A share price of Applovin Corp [APP] is currently trading at $246.53, up 46.27%. An important factor to consider is whether the stock is rising or falling in short-term value. The APP shares have gain 45.54% over the last week, with a monthly amount glided 71.92%, 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 29, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $200. Previously, Loop Capital started tracking the stock with Buy rating on October 22, 2024, and set its price target to $181. On October 14, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $150 on the stock. UBS upgraded its rating to a Buy and increased its price target to $145 on September 17, 2024. Daiwa Securities started tracking with a Neutral rating for this stock on April 15, 2024, and assigned it a price target of $80. In a note dated December 18, 2023, HSBC Securities initiated an Buy rating and provided a target price of $53.20 on this stock.
Applovin Corp experienced fluctuations in its stock price throughout the past year between $35.79 and $176.99. Currently, Wall Street analysts expect the stock to reach $113.5 within the next 12 months. Applovin Corp [NASDAQ: APP] shares were valued at $246.53 at the most recent close of the market. An investor can expect a potential drop of -53.96% based on the average APP price forecast.
Analyzing the APP fundamentals
Trailing Twelve Months sales for Applovin Corp [NASDAQ:APP] were 4.29B which represents 38.64% growth. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 1.22 and Total Capital is 0.33. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.74.
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 230.61 points at the first support level, and at 214.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 259.94, and for the 2nd resistance point, it is at 273.35.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Applovin Corp [NASDAQ:APP] is 2.41. On the other hand, the Quick Ratio is 2.41, and the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 19.21, the price to book ratio is 88.15 and price to earnings (TTM) ratio is 74.59.
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.
