Applovin Corp [APP] stock is trading at $366.55, up 7.62%. An important factor to consider is whether the stock is rising or falling in short-term value. The APP shares have gain 14.69% over the last week, with a monthly amount glided 124.15%, 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 November 20, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $400. Previously, Daiwa Securities upgraded its rating to Outperform on November 08, 2024, and elevated its price target to $280. On October 29, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $200 on the stock. Loop Capital started tracking the stock assigning a Buy rating and suggested a price target of $181 on October 22, 2024. Goldman downgraded its rating to a Neutral and raised its price target to $150 on October 14, 2024. UBS upgraded its rating to Buy for this stock on September 17, 2024, and upped its price target to $145.
Applovin Corp [APP] stock has fluctuated between $35.79 and $347.60 over the past year. Currently, Wall Street analysts expect the stock to reach $138.86 within the next 12 months. Applovin Corp [NASDAQ: APP] shares were valued at $366.55 at the most recent close of the market. An investor can expect a potential drop of -62.12% based on the average APP price forecast.
Analyzing the APP fundamentals
Applovin Corp [NASDAQ:APP] reported sales of 4.29B for the trailing twelve months, which represents a growth of 38.64%. 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 345.51 points at the first support level, and at 324.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 380.08, and for the 2nd resistance point, it is at 393.61.
Ratios To Look Out For
For context, Applovin Corp’s Current Ratio 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 28.68, the price to book ratio is 131.07 and price to earnings (TTM) ratio is 110.91.
Transactions by insiders
Recent insider trading involved Georgiadis Mary Margaret Hasti, Director, that happened on Nov 29 ’24 when 30500.0 shares were sold. Officer, Valenzuela Victoria completed a deal on Dec 03 ’24 to buy 17925.0 shares. Meanwhile, Director Harvey Dawson Alyssa sold 3000.0 shares on Nov 27 ’24.
