The price of Appian Corp (NASDAQ: APPN) closed at $37.91 in the last session, up 3.64% from day before closing price of $36.58. In other words, the price has increased by $+1.33 from its previous closing price. On the day, 607437 shares were traded.
Ratios:
We take a closer look at APPN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 5.30 whereas as Long-Term Debt/Eq ratio is at 3.81.
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 the company, Citigroup on January 11, 2024, Upgraded its rating to Buy and sets its target price to $45 from $47 previously.
On November 07, 2023, DA Davidson Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $50 to $55.
On June 06, 2023, DA Davidson started tracking the stock assigning a Neutral rating and target price of $40.DA Davidson initiated its Neutral rating on June 06, 2023, with a $40 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 21 ’24 when Abdiel Capital Advisors, LP sold 400,000 shares for $32.44 per share. The transaction valued at 12,976,000 led to the insider holds 5,890,304 shares of the business.
Abdiel Capital Advisors, LP sold 248,000 shares of APPN for $8,283,680 on Jan 04 ’24. The 10% Owner now owns 6,290,304 shares after completing the transaction at $33.40 per share. On Jan 03 ’24, another insider, Abdiel Capital Advisors, LP, who serves as the 10% Owner of the company, sold 29,126 shares for $33.57 each. As a result, the insider received 977,710 and left with 6,538,304 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, APPN now has a Market Capitalization of 2.78B and an Enterprise Value of 2.90B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.10 while its Price-to-Book (P/B) ratio in mrq is 53.14. Its current Enterprise Value per Revenue stands at 5.32 whereas that against EBITDA is -35.86.
Stock Price History:
Over the past 52 weeks, APPN has reached a high of $54.26, while it has fallen to a 52-week low of $30.87. The 50-Day Moving Average of the stock is 34.24, while the 200-Day Moving Average is calculated to be 41.45.
Shares Statistics:
According to the various share statistics, APPN traded on average about 472.81K shares per day over the past 3-months and 626.69k shares per day over the past 10 days. A total of 42.17M shares are outstanding, with a floating share count of 41.04M. Insiders hold about 44.09% of the company’s shares, while institutions hold 43.72% stake in the company. Shares short for APPN as of Feb 29, 2024 were 2.02M with a Short Ratio of 4.27, compared to 1.74M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.75% and a Short% of Float of 6.46%.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.2, while EPS last year was -$0.27. The consensus estimate for the next quarter is -$0.29, with high estimates of -$0.24 and low estimates of -$0.32.
Analysts are recommending an EPS of between -$0.65 and -$0.71 for the fiscal current year, implying an average EPS of -$0.69. EPS for the following year is -$0.14, with 8 analysts recommending between $0.02 and -$0.42.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $149.45M. It ranges from a high estimate of $150.29M to a low estimate of $148.63M. As of the current estimate, Appian Corp’s year-ago sales were $135.24M, an estimated increase of 10.50% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $145M, an increase of 16.70% over than the figure of $10.50% in the same quarter last year. There is a high estimate of $147.73M for the next quarter, whereas the lowest estimate is $143.17M.
A total of 10 analysts have provided revenue estimates for APPN’s current fiscal year. The highest revenue estimate was $617.13M, while the lowest revenue estimate was $613.16M, resulting in an average revenue estimate of $615.64M. In the same quarter a year ago, actual revenue was $545.36M, up 12.90% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $704.39M in the next fiscal year. The high estimate is $718.16M and the low estimate is $688.6M. The average revenue growth estimate for next year is up 14.40% from the average revenue estimate for this year.
