Applovin Corp (NASDAQ: APP) is -20.40% lower on its value in year-to-date trading and has touched a low of $59.30 and a high of $525.15 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 $238.08 in the last trading session, with the day’s gains setting it 19.68%.
Currently trading at $257.76, the stock is -30.01% and -27.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.83 million and changing 8.27% at the moment leaves the stock 26.83% off its SMA200. APP registered 307.91% gain for a year compared to 6-month gain of 204.79%.
The stock witnessed a -31.40% loss in the last 1 month and extending the period to 3 months gives it a -32.00%, and is -21.23% 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 11.19% over the week and 10.32% over the month.
Applovin Corp (APP) has around 1563 employees, a market worth around $87.63B and $4.71B in sales. Current P/E ratio is 56.77 and Fwd P/E is 26.17. Profit margin for the company is 33.51%. Distance from 52-week low is 334.67% and -50.92% from its 52-week high. The company has generated returns on investments over the last 12 months (34.07%).
with sales reaching $1.37B over the same period.The EPS is expected to grow by 46.14% this year, but quarterly earnings will post 21.51% year-over-year. Quarterly sales are estimated to grow 29.69% in year-over-year returns.
Applovin Corp (APP) Top Institutional Holders
The shares outstanding are 309.35M, and float is at 209.04M with Short Float at 5.93%.
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
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Still, SEC filings show that on Mar 10 ’25, ES48 HOLDINGS TRUST (Officer) Proposed Sale 17,500 shares at an average price of $270.48 for $4.73 million. The insider now directly holds shares of Applovin Corp (APP).
