After finishing at $62.62 in the prior trading day, Applovin Corp (NASDAQ: APP) closed at $63.19, up 0.91%. In other words, the price has increased by $+0.57 from its previous closing price. On the day, 3908096 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 43.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.44. 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 Feb 22 ’24 when Valenzuela Victoria sold 2,890 shares for $57.76 per share. The transaction valued at 166,926 led to the insider holds 546,560 shares of the business.
Billings Craig Scott sold 5,550 shares of APP for $323,732 on Feb 20 ’24. The Director now owns 0 shares after completing the transaction at $58.33 per share. On Feb 20 ’24, another insider, Harvey Dawson Alyssa, who serves as the Director of the company, sold 928 shares for $59.13 each. As a result, the insider received 54,873 and left with 12,739 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 20.95B and an Enterprise Value of 23.62B. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 63.04, and their Forward P/E ratio for the next fiscal year is 20.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.58 while its Price-to-Book (P/B) ratio in mrq is 17.10. Its current Enterprise Value per Revenue stands at 7.20 whereas that against EBITDA is 20.63.
Stock Price History:
Over the past 52 weeks, APP has reached a high of $63.84, while it has fallen to a 52-week low of $11.69. The 50-Day Moving Average of the stock is 47.29, while the 200-Day Moving Average is calculated to be 37.82.
Shares Statistics:
The stock has traded on average 3.82M shares per day over the past 3-months and 5.37M shares per day over the last 10 days, according to various share statistics. A total of 268.77M shares are outstanding, with a floating share count of 155.35M. Insiders hold about 54.58% of the company’s shares, while institutions hold 39.71% stake in the company. Shares short for APP as of Feb 15, 2024 were 17.07M with a Short Ratio of 4.47, compared to 14.59M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.02% and a Short% of Float of 12.23%.
Earnings Estimates
Its stock is currently analyzed by 11 different market analysts. On average, analysts expect EPS of $0.56 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 $0.6, 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 $2.46. EPS for the following year is $3.03, with 12 analysts recommending between $3.97 and $2.07.
Revenue Estimates
14 analysts predict $969.76M in revenue for the current quarter. It ranges from a high estimate of $980M 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 35.60% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $997.35M, an increase of 33.00% less than the figure of $35.60% in the same quarter last year. There is a high estimate of $1.02B for the next quarter, whereas the lowest estimate is $979M.
A total of 16 analysts have provided revenue estimates for APP’s current fiscal year. The highest revenue estimate was $4.25B, while the lowest revenue estimate was $3.93B, resulting in an average revenue estimate of $4.05B. In the same quarter a year ago, actual revenue was $3.28B, up 23.40% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $4.45B 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 9.90% from the average revenue estimate for this year.
