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The closing price of Applovin Corp (NASDAQ: APP) was $86.31 for the day, up 2.06% from the previous closing price of $84.57. In other words, the price has increased by $2.06 from its previous closing price. On the day, 3.5 million shares were traded. APP stock price reached its highest trading level at $88.18 during the session, while it also had its lowest trading level at $84.73.
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 62.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.76. 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:
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 Sep 06 ’24 when BASIL SHIKIN bought 160,000 shares for $88.19 per share.
Chen Herald Y sold 300,000 shares of APP for $26,959,813 on Aug 22 ’24. The President & CFO now owns 31,209 shares after completing the transaction at $89.87 per share. On Aug 22 ’24, another insider, Valenzuela Victoria, who serves as the CLO & Corp. Secretary of the company, sold 14,166 shares for $89.98 each. As a result, the insider received 1,274,690 and left with 352,616 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 28849029120 and an Enterprise Value of 31906275328. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.57, and their Forward P/E ratio for the next fiscal year is 20.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.29 while its Price-to-Book (P/B) ratio in mrq is 35.40. Its current Enterprise Value per Revenue stands at 8.066 whereas that against EBITDA is 19.343.
Stock Price History:
Over the past 52 weeks, APP has reached a high of $93.70, while it has fallen to a 52-week low of $34.45. The 50-Day Moving Average of the stock is 4.45%, while the 200-Day Moving Average is calculated to be 30.96%.
Shares Statistics:
APP traded an average of 3.66M shares per day over the past three months and 3203970 shares per day over the past ten days. A total of 268.77M shares are outstanding, with a floating share count of 188.02M. Insiders hold about 43.75% of the company’s shares, while institutions hold 53.54% stake in the company. Shares short for APP as of 1723680000 were 14622295 with a Short Ratio of 4.00, compared to 1721001600 on 17090519. Therefore, it implies a Short% of Shares Outstanding of 14622295 and a Short% of Float of 5.1.
Earnings Estimates
The dynamic stock of Applovin Corp (APP) is currently being evaluated by a team of 9.0 analysts, each contributing to its current rating.The consensus estimate for the next quarter is $0.96, with high estimates of $1.09 and low estimates of $0.84.
Analysts are recommending an EPS of between $3.65 and $3.09 for the fiscal current year, implying an average EPS of $3.39. EPS for the following year is $4.23, with 13.0 analysts recommending between $5.13 and $3.58.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 13 analysts. It ranges from a high estimate of $1.14B to a low estimate of $1.12B. As of the current estimate, Applovin Corp’s year-ago sales were $864.26MFor the next quarter, 13 analysts are estimating revenue of $1.17B. There is a high estimate of $1.21B for the next quarter, whereas the lowest estimate is $1.15B.
A total of 18 analysts have provided revenue estimates for APP’s current fiscal year. The highest revenue estimate was $4.47B, while the lowest revenue estimate was $4.24B, resulting in an average revenue estimate of $4.43B. In the same quarter a year ago, actual revenue was $3.28BBased on 18 analysts’ estimates, the company’s revenue will be $5.04B in the next fiscal year. The high estimate is $5.19B and the low estimate is $4.86B.
