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As of close of business last night, Applovin Corp’s stock clocked out at $340.59, up 1.14% from its previous closing price of $336.75. In other words, the price has increased by $1.14 from its previous closing price. On the day, 3.8 million shares were traded. APP stock price reached its highest trading level at $347.6 during the session, while it also had its lowest trading level at $336.0.
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 206.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 67.26. For the most recent quarter (mrq), Quick Ratio is recorded 2.41 and its Current Ratio is at 2.41. In the meantime, Its Debt-to-Equity ratio is 3.74 whereas as Long-Term Debt/Eq ratio is at 3.70.
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, Piper Sandler on November 20, 2024, initiated with a Overweight rating and assigned the stock a target price of $400.
On November 08, 2024, Daiwa Securities Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $80 to $280.
On October 29, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $200.Wells Fargo initiated its Overweight rating on October 29, 2024, with a $200 target price.
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 Nov 27 ’24 when Harvey Dawson Alyssa sold 3,000 shares for $325.76 per share. The transaction valued at 977,282 led to the insider holds 7,359 shares of the business.
Vivas Eduardo sold 30,330 shares of APP for $10,029,070 on Nov 26 ’24. The Director now owns 90,576 shares after completing the transaction at $330.67 per share. On Nov 29 ’24, another insider, Georgiadis Mary Margaret Hasti, who serves as the Director of the company, bought 30,500 shares for $328.56 each.
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 114299281408 and an Enterprise Value of 117241634816. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 103.05, and their Forward P/E ratio for the next fiscal year is 58.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 27.31 while its Price-to-Book (P/B) ratio in mrq is 121.79. Its current Enterprise Value per Revenue stands at 27.331 whereas that against EBITDA is 59.333.
Stock Price History:
Over the past 52 weeks, APP has reached a high of $344.77, while it has fallen to a 52-week low of $35.79. The 50-Day Moving Average of the stock is 68.50%, while the 200-Day Moving Average is calculated to be 211.00%.
Shares Statistics:
It appears that APP traded 5.48M shares on average per day over the past three months and 7788390 shares per day over the past ten days. A total of 298.56M shares are outstanding, with a floating share count of 207.22M. Insiders hold about 38.26% of the company’s shares, while institutions hold 55.92% stake in the company. Shares short for APP as of 1731628800 were 16672056 with a Short Ratio of 3.04, compared to 1728950400 on 21883187. Therefore, it implies a Short% of Shares Outstanding of 16672056 and a Short% of Float of 5.79.
