AppLovin Corporation [APP] Revenue clocked in at $1.79 billion, up 5.61% YTD: What’s Next?

AppLovin Corporation [NASDAQ: APP] price plunged by -7.33 percent to reach at -$5.45. The company report on May 28, 2021 that AppLovin to Participate in the William Blair Annual Growth Stock Conference.

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AppLovin Corporation, (NASDAQ: APP) (“AppLovin” or the “Company”) a global technology platform that provides developers a unified set of tools to grow their business, announced that Adam Foroughi, Co-founder and Chief Executive Officer, and Herald Chen, President and Chief Financial Officer, will participate in a fireside chat at the William Blair Annual Growth Stock Conference on Wednesday June 2 at 7:20 AM (PT) / 10:20 AM (ET). Access to a live webcast and replay of the fireside chat will be available at its investor relations website.

About AppLovin.

A sum of 1013261 shares traded at recent session while its average daily volume was at 1.60M shares. AppLovin Corporation shares reached a high of $74.72 and dropped to a low of $67.67 until finishing in the latest session at $68.86.

Guru’s Opinion on AppLovin Corporation [APP]:

Citigroup have made an estimate for AppLovin Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 11, 2021. The new note on the price target was released on May 10, 2021, representing the official price target for AppLovin Corporation stock. Previously, the target price had yet another raise to $75, while UBS analysts kept a Buy rating on APP stock.

The Average True Range (ATR) for AppLovin Corporation is set at 4.19, with the Price to Sales ratio for APP stock in the period of the last 12 months amounting to 13.12.

APP Stock Performance Analysis:

AppLovin Corporation [APP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.06.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APP stock in for the last two-week period is set at 56.49, with the RSI for the last a single of trading hit 57.54, and the three-weeks RSI is set at 53.65 for AppLovin Corporation [APP], while it was recorded at 70.28 for the last single week of trading.

Insight into AppLovin Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and AppLovin Corporation [APP] shares currently have an operating margin of +1.42 and a Gross Margin at +60.91. AppLovin Corporation’s Net Margin is presently recorded at -8.63.

Return on Total Capital for APP is now 1.66, given the latest momentum, and Return on Invested Capital for the company is -10.32. Additionally, APP Total Debt to Total Capital is recorded at 110.30, with Total Debt to Total Assets ending up at 78.82.

Reflecting on the efficiency of the workforce at the company, AppLovin Corporation [APP] managed to generate an average of -$138,788 per employee. Receivables Turnover for the company is 6.33 with a Total Asset Turnover recorded at a value of 0.86.AppLovin Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.

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