Applovin Corp (NASDAQ: APP) is 73.15% higher on its value in year-to-date trading and has touched a low of $28.99 and a high of $91.91 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 $67.14 in the last trading session, with the day’s gains setting it 1.86%.
Currently trading at $69.00, the stock is -13.34% and -14.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.25 million and changing 2.77% at the moment leaves the stock 13.78% off its SMA200. APP registered 120.03% gain for a year compared to 6-month gain of 51.72%.
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The stock witnessed a -19.00% loss in the last 1 month and extending the period to 3 months gives it a -10.21%, and is -7.79% 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 6.93% over the week and 4.90% over the month.
Applovin Corp (APP) has around 1745 employees, a market worth around $22.70B and $3.63B in sales. Current P/E ratio is 40.88 and Fwd P/E is 18.14. Profit margin for the company is 16.39%. Distance from 52-week low is 138.00% and -24.93% from its 52-week high. The company has generated returns on investments over the last 12 months (13.98%).
with sales reaching $1.08B over the same period.The EPS is expected to grow by 205.69% this year, but quarterly earnings will post 33.30% year-over-year. Quarterly sales are estimated to grow 44.20% in year-over-year returns.
Applovin Corp (APP) Top Institutional Holders
The shares outstanding are 268.77M, and float is at 169.81M with Short Float at 10.06%.
Applovin Corp (APP) Insider Activity
The most recent transaction is an insider sale by Vivas Eduardo,the company’sDirector. SEC filings show that Vivas Eduardo sold 118,839 shares of the company’s common stock on Jul 05 ’24 at a price of $90.75 per share for a total of $10.78 million. Following the sale, the insider now owns 7.64 million shares.
Applovin Corp disclosed in a document filed with the SEC on Jul 05 ’24 that Vivas Eduardo (Director) sold a total of 3,743 shares of the company’s common stock. The trade occurred on Jul 05 ’24 and was made at $90.75 per share for $0.34 million. Following the transaction, the insider now directly holds 0.11 million shares of the APP stock.
Still, SEC filings show that on Jul 02 ’24, Valenzuela Victoria (CLO & Corp. Secretary) disposed off 2,999 shares at an average price of $85.02 for $0.25 million. The insider now directly holds 387,616 shares of Applovin Corp (APP).
