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The closing price of Applovin Corp (NASDAQ: APP) was $131.36 for the day, up 0.54% from the previous closing price of $130.65. In other words, the price has increased by $0.54 from its previous closing price. On the day, 2.63 million shares were traded. APP stock price reached its highest trading level at $132.03 during the session, while it also had its lowest trading level at $128.51.
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 95.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.59. 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 the company, UBS on September 17, 2024, Upgraded its rating to Buy and sets its target price to $145 from $100 previously.
On April 15, 2024, Daiwa Securities started tracking the stock assigning a Neutral rating and target price of $80.Daiwa Securities initiated its Neutral rating on April 15, 2024, with a $80 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 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 43672866816 and an Enterprise Value of 46964174848. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.66, and their Forward P/E ratio for the next fiscal year is 28.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.10 while its Price-to-Book (P/B) ratio in mrq is 53.87. Its current Enterprise Value per Revenue stands at 11.872 whereas that against EBITDA is 28.471.
Stock Price History:
Over the past 52 weeks, APP has reached a high of $133.05, while it has fallen to a 52-week low of $34.45. The 50-Day Moving Average of the stock is 39.58%, while the 200-Day Moving Average is calculated to be 80.69%.
Shares Statistics:
APP traded an average of 4.02M shares per day over the past three months and 4608540 shares per day over the past ten 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 53.61% stake in the company. Shares short for APP as of 1726185600 were 17282010 with a Short Ratio of 4.30, compared to 1723680000 on 14622295. Therefore, it implies a Short% of Shares Outstanding of 17282010 and a Short% of Float of 6.0300004.
