Applovin Corp (NASDAQ: APP) is 52.60% higher on its value in year-to-date trading and has touched a low of $54.50 and a high of $525.15 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 $496.00 in the last trading session, with the day’s loss setting it -1.83%.
Currently trading at $494.17, the stock is 25.51% and 37.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.04 million and changing -0.37% at the moment leaves the stock 166.09% off its SMA200. APP registered 744.74% gain for a year compared to 6-month gain of 472.29%.
The stock witnessed a 44.35% loss in the last 1 month and extending the period to 3 months gives it a 73.70%, and is 31.69% 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 9.09% over the week and 6.31% over the month.
Applovin Corp (APP) has around 1745 employees, a market worth around $168.04B and $4.71B in sales. Current P/E ratio is 108.83 and Fwd P/E is 51.99. Profit margin for the company is 33.51%. Distance from 52-week low is 806.73% and -5.90% from its 52-week high. The company has generated returns on investments over the last 12 months (34.07%).
with sales reaching $1.38B over the same period.The EPS is expected to grow by 43.27% this year, but quarterly earnings will post 23.27% year-over-year. Quarterly sales are estimated to grow 30.31% in year-over-year returns.
The shares outstanding are 309.35M, and float is at 208.86M with Short Float at 6.75%.
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 3.9588 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 2.9169 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).
