In today’s recent session, 1.1 million shares of the Applovin Corp (NASDAQ:APP) have been traded, and its beta is 1.86. Most recently the company’s share price was $69.77, and it changed around -$1.41 or -1.99% from the last close, which brings the market valuation of the company to $23.86B. APP at last check was trading at a discount to its 52-week high of $79.55, offering almost -14.02% off that amount. The share price’s 52-week low was $15.41, which indicates that the recent value has risen by an impressive 77.91% since then. We note from Applovin Corp’s average daily trading volume that its 3-month average coming to 4.36 million.
Applovin Corp (NASDAQ:APP) trade information
Instantly APP has been showing red trend so far today with a performance of -1.99% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 75.08% year-to-date, but still down -1.59% over the last five days. On the other hand, Applovin Corp (NASDAQ:APP) is -3.90% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $68.33, which translates to bulls needing to decrease their stock price by -2.11% from its current value. Analyst projections state that APP is forecast to be at a low of $14 and a high of $118.
Applovin Corp (APP) estimates and forecasts
Applovin Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 85.36 percent over the past six months and at a 154.08% annual growth rate that is well above the industry average of 18.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 5,800.00% in revenue this quarter, and will report an increase of 177.30% in the next quarter. The year-over-year growth rate is expected to be 24.60%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $974.01 million in revenue for the current quarter. 15 analysts expect Applovin Corp to make $1 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $715.4 million and $750.16 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 36.10%. Forecasts for the next quarter put sales growth at 34.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 46.35%. Applovin Corp earnings are expected to increase by 157.27% in 2024, but the outlook is positive 20.00% per year for the next five years.
