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The closing price of Applovin Corp (NASDAQ: APP) was $81.80 for the day, up 1.08% from the previous closing price of $80.93. In other words, the price has increased by $1.08 from its previous closing price. On the day, 1.62 million shares were traded. APP stock price reached its highest trading level at $82.3376 during the session, while it also had its lowest trading level at $79.9.
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 61.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.17. 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 26913347584 and an Enterprise Value of 30002436096. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.46, and their Forward P/E ratio for the next fiscal year is 21.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.42 while its Price-to-Book (P/B) ratio in mrq is 35.40. Its current Enterprise Value per Revenue stands at 8.275 whereas that against EBITDA is 21.414.
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 $27.32. The 50-Day Moving Average of the stock is -0.33%, while the 200-Day Moving Average is calculated to be 39.99%.
Shares Statistics:
APP traded an average of 4.28M shares per day over the past three months and 2574823 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 46.74% stake in the company. Shares short for APP as of 1719532800 were 15676675 with a Short Ratio of 3.66, compared to 1717113600 on 16420361. Therefore, it implies a Short% of Shares Outstanding of 15676675 and a Short% of Float of 5.9499998.
