A share price of Applovin Corp [APP] is currently trading at $158.85, up 9.39%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The APP shares have gain 9.33% over the last week, with a monthly amount glided 25.98%, 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 October 14, 2024, when Goldman downgraded its rating to a Neutral and also boosted its price target to $150 from $103. Previously, UBS upgraded its rating to Buy on September 17, 2024, and elevated its price target to $145. Daiwa Securities started tracking the stock assigning a Neutral rating and suggested a price target of $80 on April 15, 2024. HSBC Securities initiated its recommendation with a Buy and recommended $53.20 as its price target on December 18, 2023. Jefferies upgraded its rating to Buy for this stock on August 22, 2023, and upped its price target to $50. In a note dated July 24, 2023, BTIG Research upgraded an Buy rating on this stock but restated the target price of $34.
Applovin Corp experienced fluctuations in its stock price throughout the past year between $34.45 and $148.48. Currently, Wall Street analysts expect the stock to reach $97.37 within the next 12 months. Applovin Corp [NASDAQ: APP] shares were valued at $158.85 at the most recent close of the market. An investor can expect a potential drop of -38.7% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.32.
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 151.30 points at the first support level, and at 143.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 163.10, and for the 2nd resistance point, it is at 167.36.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Applovin Corp [NASDAQ:APP] is 2.28. Further, the Quick Ratio stands at 2.28, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 13.42, the price to book ratio is 65.15 and price to earnings (TTM) ratio is 67.31.
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.
