Applovin Corp (NASDAQ: APP) is 747.90% higher on its value in year-to-date trading and has touched a low of $37.40 and a high of $417.64 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 $343.96 in the last trading session, with the day’s loss setting it -6.07%.
Currently trading at $337.89, the stock is -0.74% and 35.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.53 million and changing -1.76% at the moment leaves the stock 169.14% off its SMA200. APP registered 745.78% gain for a year compared to 6-month gain of 317.97%. The firm has a 50-day simple moving average (SMA 50) of $246.2915 and a 200-day simple moving average (SMA200) of $124.1638.
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The stock witnessed a 16.08% loss in the last 1 month and extending the period to 3 months gives it a 174.35%, and is 5.24% 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 6.52% over the week and 7.57% over the month.
Applovin Corp (APP) has around 1745 employees, a market worth around $113.39B and $4.29B in sales. Current P/E ratio is 102.24 and Fwd P/E is 56.90. Profit margin for the company is 26.82%. Distance from 52-week low is 803.45% and -19.09% from its 52-week high. The company has generated returns on investments over the last 12 months (26.07%).
The EPS is expected to grow by 313.01% this year.
Applovin Corp (APP) Top Institutional Holders
980.0 institutions hold shares in Applovin Corp (APP), with institutional investors hold 90.00% of the company’s shares. The shares outstanding are 298.56M, and float is at 207.19M with Short Float at 8.17%. Institutions hold 65.85% 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 Director. SEC filings show that Chen Herald Y sold 99,000 shares of the company’s common stock on Dec 12 ’24 at a price of $329.50 per share for a total of $32.62 million. Following the sale, the insider now owns 0.62 million shares.
Applovin Corp disclosed in a document filed with the SEC on Dec 11 ’24 that Chen Herald Y (Director) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Dec 11 ’24 and was made at $333.07 per share for $33.31 million. Following the transaction, the insider now directly holds 0.62 million shares of the APP stock.
Still, SEC filings show that on Dec 10 ’24, Chen Herald Y (Director) disposed off 17,649 shares at an average price of $350.90 for $6.19 million. The insider now directly holds 190,000 shares of Applovin Corp (APP).
