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Applovin Corp (NASDAQ: APP) closed the day trading at $69.74 down -1.18% from the previous closing price of $70.57. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 2.64 million shares were traded. APP stock price reached its highest trading level at $72.355 during the session, while it also had its lowest trading level at $69.37.
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 45.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.70. 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.
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 this company, Daiwa Securities on April 15, 2024, initiated with a Neutral rating and assigned the stock a target price of $80.
On December 18, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $53.20.
Jefferies Upgraded its Hold to Buy on August 22, 2023, whereas the target price for the stock was revised from $20 to $50.
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 22941808640 and an Enterprise Value of 26696830976. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.58, and their Forward P/E ratio for the next fiscal year is 22.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.99 while its Price-to-Book (P/B) ratio in mrq is 18.87. Its current Enterprise Value per Revenue stands at 8.132 whereas that against EBITDA is 23.454.
Stock Price History:
The Beta on a monthly basis for APP is 1.85, which has changed by 3.1961493 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, APP has reached a high of $79.55, while it has fallen to a 52-week low of $15.70. The 50-Day Moving Average of the stock is 3.44%, while the 200-Day Moving Average is calculated to be 50.31%.
Shares Statistics:
Over the past 3-months, APP traded about 4.41M shares per day on average, while over the past 10 days, APP traded about 3526330 shares per day. A total of 268.77M shares are outstanding, with a floating share count of 164.23M. Insiders hold about 50.08% of the company’s shares, while institutions hold 43.90% stake in the company. Shares short for APP as of 1713139200 were 21846727 with a Short Ratio of 4.96, compared to 1710460800 on 22116524. Therefore, it implies a Short% of Shares Outstanding of 21846727 and a Short% of Float of 8.290000000000001.
Earnings Estimates
The dynamic stock of Applovin Corp (APP) is currently being evaluated by a team of 12.0 analysts, each contributing to its current rating.On average, analysts expect EPS of $0.57 for the current quarter, with a high estimate of $0.77 and a low estimate of $0.41, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.61, with high estimates of $0.76 and low estimates of $0.5.
Analysts are recommending an EPS of between $3.22 and $1.98 for the fiscal current year, implying an average EPS of $2.54. EPS for the following year is $3.14, with 15.0 analysts recommending between $3.97 and $2.01.
Revenue Estimates
15 analysts predict $974.01M in revenue for the current quarter. It ranges from a high estimate of $992M to a low estimate of $961.92M. As of the current estimate, Applovin Corp’s year-ago sales were $715.4MFor the next quarter, 15 analysts are estimating revenue of $1B. There is a high estimate of $1.06B for the next quarter, whereas the lowest estimate is $979M.
A total of 19 analysts have provided revenue estimates for APP’s current fiscal year. The highest revenue estimate was $4.31B, while the lowest revenue estimate was $3.93B, resulting in an average revenue estimate of $4.09B. In the same quarter a year ago, actual revenue was $3.28BBased on 18 analysts’ estimates, the company’s revenue will be $4.51B in the next fiscal year. The high estimate is $4.88B and the low estimate is $4.13B.
