Applovin Corp (NASDAQ: APP) is 117.26% higher on its value in year-to-date trading and has touched a low of $34.45 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 $85.82 in the last trading session, with the day’s gains setting it 0.76%.
Currently trading at $86.58, the stock is 12.21% and 8.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing 0.89% at the moment leaves the stock 38.05% off its SMA200. APP registered 126.47% gain for a year compared to 6-month gain of 51.02%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 4.01% loss in the last 1 month and extending the period to 3 months gives it a 2.38%, and is 8.51% up 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 4.21% over the week and 6.06% over the month.
Applovin Corp (APP) has around 1745 employees, a market worth around $28.94B and $3.96B in sales. Current P/E ratio is 36.69 and Fwd P/E is 20.40. Profit margin for the company is 20.83%. Distance from 52-week low is 151.32% and -5.80% from its 52-week high. The company has generated returns on investments over the last 12 months (19.18%).
The EPS is expected to grow by 241.20% this year.
Applovin Corp (APP) Top Institutional Holders
834.0 institutions hold shares in Applovin Corp (APP), with institutional investors hold 84.69% of the company’s shares. The shares outstanding are 268.77M, and float is at 185.76M with Short Float at 7.75%. Institutions hold 61.35% of the Float.
The top institutional shareholder in the company is GQG PARTNERS LLC with over 22.65 million shares valued at $1.57 billion. The investor’s holdings represent 6.7172 of the APP Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 14.71 million shares valued at $1.02 billion to account for 4.363 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.89 million shares representing 3.2315 and valued at over $754.13 million, while WCM INVESTMENT MANAGEMENT, LLC holds 2.1318 of the shares totaling 7.19 million with a market value of $497.49 million.
Applovin Corp (APP) Insider Activity
The most recent transaction is an insider sale by Vivas Eduardo, the company’s Director. SEC filings show that Vivas Eduardo sold 229,200 shares of the company’s common stock on Aug 16 ’24 at a price of $86.35 per share for a total of $19.79 million. Following the sale, the insider now owns 7.41 million shares.
Applovin Corp disclosed in a document filed with the SEC on Aug 14 ’24 that Jansen Katie Kihorany (Chief Marketing Officer) sold a total of 72,306 shares of the company’s common stock. The trade occurred on Aug 14 ’24 and was made at $83.71 per share for $6.05 million. Following the transaction, the insider now directly holds 1.09 million shares of the APP stock.
Still, SEC filings show that on Aug 12 ’24, Jansen Katie Kihorany (Chief Marketing Officer) disposed off 72,307 shares at an average price of $75.68 for $5.47 million. The insider now directly holds 1,164,396 shares of Applovin Corp (APP).
