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The price of Applovin Corp (NASDAQ: APP) closed at $159.40 in the last session, up 0.28% from day before closing price of $158.95. In other words, the price has increased by $0.28 from its previous closing price. On the day, 4.05 million shares were traded. APP stock price reached its highest trading level at $165.38 during the session, while it also had its lowest trading level at $157.88.
Ratios:
We take a closer look at APP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 115.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.33. 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.
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, Loop Capital on October 22, 2024, initiated with a Buy rating and assigned the stock a target price of $181.
On October 14, 2024, Goldman Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $103 to $150.
UBS Upgraded its Neutral to Buy on September 17, 2024, whereas the target price for the stock was revised from $100 to $145.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 13 ’24 when Foroughi Arash Adam sold 100,000 shares for $111.40 per share. The transaction valued at 11,140,337 led to the insider holds 3,885,217 shares of the business.
Foroughi Arash Adam sold 100,000 shares of APP for $10,419,320 on Sep 12 ’24. The CEO & Chairperson now owns 3,985,217 shares after completing the transaction at $104.19 per share. On Sep 12 ’24, another insider, Valenzuela Victoria, who serves as the CLO & Corp. Secretary of the company, sold 112,542 shares for $105.31 each. As a result, the insider received 11,851,798 and left with 427,574 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 53279285248 and an Enterprise Value of 56186093568. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 67.54, and their Forward P/E ratio for the next fiscal year is 34.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.47 while its Price-to-Book (P/B) ratio in mrq is 65.37. Its current Enterprise Value per Revenue stands at 14.204 whereas that against EBITDA is 34.062.
Stock Price History:
Over the past 52 weeks, APP has reached a high of $163.08, while it has fallen to a 52-week low of $34.45. The 50-Day Moving Average of the stock is 36.72%, while the 200-Day Moving Average is calculated to be 96.55%.
Shares Statistics:
According to the various share statistics, APP traded on average about 4.22M shares per day over the past 3-months and 4076610 shares per day over the past 10 days. A total of 268.77M shares are outstanding, with a floating share count of 196.80M. Insiders hold about 41.12% of the company’s shares, while institutions hold 51.59% stake in the company. Shares short for APP as of 1727654400 were 20596472 with a Short Ratio of 4.88, compared to 1724976000 on 15246226. Therefore, it implies a Short% of Shares Outstanding of 20596472 and a Short% of Float of 7.19.
