A share price of Applovin Corp [APP] is currently trading at $401.50, up 5.92%. 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 19.23% over the last week, with a monthly amount glided 138.21%, 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 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 experienced fluctuations in its stock price throughout the past year between $35.79 and $397.47. Currently, Wall Street analysts expect the stock to reach $215 within the next 12 months. Applovin Corp [NASDAQ: APP] shares were valued at $401.50 at the most recent close of the market. An investor can expect a potential drop of -46.45% 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 380.45 points at the first support level, and at 359.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 420.09, and for the 2nd resistance point, it is at 438.68.
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 33.27, the price to book ratio is 143.57 and price to earnings (TTM) ratio is 121.48.
Transactions by insiders
Recent insider trading involved ALYSSA HARVEY DAWSON, Director, that happened on Dec 06 ’24 when 500.0 shares were purchased. CLO & Corp. Secretary, Valenzuela Victoria completed a deal on Dec 03 ’24 to sell 17925.0 shares. Meanwhile, Director Georgiadis Mary Margaret Hasti sold 30500.0 shares on Nov 29 ’24.
