Appian Corp [APPN] stock prices are down -0.16% to $36.58 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The APPN shares have gain 2.84% over the last week, with a monthly amount drifted -1.75%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 13, March 2024, Amadori Transforms Business with Appian Process Automation. In a post published today on Yahoo Finance, Italy’s leading agribusiness company dramatically reduced the time between asset maintenance and order generation on Appian.
From an analyst’s perspective:
Appian Corp [NASDAQ: APPN] stock has seen the most recent analyst activity on January 11, 2024, when Citigroup upgraded its rating to a Buy and also revised its price target to $45 from $47. Previously, DA Davidson upgraded its rating to Buy on November 07, 2023, and elevated its price target to $55. On June 06, 2023, DA Davidson initiated with a Neutral rating and assigned a price target of $40 on the stock. SMBC Nikko downgraded its rating to a Underperform and decreased its price target to $23 on January 09, 2023. SMBC Nikko initiated its recommendation with a Neutral and recommended $37 as its price target on December 21, 2022. Credit Suisse started tracking with a Neutral rating for this stock on September 23, 2022, and assigned it a price target of $45. In a note dated September 13, 2022, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $60 on this stock.
The stock price of Appian Corp [APPN] has been fluctuating between $30.87 and $54.26 over the past year. Currently, Wall Street analysts expect the stock to reach $56 within the next 12 months. Appian Corp [NASDAQ: APPN] shares were valued at $36.58 at the most recent close of the market. An investor can expect a potential return of 53.09% based on the average APPN price forecast.
Analyzing the APPN fundamentals
The Appian Corp [NASDAQ:APPN] reported sales of 545.36M for trailing twelve months, representing a surge of 15.53%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -1.4 and Total Capital is -0.42. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.3.
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 35.56 points at the first support level, and at 34.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.25, and for the 2nd resistance point, it is at 37.91.
Appian Corp [APPN] reported earnings per share of $0.06 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 -$0.24/share, meaning a difference of $0.3 and a surprise factor of 125.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.2 per share as compared to estimates of -$0.25 per share, a difference of $0.05 representing a surprise of 20.00%.
Ratios To Look Out For
It’s worth pointing out that Appian Corp [NASDAQ:APPN]’s Current Ratio is 1.02. On the other hand, the Quick Ratio is 1.02, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 4.92, the price to book ratio is 51.27.
Transactions by insiders
Recent insider trading involved Abdiel Capital Advisors, LP, 10% Owner, that happened on Feb 21 ’24 when 0.4 million shares were sold. 10% Owner, Abdiel Capital Advisors, LP completed a deal on Jan 04 ’24 to sell 0.25 million shares. Meanwhile, 10% Owner Abdiel Capital Advisors, LP sold 29126.0 shares on Jan 03 ’24.
