Applovin Corp (NASDAQ:APP) saw an upside of 1.17% to close Monday at $38.20 after adding $0.44 on the day. The 5-day average trading volume is 3,295,140 shares of the company’s common stock. It has gained $43.79 in the past week and touched a new high 1 time within the past 5 days. An average of 2,869,960 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,904,852.
APP’s 1-month performance is -2.82% or -$1.56 on its low of $37.12 reached on 09/25/23. The company’s shares have touched a 52-week low of $9.14 and high of $44.89, with the stock’s rally to the 52-week high happening on 09/18/23. YTD, APP has achieved 262.77% or $27.67 and has reached a new high 45 times. However, the current price is down -14.90% from the 52-week high price.
Insider Transactions
APP stock investors last saw insider trading activity on Sep 13.Vivas Eduardo (Director) most recently sold 377,318 shares at $41.15 per share on Sep 13. This transaction cost the insider $15,525,113. Director, Vivas Eduardo, sold 1,196 shares at a price of $41.15 on Sep 13. Then, on Sep 12, Director Vivas Eduardo sold 474,357 shares at a price of $41.76 per share. This transaction amounted to $19,809,148.
Valuation Metrics
APP stock has a beta of 1.85. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.61 while the price-to-book (PB) in the most recent quarter is 8.77, with the price to cash flow ratio at 15.34.
Applovin Corp’s quick ratio for the period ended June 29 was 2.87, with the current ratio over the same period at 2.87. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.12, while the total debt to equity was 2.15. In terms of profitability, the gross margin trailing 12 months is 56.34%. The trailing 12-month EBITDA margin is 24.71% while for the period ending June 29, Applovin Corp’s operating margin was 7.99%. The firm’s gross profit as reported stood at $1.56 billion against revenue of $2.82 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 127.17% to $80.04 million, while revenue of -$4.52 million was 105.65% off the previous quarter. Analysts expected APP to announce $0.07 per share in earnings in its latest quarter, but it posted $0.22, representing a 214.30% surprise. EBITDA for the quarter stood at more than $254.55 million. APP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.96 billion, with total debt at $3.27 billion. Shareholders hold equity totaling $347.8 million.
Let’s look briefly at Applovin Corp (APP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 36.65% to suggest the stock is trending Neutral, with historical volatility in this time period at 61.60%.
The stock’s 5-day moving average is $38.69, reflecting a -13.20% or -$5.81 change from its current price. APP is currently trading -3.92% above its 20-day SMA, +134.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +35.70% and SMA200 by+244.14%.
Stochastic %K and %D was 6.89% and 5.90% and the average true range (ATR) pointed at 1.71. The RSI (14) points at 44.32%, while the 14-day stochastic is at 13.90% with the period’s ATR at 1.66. The stock’s 9-day MACD Oscillator is pointing at -2.28 and -2.91 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Applovin Corp (NASDAQ: APP), Jefferies upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for APP stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate APP as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 14 have offered a “buy” rating.
What is APP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $22.00 and a high of $57.00, with their median price target at $45.00. Looking at these predictions, the average price target given by analysts is for Applovin Corp (APP) stock is $43.84.
