Applovin Corp [NASDAQ: APP] loss -3.19% or -2.51 points to close at $76.17 with a heavy trading volume of 4125474 shares.
The daily chart for APP points out that the company has recorded 75.87% gains over the past six months.
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If we look at the average trading volume of 4.21M shares, APP reached to a volume of 4125474 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Applovin Corp [APP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APP shares is $96.82 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 1.74. 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.
Jefferies have made an estimate for Applovin Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 02, 2024. While these analysts kept the previous recommendation, Daiwa Securities raised their target price to Neutral. The new note on the price target was released on April 15, 2024, representing the official price target for Applovin Corp stock. Previously, the target price had yet another raise to $53.20, while HSBC Securities analysts kept a Buy rating on APP stock. On August 22, 2023, analysts increased their price target for APP shares from 20 to 50.
The Average True Range (ATR) for Applovin Corp is set at 3.81, with the Price to Sales ratio for APP stock in the period of the last 12 months amounting to 6.91. The Price to Book ratio for the last quarter was 32.96, with the Price to Cash per share for the same quarter was set at 1.33. Price to Free Cash Flow for APP in the course of the last twelve months was 21.58 with Quick ratio for the last quarter at 2.11.
Trading performance analysis for APP stock
Applovin Corp [APP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.88. With this latest performance, APP shares dropped by -6.21% in over the last four-week period, additionally plugging by 75.87% over the last 6 months – not to mention a rise of 165.96% 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 38.93, with the RSI for the last a single of trading hit 33.15, and the three-weeks RSI is set at 42.91 for Applovin Corp [APP]. The present Moving Average for the last 50 days of trading for this stock 81.97, while it was recorded at 80.74 for the last single week of trading, and 59.45 for the last 200 days.
Applovin Corp [APP]: A deeper dive into fundamental analysis
Applovin Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.11 and a Current Ratio set at 2.11.
Applovin Corp [APP]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Applovin Corp go to 20.00%.
An analysis of Institutional ownership at Applovin Corp [APP]
The top three institutional holders of APP stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in APP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in APP stock with ownership which is approximately 5.1238%.
