Applovin Corp (NASDAQ: APP) closed the day trading at $76.34 down -0.24% from the previous closing price of $76.52. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 2886398 shares were traded.
Ratios:
For a better understanding of APP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 51.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.69. For the most recent quarter (mrq), Quick Ratio is recorded 1.71 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 2.66 whereas as Long-Term Debt/Eq ratio is at 2.46.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, HSBC Securities on December 18, 2023, initiated with a Buy rating and assigned the stock a target price of $53.20.
On August 22, 2023, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $20 to $50.
BTIG Research Upgraded its Neutral to Buy on July 24, 2023, while the target price for the stock was maintained at $34.
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 Apr 04 ’24 when Valenzuela Victoria sold 50,000 shares for $75.01 per share. The transaction valued at 3,750,500 led to the insider holds 471,560 shares of the business.
Chen Herald Y sold 150,000 shares of APP for $9,456,604 on Mar 14 ’24. The President & CFO now owns 62,418 shares after completing the transaction at $63.04 per share. On Mar 14 ’24, another insider, Stumpf Matthew, who serves as the Chief Financial Officer (CFO) of the company, sold 2,775 shares for $63.30 each. As a result, the insider received 175,658 and left with 362,264 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 25.37B and an Enterprise Value of 28.04B. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 76.16, and their Forward P/E ratio for the next fiscal year is 24.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.95 while its Price-to-Book (P/B) ratio in mrq is 20.65. Its current Enterprise Value per Revenue stands at 8.54 whereas that against EBITDA is 24.49.
Stock Price History:
Over the past 52 weeks, APP has reached a high of $79.55, while it has fallen to a 52-week low of $15.26. The 50-Day Moving Average of the stock is 60.05, while the 200-Day Moving Average is calculated to be 42.99.
Shares Statistics:
Over the past 3-months, APP traded about 4.47M shares per day on average, while over the past 10 days, APP traded about 4.11M shares per day. A total of 268.77M shares are outstanding, with a floating share count of 161.50M. Insiders hold about 52.78% of the company’s shares, while institutions hold 39.68% stake in the company. Shares short for APP as of Mar 15, 2024 were 22.12M with a Short Ratio of 5.51, compared to 17.07M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.67% and a Short% of Float of 15.08%.
Earnings Estimates
Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of $0.57 for the current quarter, with a high estimate of $0.77 and a low estimate of $0.41, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.61, with high estimates of $0.76 and low estimates of $0.5.
Analysts are recommending an EPS of between $3.22 and $1.98 for the fiscal current year, implying an average EPS of $2.53. EPS for the following year is $3.13, with 14 analysts recommending between $3.97 and $2.07.
Revenue Estimates
15 analysts predict $972.48M in revenue for the current quarter. It ranges from a high estimate of $991.1M to a low estimate of $961.92M. As of the current estimate, Applovin Corp’s year-ago sales were $715.4M, an estimated increase of 35.90% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $1B, an increase of 33.70% less than the figure of $35.90% in the same quarter last year. There is a high estimate of $1.05B for the next quarter, whereas the lowest estimate is $979M.
A total of 18 analysts have provided revenue estimates for APP’s current fiscal year. The highest revenue estimate was $4.27B, while the lowest revenue estimate was $3.93B, resulting in an average revenue estimate of $4.08B. In the same quarter a year ago, actual revenue was $3.28B, up 24.40% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $4.48B in the next fiscal year. The high estimate is $4.88B and the low estimate is $4.13B. The average revenue growth estimate for next year is up 9.80% from the average revenue estimate for this year.
