Appian Corp [APPN] stock is trading at $34.74, down -1.05%. An important factor to consider is whether the stock is rising or falling in short-term value. The APPN shares have gain 5.34% over the last week, with a monthly amount drifted -14.54%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Appian Corp [NASDAQ: APPN] stock has seen the most recent analyst activity on January 06, 2025, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $37. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on August 02, 2024. On August 01, 2024, downgrade downgraded it’s rating to Mkt Perform. DA Davidson downgraded its rating to a Neutral and decreased its price target to $33 on July 31, 2024. Citigroup upgraded its rating to a Buy and reduced its price target to $45 on January 11, 2024. DA Davidson upgraded its rating to Buy for this stock on November 07, 2023, and upped its price target to $55. In a note dated June 06, 2023, DA Davidson initiated an Neutral rating and provided a target price of $40 on this stock.
Appian Corp [APPN] stock has fluctuated between $26.28 and $43.33 over the past year. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Appian Corp [NASDAQ: APPN] shares were valued at $34.74 at the most recent close of the market. An investor can expect a potential drop of -10.77% based on the average APPN price forecast.
Analyzing the APPN fundamentals
Appian Corp [NASDAQ:APPN] reported sales of 595.66M for the trailing twelve months, which represents a growth of 12.37%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is 6.72 and Total Capital is -0.3. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -5.08.
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 34.09 points at the first support level, and at 33.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.15, and for the 2nd resistance point, it is at 35.55.
Ratios To Look Out For
For context, Appian Corp’s Current Ratio is 1.09. On the other hand, the Quick Ratio is 1.09, and the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 4.31.
Transactions by insiders
Recent insider trading involved McCarthy William D., Director, that happened on Dec 03 ’24 when 700.0 shares were sold. Director, McCarthy William D. completed a deal on Dec 02 ’24 to buy 700.0 shares. Meanwhile, 10% Owner Abdiel Capital Advisors, LP bought 10265.0 shares on Oct 01 ’24.
