Applovin Corp (NASDAQ: APP) is 314.50% higher on its value in year-to-date trading and has touched a low of $35.79 and a high of $174.46 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 $159.11 in the last trading session, with the day’s gains setting it 6.07%.
Currently trading at $165.18, the stock is 5.80% and 26.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.93 million and changing 3.81% at the moment leaves the stock 90.57% off its SMA200. APP registered 320.63% gain for a year compared to 6-month gain of 114.27%. The firm has a 50-day simple moving average (SMA 50) of $129.0591 and a 200-day simple moving average (SMA200) of $86.067726.
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The stock witnessed a 18.03% loss in the last 1 month and extending the period to 3 months gives it a 145.84%, and is -4.10% 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 3.60% over the week and 3.58% over the month.
Applovin Corp (APP) has around 1745 employees, a market worth around $55.21B and $3.96B in sales. Current P/E ratio is 69.99 and Fwd P/E is 35.24. Profit margin for the company is 20.83%. Distance from 52-week low is 361.53% and -5.32% from its 52-week high. The company has generated returns on investments over the last 12 months (19.18%).
with sales reaching $1.13B over the same period.The EPS is expected to grow by 253.08% this year, but quarterly earnings will post 35.30% year-over-year. Quarterly sales are estimated to grow 30.90% in year-over-year returns.
Applovin Corp (APP) Top Institutional Holders
908.0 institutions hold shares in Applovin Corp (APP), with institutional investors hold 82.55% of the company’s shares. The shares outstanding are 268.77M, and float is at 196.80M with Short Float at 11.12%. Institutions hold 59.66% 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 Foroughi Arash Adam, the company’s CEO & Chairperson. SEC filings show that Foroughi Arash Adam sold 100,000 shares of the company’s common stock on Sep 13 ’24 at a price of $111.40 per share for a total of $11.14 million. Following the sale, the insider now owns 3.89 million shares.
Applovin Corp disclosed in a document filed with the SEC on Sep 12 ’24 that Foroughi Arash Adam (CEO & Chairperson) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Sep 12 ’24 and was made at $104.19 per share for $10.42 million. Following the transaction, the insider now directly holds 3.99 million shares of the APP stock.
Still, SEC filings show that on Sep 12 ’24, Valenzuela Victoria (CLO & Corp. Secretary) disposed off 112,542 shares at an average price of $105.31 for $11.85 million. The insider now directly holds 427,574 shares of Applovin Corp (APP).
