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Applovin Corp (NASDAQ: APP) closed the day trading at $74.00 down -4.01% from the previous closing price of $77.09. In other words, the price has decreased by -$4.01 from its previous closing price. On the day, 6.04 million shares were traded. APP stock price reached its highest trading level at $76.63 during the session, while it also had its lowest trading level at $73.62.
Ratios:
For a better understanding of APP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 48.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.02. For the most recent quarter (mrq), Quick Ratio is recorded 1.71 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 2.66 whereas as Long-Term Debt/Eq ratio is at 2.46.
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 Apr 04 ’24 when Valenzuela Victoria sold 50,000 shares for $75.01 per share. The transaction valued at 3,750,500 led to the insider holds 471,560 shares of the business.
Chen Herald Y sold 150,000 shares of APP for $9,456,604 on Mar 14 ’24. The President & CFO now owns 62,418 shares after completing the transaction at $63.04 per share. On Mar 14 ’24, another insider, Stumpf Matthew, who serves as the Chief Financial Officer (CFO) of the company, sold 2,775 shares for $63.30 each. As a result, the insider received 175,658 and left with 362,264 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 24343187456 and an Enterprise Value of 29203668992. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 73.83, and their Forward P/E ratio for the next fiscal year is 23.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.41 while its Price-to-Book (P/B) ratio in mrq is 20.02. Its current Enterprise Value per Revenue stands at 8.895 whereas that against EBITDA is 25.656.
Stock Price History:
Over the past 52 weeks, APP has reached a high of $79.55, while it has fallen to a 52-week low of $17.20. The 50-Day Moving Average of the stock is 7.08%, while the 200-Day Moving Average is calculated to be 55.64%.
Shares Statistics:
Over the past 3-months, APP traded about 4.36M shares per day on average, while over the past 10 days, APP traded about 3555330 shares per day. A total of 268.77M shares are outstanding, with a floating share count of 164.22M. Insiders hold about 50.08% of the company’s shares, while institutions hold 44.10% stake in the company. Shares short for APP as of 1713139200 were 21846727 with a Short Ratio of 5.01, compared to 1710460800 on 22116524. Therefore, it implies a Short% of Shares Outstanding of 21846727 and a Short% of Float of 8.290000000000001.
