Applovin Corp [NASDAQ: APP] plunged by -$24.92 during the normal trading session on while it closed the day at $330.01.
Applovin Corp stock has also loss -1.60% of its value over the past 7 days. However, APP stock has inclined by 135.80% in the 3 months of the year. Over the past six months meanwhile, it has gained 289.57% and gained 1.91% year-on date.
The market cap for APP stock reached $110.75 billion, with 298.56 million shares outstanding and 207.21 million shares in the current float. Compared to the average trading volume of 5.74M shares, APP reached a trading volume of 6608496 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $360.86 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 1.60. 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.
Piper Sandler have made an estimate for Applovin Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 20, 2024. While these analysts kept the previous recommendation, Daiwa Securities dropped their target price from $80 to $280. The new note on the price target was released on November 08, 2024, representing the official price target for Applovin Corp stock. Previously, the target price had yet another raise to $200, while Wells Fargo analysts kept a Overweight rating on APP stock.
The Average True Range (ATR) for Applovin Corp is set at 22.71, with the Price to Sales ratio for APP stock in the period of the last 12 months amounting to 25.82. The Price to Book ratio for the last quarter was 118.00, with the Price to Cash per share for the same quarter was set at 1.69. Price to Free Cash Flow for APP in the course of the last twelve months was 63.58 with Quick ratio for the last quarter at 2.41.
APP stock trade performance evaluation
Applovin Corp [APP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.60. With this latest performance, APP shares dropped by -12.94% in over the last four-week period, additionally plugging by 289.57% over the last 6 months – not to mention a rise of 765.93% 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 50.56, with the RSI for the last a single of trading hit 46.24, and the three-weeks RSI is set at 54.07 for Applovin Corp [APP]. The present Moving Average for the last 50 days of trading for this stock 299.07, while it was recorded at 340.24 for the last single week of trading, and 143.24 for the last 200 days.
Applovin Corp [APP]: An insightful look at the core fundamentals
Applovin Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.41 and a Current Ratio set at 2.41.
Earnings per share (EPS) analysis for Applovin Corp [APP] stock
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 25.00%.
Applovin Corp [APP]: Institutional Ownership
There are presently around $65.96%, or 90.15%% of APP stock, in the hands of institutional investors. The top three institutional holders of APP stocks are: VANGUARD GROUP INC with ownership of 19.1 million shares, which is approximately 5.689%. GQG PARTNERS LLC, holding 13.29 million shares of the stock with an approximate value of $$1.11 billion in APP stocks shares; and GQG PARTNERS LLC, currently with $$1.09 billion in APP stock with ownership which is approximately 3.8865%.
