Applovin Corp [APP] stock prices are up 1.65% to $161.63 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The APP shares have gain 11.30% over the last week, with a monthly amount glided 26.15%, 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 22, 2024, when Loop Capital initiated its Buy rating and assigned the stock a price target of $181. Previously, Goldman downgraded its rating to Neutral on October 14, 2024, and elevated its price target to $150. On September 17, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $145 on the stock. Daiwa Securities initiated its recommendation with a Neutral and recommended $80 as its price target on April 15, 2024. HSBC Securities started tracking with a Buy rating for this stock on December 18, 2023, and assigned it a price target of $53.20. In a note dated August 22, 2023, Jefferies upgraded an Buy rating on this stock and boosted its target price from $20 to $50.
The stock price of Applovin Corp [APP] has been fluctuating between $34.45 and $165.38 over the past year. Currently, Wall Street analysts expect the stock to reach $108.95 within the next 12 months. Applovin Corp [NASDAQ: APP] shares were valued at $161.63 at the most recent close of the market. An investor can expect a potential drop of -32.59% based on the average APP price forecast.
Analyzing the APP fundamentals
The Applovin Corp [NASDAQ:APP] reported sales of 3.96B for trailing twelve months, representing a surge of 43.98%. 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 159.64 points at the first support level, and at 157.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 163.88, and for the 2nd resistance point, it is at 166.14.
Ratios To Look Out For
It’s worth pointing out that Applovin Corp [NASDAQ:APP]’s Current Ratio is 2.28. On the other hand, the Quick Ratio is 2.28, and the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 13.66, the price to book ratio is 66.29 and price to earnings (TTM) ratio is 68.49.
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.
