Applovin Corp (NASDAQ: APP) is -0.85% lower on its value in year-to-date trading and has touched a low of $39.43 and a high of $417.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The APP stock was last observed hovering at around $315.68 in the last trading session, with the day’s gains setting it 5.41%.
Currently trading at $321.09, the stock is -3.70% and 3.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.22 million and changing 1.71% at the moment leaves the stock 116.60% off its SMA200. APP registered 675.21% gain for a year compared to 6-month gain of 265.17%. The firm has a 50-day simple moving average (SMA 50) of $308.3323 and a 200-day simple moving average (SMA200) of $146.98093.
The stock witnessed a -5.06% loss in the last 1 month and extending the period to 3 months gives it a 118.43%, and is -9.53% 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 5.91% over the week and 6.04% over the month.
Applovin Corp (APP) has around 1745 employees, a market worth around $107.76B and $4.29B in sales. Current P/E ratio is 97.15 and Fwd P/E is 53.20. Profit margin for the company is 26.82%. Distance from 52-week low is 714.33% and -23.12% from its 52-week high. The company has generated returns on investments over the last 12 months (26.07%).
with sales reaching $1.26B over the same period.The EPS is expected to grow by 313.89% this year, but quarterly earnings will post 39.98% year-over-year. Quarterly sales are estimated to grow 32.17% in year-over-year returns.
Applovin Corp (APP) Top Institutional Holders
1006.0 institutions hold shares in Applovin Corp (APP), with institutional investors hold 90.18% of the company’s shares. The shares outstanding are 298.56M, and float is at 207.21M with Short Float at 8.69%. Institutions hold 65.98% 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 Valenzuela Victoria, the company’s CLO & Corp. Secretary. SEC filings show that Valenzuela Victoria sold 15,971 shares of the company’s common stock on Dec 19 ’24 at a price of $313.07 per share for a total of $5.0 million. Following the sale, the insider now owns 0.37 million shares.
Applovin Corp disclosed in a document filed with the SEC on Dec 12 ’24 that Chen Herald Y (Director) sold a total of 99,000 shares of the company’s common stock. The trade occurred on Dec 12 ’24 and was made at $329.50 per share for $32.62 million. Following the transaction, the insider now directly holds 0.62 million shares of the APP stock.
Still, SEC filings show that on Dec 11 ’24, Chen Herald Y (Director) disposed off 100,000 shares at an average price of $333.07 for $33.31 million. The insider now directly holds 621,209 shares of Applovin Corp (APP).
