At the time of writing, Applovin Corp [APP] stock is trading at $130.65, up 0.08%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The APP shares have gain 1.22% over the last week, with a monthly amount glided 40.68%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Applovin Corp [NASDAQ: APP] stock has seen the most recent analyst activity on September 17, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $145 from $100. On April 15, 2024, Daiwa Securities initiated with a Neutral rating and assigned a price target of $80 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $53.20 on December 18, 2023. Jefferies upgraded its rating to a Buy and raised its price target to $50 on August 22, 2023. BTIG Research upgraded its rating to Buy for this stock on July 24, 2023, but kept the price target unchanged to $34. In a note dated May 17, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $21 to $27.
For the past year, the stock price of Applovin Corp fluctuated between $34.45 and $133.05. Currently, Wall Street analysts expect the stock to reach $87.95 within the next 12 months. Applovin Corp [NASDAQ: APP] shares were valued at $130.65 at the most recent close of the market. An investor can expect a potential drop of -32.68% based on the average APP price forecast.
Analyzing the APP fundamentals
According to Applovin Corp [NASDAQ:APP], the company’s sales were 3.96B for trailing twelve months, which represents an 43.98% jump. 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 128.55 points at the first support level, and at 126.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 132.21, and for the 2nd resistance point, it is at 133.77.
Ratios To Look Out For
It is important to note that Applovin Corp [NASDAQ:APP] has a current ratio of 2.28. Also, the Quick Ratio is 2.28, while the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 11.04, the price to book ratio is 53.58 and price to earnings (TTM) ratio is 55.36.
Transactions by insiders
Recent insider trading involved Foroughi Arash Adam, CEO & Chairperson, that happened on Sep 13 ’24 when 100000.0 shares were sold. CEO & Chairperson, Foroughi Arash Adam completed a deal on Sep 12 ’24 to sell 100000.0 shares. Meanwhile, CLO & Corp. Secretary Valenzuela Victoria sold 0.11 million shares on Sep 12 ’24.
