Appian Corporation (NASDAQ:APPN) finished Friday with a subtraction of -$0.81 to close at $32.56, a downside of -2.43 percent. An average of 575,300 shares of common stock have been traded in the last five days. There was a fall of -$1.76 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 477,420 shares traded, while the 50-day average volume stands at 530,156.
APPN stock has decreased by -14.38% in the last month. The company shares reached their 1-month lowest point of $31.18 on 12/28/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $31.18 and a high of $70.41 in 52 weeks. It has reached a new high 2 times so far this year and lost -50.07% or -$32.65 in price. In spite of this, the price is down -53.76% from the 52-week high.
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APPN stock investors should be aware that Appian Corporation (APPN) stock had its last reported insider trading activity 53 days ago on Nov 15. In this transaction, the insider spent $13,693. Director, Lynch Mark Steven, disposed of 6,418 shares at a price of $33.76 on Nov 08. The insider now owns more than $216,672 worth of shares. Prior to that, General Counsel Winters Christopher went on to Sale 4,244 shares at $34.40 each on Nov 08. An amount of $145,994 was transacted.
Appian Corporation (APPN) stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.36, the price-to-book (PB) ratio at 13.62.
The quick ratio of Appian Corporation for the three months ended June 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $265.17 million compared to revenue of $369.26 million.
For the three-month period that ended June 29, Appian Corporation had $40.89 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$44.0 million in the quarter, while revenues of -$49.35 million were grew 42.32%. The analyst consensus anticipated Appian Corporation’s latest quarter earnings to come in at -$0.35 per share, but it turned out to be -$0.46, a -31.40% surprise. For the quarter, EBITDA amounted to -$36.02 million. Shareholders own equity worth $72.55 million.
From a technical analysis perspective, let’s take a brief look at Appian Corporation (APPN) price momentum. RSI 9-day as of the close on 30 December was 33.55%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.62%.
As of today, APPN’s price is $32.70 -5.13% or -$1.76 from its 5-day moving average. APPN is currently trading -14.68% lower than its 20-day SMA and -36.74% lower than its 100-day SMA. However, the stock’s current price level is -19.51% below the SMA50 and -37.49% below the SMA200.
The stochastic %K and %D were 16.06% and 11.80%, respectively, and the average true range (ATR) was 1.78. With the 14-day stochastic at 15.25% and the average true range at 1.92, the RSI (14) stands at 35.53%. The stock has reached -0.81 on the 9-day MACD Oscillator while the 14-day reading was at -2.10.
SMBC Nikko launched coverage on Appian Corporation (NASDAQ: APPN) in its analyst report released on December 21, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Appian Corporation (APPN) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell APPN, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is APPN’s price target for the next 12 months?
Analysts predict a range of price targets between $30.00 and $55.00, with a median target of $43.50. Taking a look at these predictions, the average price target given by analysts for Appian Corporation (APPN) stock is $44.33.