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The closing price of Applovin Corp (NASDAQ: APP) was $76.85 for the day, down -0.88% from the previous closing price of $77.53. In other words, the price has decreased by -$0.88 from its previous closing price. On the day, 2.34 million shares were traded. APP stock price reached its highest trading level at $79.1 during the session, while it also had its lowest trading level at $76.32.
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 57.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.77. For the most recent quarter (mrq), Quick Ratio is recorded 2.11 and its Current Ratio is at 2.11. In the meantime, Its Debt-to-Equity ratio is 4.64 whereas as Long-Term Debt/Eq ratio is at 4.59.
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 Jul 05 ’24 when Vivas Eduardo sold 118,839 shares for $90.75 per share. The transaction valued at 10,784,240 led to the insider holds 7,641,531 shares of the business.
Vivas Eduardo sold 3,743 shares of APP for $339,660 on Jul 05 ’24. The Director now owns 112,681 shares after completing the transaction at $90.75 per share. On Jul 02 ’24, another insider, Valenzuela Victoria, who serves as the CLO & Corp. Secretary of the company, sold 2,999 shares for $85.02 each. As a result, the insider received 254,975 and left with 387,616 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 25284726784 and an Enterprise Value of 28373819392. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.53, and their Forward P/E ratio for the next fiscal year is 20.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.97 while its Price-to-Book (P/B) ratio in mrq is 33.25. Its current Enterprise Value per Revenue stands at 7.826 whereas that against EBITDA is 20.251.
Stock Price History:
Over the past 52 weeks, APP has reached a high of $91.91, while it has fallen to a 52-week low of $28.99. The 50-Day Moving Average of the stock is -6.12%, while the 200-Day Moving Average is calculated to be 28.87%.
Shares Statistics:
APP traded an average of 4.15M shares per day over the past three months and 2470040 shares per day over the past ten days. A total of 268.77M shares are outstanding, with a floating share count of 169.81M. Insiders hold about 48.39% of the company’s shares, while institutions hold 46.85% stake in the company. Shares short for APP as of 1721001600 were 17090519 with a Short Ratio of 4.12, compared to 1718323200 on 15154493. Therefore, it implies a Short% of Shares Outstanding of 17090519 and a Short% of Float of 6.4899996.
Earnings Estimates
As of right now, 10.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.75 for the current quarter, with a high estimate of $0.9 and a low estimate of $0.66, while EPS last year was $0.22. The consensus estimate for the next quarter is $0.8, with high estimates of $0.91 and low estimates of $0.73.
Analysts are recommending an EPS of between $3.41 and $2.6 for the fiscal current year, implying an average EPS of $3.03. EPS for the following year is $3.87, with 12.0 analysts recommending between $4.81 and $3.02.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 15 analysts. It ranges from a high estimate of $1.1B to a low estimate of $1.07B. As of the current estimate, Applovin Corp’s year-ago sales were $750.16MFor the next quarter, 15 analysts are estimating revenue of $1.1B. There is a high estimate of $1.15B for the next quarter, whereas the lowest estimate is $1.05B.
A total of 18 analysts have provided revenue estimates for APP’s current fiscal year. The highest revenue estimate was $4.5B, while the lowest revenue estimate was $4.23B, resulting in an average revenue estimate of $4.37B. In the same quarter a year ago, actual revenue was $3.28BBased on 17 analysts’ estimates, the company’s revenue will be $4.92B in the next fiscal year. The high estimate is $5.28B and the low estimate is $4.44B.
