Analyzing Applovin Corp (APP)’s financial ratios for investment purposes

As of close of business last night, Applovin Corp’s stock clocked out at $46.35, down -0.43% from its previous closing price of $46.55. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 2741664 shares were traded. APP stock price reached its highest trading level at $47.16 during the session, while it also had its lowest trading level at $45.28.

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Ratios:

To gain a deeper understanding of APP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 46.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.75. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 1.61. In the meantime, Its Debt-to-Equity ratio is 2.91 whereas as Long-Term Debt/Eq ratio is at 2.70.

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.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 14 when Shikin Vasily sold 6,076 shares for $39.24 per share. The transaction valued at 238,422 led to the insider holds 0 shares of the business.

Shikin Vasily sold 383,539 shares of APP for $14,228,546 on Dec 13. The Chief Technology Officer now owns 6,076 shares after completing the transaction at $37.10 per share. On Dec 12, another insider, Vivas Eduardo, who serves as the Director of the company, sold 103,561 shares for $36.10 each. As a result, the insider received 3,738,552 and left with 8,352,892 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 15.63B and an Enterprise Value of 18.49B. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 157.44, and their Forward P/E ratio for the next fiscal year is 28.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.13 while its Price-to-Book (P/B) ratio in mrq is 14.20. Its current Enterprise Value per Revenue stands at 6.10 whereas that against EBITDA is 21.35.

Stock Price History:

Over the past 52 weeks, APP has reached a high of $48.77, while it has fallen to a 52-week low of $11.69. The 50-Day Moving Average of the stock is 41.07, while the 200-Day Moving Average is calculated to be 34.59.

Shares Statistics:

It appears that APP traded 0.86 shares on average per day over the past three months and 3.79M shares per day over the past ten days. A total of 302.71M shares are outstanding, with a floating share count of 135.40M. Insiders hold about 59.68% of the company’s shares, while institutions hold 39.28% stake in the company. Shares short for APP as of Jan 31, 2024 were 15.83M with a Short Ratio of 5.30, compared to 13.98M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.71% and a Short% of Float of 11.69%.

Earnings Estimates

As of right now, 13 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.35 for the current quarter, with a high estimate of $0.42 and a low estimate of $0.28, while EPS last year was -$0.21. The consensus estimate for the next quarter is $0.34, with high estimates of $0.44 and low estimates of $0.16.

Analysts are recommending an EPS of between $1.07 and $0.78 for the fiscal current year, implying an average EPS of $0.87. EPS for the following year is $1.63, with 14 analysts recommending between $2.25 and $1.15.

Revenue Estimates

In the current quarter, 14 analysts expect revenue to total $928.17M. It ranges from a high estimate of $944.6M to a low estimate of $915M. As of the current estimate, Applovin Corp’s year-ago sales were $702.31M, an estimated increase of 32.20% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $923.83M, an increase of 29.10% less than the figure of $32.20% in the same quarter last year. There is a high estimate of $959.1M for the next quarter, whereas the lowest estimate is $851.08M.

A total of 17 analysts have provided revenue estimates for APP’s current fiscal year. The highest revenue estimate was $3.27B, while the lowest revenue estimate was $3.25B, resulting in an average revenue estimate of $3.26B. In the same quarter a year ago, actual revenue was $2.82B, up 15.60% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $3.83B in the next fiscal year. The high estimate is $4.19B and the low estimate is $3.33B. The average revenue growth estimate for next year is up 17.70% from the average revenue estimate for this year.

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