You Should Know These Things About AppLovin Corporation (APP)


As of Friday close, AppLovin Corporation’s (NASDAQ:APP) stock was down -$0.24, moving down -1.74 percent to $13.52. The average number of shares traded per day over the past five days has been 3,428,340 shares. 4 times new highs have been achieved over the past 5 days, with a $1.21 gain in that time frame. In the last twenty days, the average volume was 2,603,905, while in the previous 50 days, it was 3,165,364.

Since last month, APP stock retreated -19.86%. Shares of the company fell to $11.69 on 03/13/23, the lowest level in the past month. A 52-week high of $58.27 was reached on 02/09/23 after having rallying from a 52-week low of $9.14. Since the beginning of this year, APP’s stock price has risen by 28.40% or $2.99, and marked a new high 11 times. However, the stock has declined by -76.80% since its 52-week high.

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APP stock investors should be aware that AppLovin Corporation (APP) stock had its last reported insider trading activity 11 days ago on Mar 07. Valenzuela Victoria, the CLO & Corp. Secretary of the company, disposed of 65,167 shares for $13.41 on Mar 07. It resulted in a $874,007 divestment by the insider. Jansen Katie Kihorany sold 65,155 shares at an average price of $13.78 on Mar 06. The insider now owns 1,564,539 shares following the transaction. On Feb 13, CLO & Corp. Secretary Valenzuela Victoria sold 25,000 shares at $14.77 apiece. The transaction was valued at $369,140.

Financial Health

In the three months ended December 30, AppLovin Corporation’s quick ratio stood at 3.30, while its current ratio was 3.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 1.68, and the total debt-to-equity ratio was 1.71. On the profitability front, the trailing twelve-month gross margin is 55.40% percent. In the year ended December 30, operating margins totaled -1.70%. Based on annual data, APP earned $1.56 billion in gross profit and brought in $2.82 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.70%. Return on equity (ROE) for the past 12 months was -10.00%.

In AppLovin Corporation’s quarter-end financial report for December 30, it reported total debt of $3.18 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. APP’s revenue fell -12.98% to $713.1 million during the quarter, while net income inched up to $702.31 million. While analysts expected AppLovin Corporation to report $0.05 quarterly earnings, the actual figure was -$0.21 per share. During the quarter, the company generated $82.14 million in EBITDA. The liabilities of AppLovin Corporation were 3.95 billion at the end of its most recent quarter ended December 30, and its total debt was $3.29 billion. The value of shareholders’ equity is $376.4 million.

Technical Picture

This quick technical analysis looks at AppLovin Corporation’s (APP) price momentum. With a historical volatility rate of 48.59%, the RSI 9-day stood at 51.21% on 17 March.

With respect to its five-day moving average, the current AppLovin Corporation price is up by +9.83% percent or $1.21. At present, APP shares trade -13.33% below its 20-day simple moving average and -22.83% percent below its 100-day simple moving average. However, the stock is currently trading approximately +24.04% above its SMA50 and -64.52% below its SMA200.

Stochastic coefficient K was 69.57% and Stochastic coefficient D was 55.27%, while ATR was 0.77. Given the Stochastic reading of 70.38% for the 14-day period, the RSI (14) reading has been calculated as 50.71%. As of today, the MACD Oscillator reading stands at 0.53, while the 14-day reading stands at 0.34.

Analyst Ratings

AppLovin Corporation downgraded its rating on AppLovin Corporation (NASDAQ: APP) to a Neutral in a note to investors on February 23, 2023. The analysts firm previously had a Buy rating on the stock.AppLovin Corporation (APP) has been rated Overweight by analysts. According to 1 brokerage firm, APP is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate AppLovin Corporation stock as buy, with 12 recommending it as overweight.

With a median target price of $19.50, the current consensus forecast for the stock is $9.00 – $46.00. Based on these forecasts, analysts predict AppLovin Corporation (APP) will achieve an average price target of $20.44.


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