A share price of Applovin Corp [APP] is currently trading at $298.00, up 2.37%. An important factor to consider is whether the stock is rising or falling in short-term value. The APP shares have gain 4.04% over the last week, with a monthly amount glided 105.21%, 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 $302.55. Currently, Wall Street analysts expect the stock to reach $126.43 within the next 12 months. Applovin Corp [NASDAQ: APP] shares were valued at $298.00 at the most recent close of the market. An investor can expect a potential drop of -57.57% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.74.
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 289.36 points at the first support level, and at 280.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 304.52, and for the 2nd resistance point, it is at 311.04.
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 23.85, the price to book ratio is 106.56 and price to earnings (TTM) ratio is 90.17.
Transactions by insiders
Recent insider trading involved Jansen Katie Kihorany, Chief Marketing Officer, that happened on Nov 12 ’24 when 59876.0 shares were sold. Chief Marketing Officer, Jansen Katie Kihorany completed a deal on Nov 13 ’24 to sell 59876.0 shares. Meanwhile, Officer Jansen Katie Kihorany bought 0.12 million shares on Nov 12 ’24.
