Applovin Corp [APP] stock prices are up 7.95% to $68.15 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The APP shares have gain 13.53% over the last week, with a monthly amount glided 16.50%, and seem to be holding up well over a long-time horizon.
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On 18, March 2024, /C O R R E C T I O N — Adjust/. In a post published today on Yahoo Finance, In the news release, Adjust and AppLovin Unveil Winning Framework For Mobile Gaming Studios And Marketers To Ride App Growth Momentum, issued 18-Mar-2024 by Adjust over PR Newswire, we are advised by the company that four hyperlinks (in total) in the 1st and 4th paragraphs, as well as the paragraph above the company’s boilerplate, regarding the Gaming App Insights Report, as well as the PC and Console Guide, were issued incorrectly. The complete, corrected release follows:.
From an analyst’s perspective:
Applovin Corp [NASDAQ: APP] stock has seen the most recent analyst activity on December 18, 2023, when HSBC Securities initiated its Buy rating and assigned the stock a price target of $53.20. Previously, Jefferies upgraded its rating to Buy on August 22, 2023, and elevated its price target to $50. On July 24, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $34 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $27 on May 17, 2023. UBS downgraded its rating to a Neutral and reduced its price target to $16 on February 23, 2023. The Benchmark Company started tracking with a Sell rating for this stock on January 05, 2023, and assigned it a price target of $7. In a note dated December 08, 2022, BTIG Research downgraded an Neutral rating on this stock.
The stock price of Applovin Corp [APP] has been fluctuating between $13.23 and $65.67 over the past year. Currently, Wall Street analysts expect the stock to reach $63.29 within the next 12 months. Applovin Corp [NASDAQ: APP] shares were valued at $68.15 at the most recent close of the market. An investor can expect a potential drop of -7.13% based on the average APP price forecast.
Analyzing the APP fundamentals
The Applovin Corp [NASDAQ:APP] reported sales of 3.28B for trailing twelve months, representing a surge of 35.73%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.25 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 64.89 points at the first support level, and at 61.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.12, and for the 2nd resistance point, it is at 72.08.
Applovin Corp [APP] reported earnings per share of $0.49 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.35/share, meaning a difference of $0.14 and a surprise factor of 40.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.3 per share as compared to estimates of $0.27 per share, a difference of $0.03 representing a surprise of 11.10%.
Ratios To Look Out For
It’s worth pointing out that Applovin Corp [NASDAQ:APP]’s Current Ratio is 1.71. On the other hand, the Quick Ratio is 1.71, and the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 7.10, the price to book ratio is 18.44 and price to earnings (TTM) ratio is 67.99.
Transactions by insiders
Recent insider trading involved Chen Herald Y, President & CFO, that happened on Mar 14 ’24 when 0.15 million shares were sold. Chief Financial Officer (CFO), Stumpf Matthew completed a deal on Mar 14 ’24 to sell 2775.0 shares. Meanwhile, Director Vivas Eduardo sold 1268.0 shares on Mar 11 ’24.
