Applovin Corp (NASDAQ: APP) is 81.48% higher on its value in year-to-date trading and has touched a low of $15.41 and a high of $79.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The APP stock was last observed hovering at around $71.43 in the last trading session, with the day’s gains setting it 0.89%.
Currently trading at $72.32, the stock is -0.02% and 15.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.81 million and changing 1.25% at the moment leaves the stock 64.35% off its SMA200. APP registered 339.10% gain for a year compared to 6-month gain of 87.75%.
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The stock witnessed a 14.56% loss in the last 1 month and extending the period to 3 months gives it a 77.60%, and is -5.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.66% over the week and 4.95% over the month.
Applovin Corp (APP) has around 1745 employees, a market worth around $24.73B and $3.28B in sales. Current P/E ratio is 72.15 and Fwd P/E is 23.18. Profit margin for the company is 10.81%. Distance from 52-week low is 369.31% and -9.09% from its 52-week high. The company has generated returns on investments over the last 12 months (8.16%).
The EPS is expected to grow by 155.82% this year.
Applovin Corp (APP) Top Institutional Holders
The shares outstanding are 268.77M, and float is at 162.41M with Short Float at 15.18%.
Applovin Corp (APP) Insider Activity
The most recent transaction is an insider sale by Valenzuela Victoria,the company’sCLO & Corp. Secretary. SEC filings show that Valenzuela Victoria sold 50,000 shares of the company’s common stock on Apr 04 ’24 at a price of $75.01 per share for a total of $3.75 million. Following the sale, the insider now owns 0.47 million shares.
Applovin Corp disclosed in a document filed with the SEC on Mar 14 ’24 that Chen Herald Y (President & CFO) sold a total of 150,000 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $63.04 per share for $9.46 million. Following the transaction, the insider now directly holds 62418.0 shares of the APP stock.
Still, SEC filings show that on Mar 14 ’24, Stumpf Matthew (Chief Financial Officer (CFO)) disposed off 2,775 shares at an average price of $63.30 for $0.18 million. The insider now directly holds 362,264 shares of Applovin Corp (APP).
