AppLovin Corporation [APP] Revenue clocked in at $2.92 billion, down -81.35% YTD: What’s Next?

AppLovin Corporation [NASDAQ: APP] slipped around -0.41 points on Thursday, while shares priced at $17.58 at the close of the session, down -2.28%. The company report on October 27, 2022 that Adjust and Liftoff: Digital Payments Continue Driving Overall FinTech App Session Growth in Japan.

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New Japan Mobile App Trends 2022 report shows payment app sessions account for nearly 75% of total fintech sessions from 2021 through H1 2022.

Adjust, the mobile marketing analytics platform, and Liftoff, a leading growth acceleration platform for the mobile industry, today released Japan Mobile App Trends 2022: Essential App Performance Benchmarks and Insights, a deep dive into the performance analytics on mobile gaming, e-commerce, fintech and dating apps, as well as CTV, in Japan. The joint report finds that fintech charted the highest session growth of all app categories during the first half (H1) of 2022, increasing 13% year-over-year (YoY).

AppLovin Corporation stock is now -81.35% down from its year-to-date (YTD) trading value. APP Stock saw the intraday high of $18.84 and lowest of $17.51 per share. The company’s 52-week high price is 116.09, which means current price is +6.77% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 2.65M shares, APP reached a trading volume of 2429411 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $48.71 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.

Wedbush have made an estimate for AppLovin Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 14, 2022. While these analysts kept the previous recommendation, Needham raised their target price to Hold. The new note on the price target was released on October 07, 2022, representing the official price target for AppLovin Corporation stock. Previously, the target price had yet another raise to $35, while Morgan Stanley analysts kept a Overweight rating on APP stock.

The Average True Range (ATR) for AppLovin Corporation is set at 1.27, with the Price to Sales ratio for APP stock in the period of the last 12 months amounting to 2.27. The Price to Book ratio for the last quarter was 3.45, with the Price to Cash per share for the same quarter was set at 2.53. Price to Free Cash Flow for APP in the course of the last twelve months was 23.34 with Quick ratio for the last quarter at 2.80.

How has APP stock performed recently?

AppLovin Corporation [APP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.24. With this latest performance, APP shares dropped by -17.74% in over the last four-week period, additionally sinking by -55.11% over the last 6 months – not to mention a drop of -81.48% in the past year of trading.

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 37.73, with the RSI for the last a single of trading hit 39.05, and the three-weeks RSI is set at 37.60 for AppLovin Corporation [APP]. The present Moving Average for the last 50 days of trading for this stock 22.06, while it was recorded at 17.91 for the last single week of trading, and 40.55 for the last 200 days.

AppLovin Corporation [APP]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and AppLovin Corporation [APP] shares currently have an operating margin of +5.37 and a Gross Margin at +63.81. AppLovin Corporation’s Net Margin is presently recorded at +1.14.

Return on Equity for this stock inclined to 3.20, with Return on Assets sitting at 0.76.

AppLovin Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 2.80.

Insider trade positions for AppLovin Corporation [APP]

There are presently around $2,502 million, or 49.50% 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 60,735,000, which is approximately 0% of the company’s market cap and around 5.20% of the total institutional ownership; VANGUARD GROUP INC, holding 14,272,762 shares of the stock with an approximate value of $250.91 million in APP stocks shares; and BLACKROCK INC., currently with $204.8 million in APP stock with ownership of nearly 103.701% of the company’s market capitalization.

168 institutional holders increased their position in AppLovin Corporation [NASDAQ:APP] by around 29,219,632 shares. Additionally, 85 investors decreased positions by around 17,863,067 shares, while 22 investors held positions by with 95,262,587 shares. The mentioned changes placed institutional holdings at 142,345,286 shares, according to the latest SEC report filing. APP stock had 93 new institutional investments in for a total of 10,534,764 shares, while 42 institutional investors sold positions of 6,759,997 shares during the same period.


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