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After finishing at $90.30 in the prior trading day, Applovin Corp (NASDAQ: APP) closed at $88.00, down -2.55%. In other words, the price has decreased by -$2.55 from its previous closing price. On the day, 3.21 million shares were traded. APP stock price reached its highest trading level at $89.78 during the session, while it also had its lowest trading level at $87.11.
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 63.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.16. For the most recent quarter (mrq), Quick Ratio is recorded 2.28 and its Current Ratio is at 2.28. In the meantime, Its Debt-to-Equity ratio is 4.32 whereas as Long-Term Debt/Eq ratio is at 4.27.
On April 15, 2024, Daiwa Securities started tracking the stock assigning a Neutral rating and target price of $80.
On December 18, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $53.20.HSBC Securities initiated its Buy rating on December 18, 2023, with a $53.20 target price.
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 Aug 22 ’24 when Chen Herald Y sold 300,000 shares for $89.87 per share. The transaction valued at 26,959,813 led to the insider holds 31,209 shares of the business.
Valenzuela Victoria sold 14,166 shares of APP for $1,274,690 on Aug 22 ’24. The CLO & Corp. Secretary now owns 352,616 shares after completing the transaction at $89.98 per share. On Aug 22 ’24, another insider, HERALD Y CHEN, who serves as the Director of the company, bought 300,000 shares for $89.86 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 30182678528 and an Enterprise Value of 32471154688. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.29, and their Forward P/E ratio for the next fiscal year is 20.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.86. 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 36.09. Its current Enterprise Value per Revenue stands at 8.209 whereas that against EBITDA is 19.685.
Stock Price History:
Over the past 52 weeks, APP has reached a high of $92.50, while it has fallen to a 52-week low of $34.45. The 50-Day Moving Average of the stock is 8.24%, while the 200-Day Moving Average is calculated to be 37.01%.
Shares Statistics:
The stock has traded on average 3.78M shares per day over the past 3-months and 2935150 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 187.93M. Insiders hold about 43.77% of the company’s shares, while institutions hold 53.53% stake in the company. Shares short for APP as of 1723680000 were 14622295 with a Short Ratio of 3.87, compared to 1721001600 on 17090519. Therefore, it implies a Short% of Shares Outstanding of 14622295 and a Short% of Float of 5.1.
