After finishing at $75.57 in the prior trading day, Applovin Corp (NASDAQ: APP) closed at $71.43, down -5.48%. On the day, 4103242 shares were traded.
Ratios:
Our goal is to gain a better understanding of APP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 48.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.11. 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, Daiwa Securities on April 15, 2024, initiated with a Neutral rating and assigned the stock a target price of $80.
On December 18, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $53.20.
Jefferies Upgraded its Hold to Buy on August 22, 2023, whereas the target price for the stock was revised from $20 to $50.
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:
As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 71.27, and their Forward P/E ratio for the next fiscal year is 22.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.44 while its Price-to-Book (P/B) ratio in mrq is 19.32.
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 $15.41.
Shares Statistics:
A total of 268.77M shares are outstanding, with a floating share count of 162.41M. Insiders hold about 52.51% of the company’s shares, while institutions hold 39.54% stake in the company.
Earnings Estimates
Its stock is currently analyzed by Apple Inc. different market analysts. The consensus estimate for the next quarter is $31.77, with high estimates of $205.68 and low estimates of $20.89.
