At the time of writing, Appian Corp [APPN] stock is trading at $35.37, down -0.59%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The APPN shares have gain 8.86% over the last week, with a monthly amount glided 31.19%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Appian Corp fluctuated between $26.28 and $52.99. Currently, Wall Street analysts expect the stock to reach $52.2 within the next 12 months. Appian Corp [NASDAQ: APPN] shares were valued at $35.37 at the most recent close of the market. An investor can expect a potential return of 47.58% based on the average APPN price forecast.
Analyzing the APPN fundamentals
According to Appian Corp [NASDAQ:APPN], the company’s sales were 559.96M for trailing twelve months, which represents an 10.80% jump. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at -0.19%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -2.25 and Total Capital is -0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -27.66.
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 34.67 points at the first support level, and at 33.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.19, and for the 2nd resistance point, it is at 37.01.
Ratios To Look Out For
It is important to note that Appian Corp [NASDAQ:APPN] has a current ratio of 1.21. As well, the Quick Ratio is 1.21, while the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 4.56.
Transactions by insiders
Recent insider trading involved Abdiel Capital Advisors, LP, 10% Owner, that happened on Jul 18 ’24 when 0.2 million shares were purchased. 10% Owner, Abdiel Capital Advisors, LP completed a deal on Jul 17 ’24 to buy 60000.0 shares. Meanwhile, 10% Owner Abdiel Capital Advisors, LP bought 40000.0 shares on Jul 16 ’24.
