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After finishing at $78.68 in the prior trading day, Applovin Corp (NASDAQ: APP) closed at $76.17, down -3.19%. In other words, the price has decreased by -$3.19 from its previous closing price. On the day, 4.13 million shares were traded. APP stock price reached its highest trading level at $78.2 during the session, while it also had its lowest trading level at $73.085.
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 57.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.58. 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:
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 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 25060997120 and an Enterprise Value of 28150089728. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.13, and their Forward P/E ratio for the next fiscal year is 20.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.91 while its Price-to-Book (P/B) ratio in mrq is 32.96. Its current Enterprise Value per Revenue stands at 7.764 whereas that against EBITDA is 20.092.
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 $28.19. The 50-Day Moving Average of the stock is -7.31%, while the 200-Day Moving Average is calculated to be 28.51%.
Shares Statistics:
The stock has traded on average 4.21M shares per day over the past 3-months and 2567460 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 169.81M. Insiders hold about 48.39% of the company’s shares, while institutions hold 46.77% stake in the company. Shares short for APP as of 1721001600 were 17090519 with a Short Ratio of 4.06, compared to 1718323200 on 15154493. Therefore, it implies a Short% of Shares Outstanding of 17090519 and a Short% of Float of 6.4899996.
