Applovin Corp (NASDAQ: APP) is 120.53% higher on its value in year-to-date trading and has touched a low of $34.45 and a high of $93.70 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 $88.13 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $87.88, the stock is 4.33% and 6.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.57 million and changing -0.28% at the moment leaves the stock 34.79% off its SMA200. APP registered 103.47% gain for a year compared to 6-month gain of 44.16%.
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The stock witnessed a 30.89% loss in the last 1 month and extending the period to 3 months gives it a 7.64%, and is -2.68% 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 4.69% over the week and 5.38% over the month.
Applovin Corp (APP) has around 1745 employees, a market worth around $29.37B and $3.96B in sales. Current P/E ratio is 37.24 and Fwd P/E is 20.71. Profit margin for the company is 20.83%. Distance from 52-week low is 155.09% and -6.21% 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
843.0 institutions hold shares in Applovin Corp (APP), with institutional investors hold 84.90% of the company’s shares. The shares outstanding are 268.77M, and float is at 188.02M with Short Float at 7.78%. Institutions hold 61.39% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.1 million shares valued at $1.59 billion. The investor’s holdings represent 5.689 of the APP Shares outstanding. As of 2024-06-30, the second largest holder is GQG PARTNERS LLC with 13.29 million shares valued at $1.11 billion to account for 3.9575 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 13.05 million shares representing 3.8865 and valued at over $1.09 billion, while WCM INVESTMENT MANAGEMENT, LLC holds 2.9159 of the shares totaling 9.79 million with a market value of $813.86 million.
Applovin Corp (APP) Insider Activity
The most recent transaction is an insider sale by Chen Herald Y, the company’s President & CFO. SEC filings show that Chen Herald Y sold 300,000 shares of the company’s common stock on Aug 22 ’24 at a price of $89.87 per share for a total of $26.96 million. Following the sale, the insider now owns 31209.0 shares.
Applovin Corp disclosed in a document filed with the SEC on Aug 22 ’24 that Valenzuela Victoria (CLO & Corp. Secretary) sold a total of 14,166 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $89.98 per share for $1.27 million. Following the transaction, the insider now directly holds 0.35 million shares of the APP stock.
Still, SEC filings show that on Aug 22 ’24, HERALD Y CHEN (Director) Proposed Sale 300,000 shares at an average price of $89.86 for $26.96 million. The insider now directly holds shares of Applovin Corp (APP).
