Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Applovin Corp (NASDAQ: APP) closed the day trading at $69.70 down -2.09% from the previous closing price of $71.18. In other words, the price has decreased by -$2.09 from its previous closing price. On the day, 3.85 million shares were traded. APP stock price reached its highest trading level at $72.98 during the session, while it also had its lowest trading level at $68.46.
Ratios:
For a better understanding of APP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 47.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.55. 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:
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 23601672192 and an Enterprise Value of 26676310016. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.54, and their Forward P/E ratio for the next fiscal year is 22.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.26 while its Price-to-Book (P/B) ratio in mrq is 18.86. Its current Enterprise Value per Revenue stands at 8.125 whereas that against EBITDA is 23.436.
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. The 50-Day Moving Average of the stock is 6.48%, while the 200-Day Moving Average is calculated to be 53.80%.
Shares Statistics:
Over the past 3-months, APP traded about 4.36M shares per day on average, while over the past 10 days, APP traded about 2981690 shares per day. 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 39.88% stake in the company. Shares short for APP as of 1711584000 were 24651325 with a Short Ratio of 5.65, compared to 1709164800 on 18110331. Therefore, it implies a Short% of Shares Outstanding of 24651325 and a Short% of Float of 16.81.
