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Applovin Corp (NASDAQ: APP) closed the day trading at $87.88 down -0.28% from the previous closing price of $88.13. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 2.57 million shares were traded. APP stock price reached its highest trading level at $89.855 during the session, while it also had its lowest trading level at $85.4129.
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 63.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.13. For the most recent quarter (mrq), Quick Ratio is recorded 2.28 and its Current Ratio is at 2.28. In the meantime, Its Debt-to-Equity ratio is 4.32 whereas as Long-Term Debt/Eq ratio is at 4.27.
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 Aug 22 ’24 when Chen Herald Y sold 300,000 shares for $89.87 per share. The transaction valued at 26,959,813 led to the insider holds 31,209 shares of the business.
Valenzuela Victoria sold 14,166 shares of APP for $1,274,690 on Aug 22 ’24. The CLO & Corp. Secretary now owns 352,616 shares after completing the transaction at $89.98 per share. On Aug 22 ’24, another insider, HERALD Y CHEN, who serves as the Director of the company, bought 300,000 shares for $89.86 each.
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 29373800448 and an Enterprise Value of 32514607104. As of this moment, Applovin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.24, and their Forward P/E ratio for the next fiscal year is 20.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.43 while its Price-to-Book (P/B) ratio in mrq is 36.04. Its current Enterprise Value per Revenue stands at 8.22 whereas that against EBITDA is 19.711.
Stock Price History:
Over the past 52 weeks, APP has reached a high of $93.70, while it has fallen to a 52-week low of $34.45. The 50-Day Moving Average of the stock is 6.89%, while the 200-Day Moving Average is calculated to be 34.79%.
Shares Statistics:
Over the past 3-months, APP traded about 3.73M shares per day on average, while over the past 10 days, APP traded about 3059560 shares per day. A total of 268.77M shares are outstanding, with a floating share count of 188.02M. Insiders hold about 43.75% of the company’s shares, while institutions hold 53.53% stake in the company. Shares short for APP as of 1723680000 were 14622295 with a Short Ratio of 3.92, compared to 1721001600 on 17090519. Therefore, it implies a Short% of Shares Outstanding of 14622295 and a Short% of Float of 5.1.
Earnings Estimates
The stock of Applovin Corp (APP) is currently in the spotlight, with 9.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $0.96, with high estimates of $1.1 and low estimates of $0.84.
Analysts are recommending an EPS of between $3.65 and $3.09 for the fiscal current year, implying an average EPS of $3.4. EPS for the following year is $4.26, with 13.0 analysts recommending between $5.52 and $3.58.
Revenue Estimates
13 analysts predict $1.13B in revenue for the current quarter. It ranges from a high estimate of $1.14B to a low estimate of $1.12B. As of the current estimate, Applovin Corp’s year-ago sales were $864.26MFor the next quarter, 13 analysts are estimating revenue of $1.17B. There is a high estimate of $1.21B for the next quarter, whereas the lowest estimate is $1.15B.
A total of 18 analysts have provided revenue estimates for APP’s current fiscal year. The highest revenue estimate was $4.47B, while the lowest revenue estimate was $4.24B, resulting in an average revenue estimate of $4.43B. In the same quarter a year ago, actual revenue was $3.28BBased on 18 analysts’ estimates, the company’s revenue will be $5.04B in the next fiscal year. The high estimate is $5.19B and the low estimate is $4.86B.
