A share price of Applovin Corp [APP] is currently trading at $74.76, down -3.39%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The APP shares have gain 11.35% over the last week, with a monthly amount drifted -11.90%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Daiwa Securities started tracking the stock with Neutral rating on April 15, 2024, and set its price target to $80. On December 18, 2023, HSBC Securities initiated with a Buy rating and assigned a price target of $53.20 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $50 on August 22, 2023. BTIG Research upgraded its rating to a Buy but $34 remained the price target by the analyst firm on July 24, 2023. BofA Securities upgraded its rating to Buy for this stock on May 17, 2023, and upped its price target to $27. In a note dated February 23, 2023, UBS downgraded an Neutral rating on this stock and revised its target price from $59 to $16.
Applovin Corp experienced fluctuations in its stock price throughout the past year between $33.17 and $91.91. Currently, Wall Street analysts expect the stock to reach $73.33 within the next 12 months. Applovin Corp [NASDAQ: APP] shares were valued at $74.76 at the most recent close of the market. An investor can expect a potential drop of -1.91% based on the average APP price forecast.
Analyzing the APP fundamentals
Trailing Twelve Months sales for Applovin Corp [NASDAQ:APP] were 3.96B which represents 43.98% growth. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.84 and Total Capital is 0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.32.
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 73.19 points at the first support level, and at 71.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.26, and for the 2nd resistance point, it is at 79.76.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Applovin Corp [NASDAQ:APP] is 2.28. As well, the Quick Ratio is 2.28, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 6.32, the price to book ratio is 30.66 and price to earnings (TTM) ratio is 31.68.
Transactions by insiders
Recent insider trading involved Jansen Katie Kihorany, Officer, that happened on Aug 12 ’24 when 0.14 million shares were purchased. Director, Vivas Eduardo completed a deal on Jul 05 ’24 to sell 0.12 million shares. Meanwhile, Director Vivas Eduardo sold 3743.0 shares on Jul 05 ’24.
