The closing price of Applovin Corp (NASDAQ: APP) was $68.86 for the day, down -3.14% from the previous closing price of $71.09. In other words, the price has decreased by -$2.23 from its previous closing price. On the day, 4049418 shares were traded.
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Ratios:
Our analysis of APP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 46.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.27. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 14 ’24 when Chen Herald Y sold 150,000 shares for $63.04 per share. The transaction valued at 9,456,604 led to the insider holds 62,418 shares of the business.
Stumpf Matthew sold 2,775 shares of APP for $175,658 on Mar 14 ’24. The Chief Financial Officer (CFO) now owns 362,264 shares after completing the transaction at $63.30 per share. On Mar 11 ’24, another insider, Vivas Eduardo, who serves as the Director of the company, sold 1,268 shares for $60.95 each. As a result, the insider received 77,281 and left with 8,351,954 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 22.83B and an Enterprise Value of 25.51B. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 68.70, and their Forward P/E ratio for the next fiscal year is 22.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.17 while its Price-to-Book (P/B) ratio in mrq is 18.63. Its current Enterprise Value per Revenue stands at 7.77 whereas that against EBITDA is 22.27.
Stock Price History:
Over the past 52 weeks, APP has reached a high of $74.55, while it has fallen to a 52-week low of $13.69. The 50-Day Moving Average of the stock is 55.29, while the 200-Day Moving Average is calculated to be 41.00.
Shares Statistics:
APP traded an average of 4.17M shares per day over the past three months and 4.77M shares per day over the past ten days. A total of 268.77M shares are outstanding, with a floating share count of 161.50M. Insiders hold about 52.78% of the company’s shares, while institutions hold 39.71% stake in the company. Shares short for APP as of Feb 29, 2024 were 18.11M with a Short Ratio of 5.30, compared to 15.83M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.30% and a Short% of Float of 12.78%.
Earnings Estimates
The firm’s stock currently is rated by 12 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 $2.52. EPS for the following year is $3.12, with 14 analysts recommending between $3.97 and $2.07.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 15 analysts. 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, 15 analysts are estimating revenue of $1B, an increase of 33.40% less than the figure of $35.60% in the same quarter last year. There is a high estimate of $1.05B for the next quarter, whereas the lowest estimate is $979M.
A total of 18 analysts have provided revenue estimates for APP’s current fiscal year. The highest revenue estimate was $4.27B, while the lowest revenue estimate was $3.93B, resulting in an average revenue estimate of $4.07B. In the same quarter a year ago, actual revenue was $3.28B, up 24.10% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $4.47B 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 9.70% from the average revenue estimate for this year.
