Market cap of AppLovin Corporation [APP] reaches 35.25B – now what?



AppLovin Corporation [NASDAQ: APP] stock went on an upward path that rose over 1.50% on Wednesday, amounting to a one-week price decrease of less than -10.53%. The company report on November 22, 2021 that AppLovin to Participate in Credit Suisse 25th Annual Technology Conference.

AppLovin Corporation (NASDAQ: APP), a leading marketing software company, announced that Adam Foroughi, Co-founder and Chief Executive Officer, will participate in a fireside chat at the Credit Suisse 25th Annual Technology Conference on Wednesday, December 1, 2021 at 10:40 a.m. PT / 1:40 p.m. ET. The event will take place at The Phoenician Resort in Scottsdale, Arizona. AppLovin’s fireside chat will be livestreamed and a recording will be available at its investor relations website shortly after the event concludes.

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About AppLovin.

The one-year AppLovin Corporation stock forecast points to a potential upside of 16.83. The average equity rating for APP stock is currently 1.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $35.25 billion, with 368.43 million shares outstanding and 74.17 million shares in the current float. Compared to the average trading volume of 1.70M shares, APP stock reached a trading volume of 862637 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on AppLovin Corporation [APP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APP shares is $113.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APP stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for AppLovin Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 27, 2021. While these analysts kept the previous recommendation, Stifel raised their target price from $65 to $90. The new note on the price target was released on September 09, 2021, representing the official price target for AppLovin Corporation stock. Previously, the target price had yet another raise to $90, while Macquarie analysts kept a Outperform rating on APP stock. On August 17, 2021, analysts decreased their price target for APP shares from 68 to 60.

The Average True Range (ATR) for AppLovin Corporation is set at 6.33, with the Price to Sales ratio for APP stock in the period of the last 12 months amounting to 13.54. The Price to Book ratio for the last quarter was 16.96, with the Price to Cash per share for the same quarter was set at 2.81. Price to Free Cash Flow for APP in the course of the last twelve months was 104.41 with Quick ratio for the last quarter at 2.90.

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 -10.53. With this latest performance, APP shares gained by 0.33% in over the last four-week period, additionally plugging by 35.36% over the last 6 months.

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 46.83, with the RSI for the last a single of trading hit 42.03, and the three-weeks RSI is set at 50.02 for AppLovin Corporation [APP]. The present Moving Average for the last 50 days of trading for this stock 89.97, while it was recorded at 96.43 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 2.90 and a Current Ratio set at 2.90.

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AppLovin Corporation [APP] Insider Position Details

There are presently around $13,753 million, or 17.10% of APP stock, in the hands of institutional investors. The top three institutional holders of APP stocks are: KOHLBERG KRAVIS ROBERTS & CO. L.P. with ownership of 108,050,489, which is approximately 0% of the company’s market cap and around 26.50% of the total institutional ownership; SPRUCE HOUSE INVESTMENT MANAGEMENT LLC, holding 5,000,000 shares of the stock with an approximate value of $471.6 million in APP stocks shares; and BLACKROCK INC., currently with $379.56 million in APP stock with ownership of nearly 39.396% of the company’s market capitalization.

Positions in AppLovin Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 94 institutional holders increased their position in AppLovin Corporation [NASDAQ:APP] by around 15,808,245 shares. Additionally, 33 investors decreased positions by around 3,684,335 shares, while 16 investors held positions by with 126,316,874 shares. The mentioned changes placed institutional holdings at 145,809,454 shares, according to the latest SEC report filing. APP stock had 53 new institutional investments in for a total of 4,711,957 shares, while 17 institutional investors sold positions of 2,288,006 shares during the same period.



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