In the latest trading session,, 0.95 million Applovin Corp (NASDAQ:APP) shares changed hands as the company’s beta touched 1.86. With the company’s most recent per share price at $75.40 changed hands at -$1.69 or -2.19% at last look, the market valuation stands at $24.80B. APP’s current price is a discount, trading about -5.5% off its 52-week high of $79.55. The share price had its 52-week low at $17.20, which suggests the last value was 77.19% up since then. When we look at Applovin Corp’s average trading volume, we note the 3-month average coming to 4.36 million.
Applovin Corp (NASDAQ:APP) trade information
Instantly APP was in red as seen in intraday trades today. With action 8.12%, the performance over the past five days has been green. The drop to weekly highs of 78.28 subtracted -2.19% to the stock’s daily price. The company’s shares are showing year-to-date upside of 89.21%, with the 5-day performance at 8.12% in the green. However, in the 30-day time frame, Applovin Corp (NASDAQ:APP) is -1.46% down.
Applovin Corp (APP) estimates and forecasts
Data shows that the Applovin Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 91.27% over the past 6 months, a 159.18% in annual growth rate that is considerably higher than the industry average of 20.60%. Year-over-year growth is forecast to reach 24.70% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 974.36M. 15 analysts are of the opinion that Applovin Corp’s revenue for the current quarter will be 1.01B. The company’s revenue for the corresponding quarters a year ago was 715.4M and 750.16M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 36.20%. The estimates for the next quarter sales put growth at 34.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 46.35%. The 2024 estimates are for Applovin Corp earnings to increase by 159.31%, but the outlook for the next 5-year period is at 20.00% per year.
