Appian Corp [APPN] stock prices are up 3.52% to $34.70 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The APPN shares have gain 5.79% over the last week, with a monthly amount drifted -0.20%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Scotiabank started tracking the stock with Sector Perform rating on January 06, 2025, and set its price target to $37. On August 02, 2024, downgrade downgraded it’s rating to Sector Weight. William Blair downgraded its rating to a Mkt Perform. DA Davidson downgraded its rating to a Neutral and reduced its price target to $33 on July 31, 2024. Citigroup upgraded its rating to Buy for this stock on January 11, 2024, and downed its price target to $45. In a note dated November 07, 2023, DA Davidson upgraded an Buy rating on this stock and boosted its target price from $50 to $55.
The stock price of Appian Corp [APPN] has been fluctuating 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 $34.70 at the most recent close of the market. An investor can expect a potential drop of -10.66% based on the average APPN price forecast.
Analyzing the APPN fundamentals
The Appian Corp [NASDAQ:APPN] reported sales of 595.66M for trailing twelve months, representing a surge 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 -6.42.
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 33.14 points at the first support level, and at 31.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.81, and for the 2nd resistance point, it is at 36.91.
Ratios To Look Out For
It’s worth pointing out that Appian Corp [NASDAQ:APPN]’s Current Ratio is 1.09. Also, the Quick Ratio is 1.09, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 4.30.
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.
