A share price of Applovin Corp [APP] is currently trading at $286.43, down -1.23%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The APP shares have gain 80.02% over the last week, with a monthly amount glided 94.85%, 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 November 08, 2024, when Daiwa Securities upgraded its rating to a Outperform and also boosted its price target to $280 from $80. Previously, Wells Fargo started tracking the stock with Overweight rating on October 29, 2024, and set its price target to $200. On October 22, 2024, Loop Capital initiated with a Buy rating and assigned a price target of $181 on the stock. Goldman downgraded its rating to a Neutral and increased its price target to $150 on October 14, 2024. UBS upgraded its rating to a Buy and raised its price target to $145 on September 17, 2024. In a note dated April 15, 2024, Daiwa Securities initiated an Neutral rating and provided a target price of $80 on this stock.
Applovin Corp experienced fluctuations in its stock price throughout the past year between $35.79 and $292.86. Currently, Wall Street analysts expect the stock to reach $126.43 within the next 12 months. Applovin Corp [NASDAQ: APP] shares were valued at $286.43 at the most recent close of the market. An investor can expect a potential drop of -55.86% 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 269.11 points at the first support level, and at 251.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 297.90, and for the 2nd resistance point, it is at 309.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Applovin Corp [NASDAQ:APP] is 2.41. In addition, the Quick Ratio stands at 2.41 and the Cash Ratio stands at 0.73. Considering the valuation of this stock, the price to sales ratio is 26.38, the price to book ratio is 102.42 and price to earnings (TTM) ratio is 86.67.
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.
