At the time of writing, Applovin Corp [APP] stock is trading at $337.89, down -1.76%. 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 5.24% over the last week, with a monthly amount glided 16.08%, 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.
For the past year, the stock price of Applovin Corp fluctuated between $37.40 and $417.64. Currently, Wall Street analysts expect the stock to reach $224.58 within the next 12 months. Applovin Corp [NASDAQ: APP] shares were valued at $337.89 at the most recent close of the market. An investor can expect a potential drop of -33.53% based on the average APP price forecast.
Analyzing the APP fundamentals
According to Applovin Corp [NASDAQ:APP], the company’s sales were 4.29B for trailing twelve months, which represents an 38.64% jump. 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 324.75 points at the first support level, and at 311.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 346.75, and for the 2nd resistance point, it is at 355.61.
Ratios To Look Out For
It is important to note that Applovin Corp [NASDAQ:APP] has a current ratio of 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 26.43, the price to book ratio is 120.82 and price to earnings (TTM) ratio is 102.24.
Transactions by insiders
Recent insider trading involved Chen Herald Y, Director, that happened on Dec 12 ’24 when 99000.0 shares were sold. Director, Chen Herald Y completed a deal on Dec 11 ’24 to sell 100000.0 shares. Meanwhile, Director Chen Herald Y sold 17649.0 shares on Dec 10 ’24.
