Applovin Corp (NASDAQ:APP) has a beta value of 1.85 and has seen 1.1 million shares traded in the recent trading session. The company, currently valued at $26.26B, closed the recent trade at $78.57 per share which meant it gained $3.81 on the day or 5.10% during that session. The APP stock price is -16.98% off its 52-week high price of $91.91 and 56.15% above the 52-week low of $34.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.79 million shares traded. The 3-month trading volume is 4.11 million shares.
The consensus among analysts is that Applovin Corp (APP) is Buy stock at the moment, with a recommendation rating of 1.74. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 21 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.88.
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Applovin Corp (NASDAQ:APP) trade information
Sporting 5.10% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the APP stock price touched $78.57 or saw a rise of 0.92%. Year-to-date, Applovin Corp shares have moved 97.18%, while the 5-day performance has seen it change 13.88%. Over the past 30 days, the shares of Applovin Corp (NASDAQ:APP) have changed -10.64%. Short interest in the company has seen 14.39 million shares shorted with days to cover at 5.2.
Wall Street analysts have a consensus price target for the stock at $77.5, which means that the shares’ value could drop -1.38% from the levels at last check today. The projected low price target is $14.0 while the price target rests at a high of $118.0. In that case, then, we find that the latest price level in today’s session is -50.18% off the targeted high while a plunge would see the stock lose 82.18% from the levels at last check today.
Applovin Corp (APP) estimates and forecasts
Figures show that Applovin Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 66.97% over the past 6 months, with this year growth rate of 255.10%, compared to 14.40% for the industry. Revenue growth from the last financial year stood is estimated to be 34.10%.
15 analysts offering their estimates for the company have set an average revenue estimate of 1.12B for the current quarter. 15 have an estimated revenue figure of 1.15B for the next ending quarter. Year-ago sales stood 864.26M and 953.26M respectively for this quarter and the next, and analysts expect sales will grow by 29.10% for the current quarter and 34.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 46.35% over the past 5 years. Earnings growth for 2024 is a modest 237.04% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
APP Dividends
Applovin Corp is expected to release its next earnings report 2024-Nov-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Applovin Corp (NASDAQ:APP)’s Major holders
Insiders own 27.64% of the company shares, while shares held by institutions stand at 55.51% with a share float percentage of 76.72%. Investors are also buoyed by the number of investors in a company, with Applovin Corp having a total of 791.0 institutions that hold shares in the company. The top two institutional holders are GQG PARTNERS LLC with over 22.65 million shares worth more than $1.57 billion. As of 2024-03-31, GQG PARTNERS LLC held 6.7172% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 14.71 million shares as of 2024-03-31. The firm’s total holdings are worth over $1.02 billion and represent 4.363% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Mar 31, 2024, the former fund manager holds about 1.42% shares in the company for having 4.23 shares of worth $333.53 million while later fund manager owns 3.43 shares of worth $270.59 million as of Mar 31, 2024, which makes it owner of about 1.15% of company’s outstanding stock.
