the last 10 days, according to various share statistics. A total of 373.16M shares are outstanding, with a floating share count of 109.92M. Insiders hold about 4.30% of the company’s shares, while institutions hold 49.30% stake in the company. Shares short for APP as of May 14, 2023 were 15.06M with a Short Ratio of 15.06M, compared to 14.49M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.13% and a Short% of Float of 9.17%.

Earnings Estimates

Its stock is currently analyzed by 13 different market analysts. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.29 and a low estimate of $0.01, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.09, with high estimates of $0.26 and low estimates of $0.02.

Analysts are recommending an EPS of between $0.8 and $0.05 for the fiscal current year, implying an average EPS of $0.29. EPS for the following year is $0.61, with 13 analysts recommending between $1.56 and $0.11.

Revenue Estimates

17 analysts predict $721.52M in revenue for the current quarter. It ranges from a high estimate of $756M to a low estimate of $701.4M. As of the current estimate, AppLovin Corporation’s year-ago sales were $776.23M, an estimated decrease of -7.00% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $736.77M, an increase of 3.30% over than the figure of -$7.00% in the same quarter last year. There is a high estimate of $795.11M for the next quarter, whereas the lowest estimate is $705M.

A total of 19 analysts have provided revenue estimates for APP’s current fiscal year. The highest revenue estimate was $3.1B, while the lowest revenue estimate was $2.84B, resulting in an average revenue estimate of $2.94B. In the same quarter a year ago, actual revenue was $2.82B, up 4.20% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $3.25B in the next fiscal year. The high estimate is $3.52B and the low estimate is $3.02B. The average revenue growth estimate for next year is up 10.70% from the average revenue estimate for this year.