Applovin Corp (NASDAQ:APP)’s traded shares stood at 1.69 million during the latest session, with the company’s beta value hitting 1.85. At the last check today, the stock’s price was $109.65, to imply an increase of 3.83% or $4.04 in intraday trading. The APP share’s 52-week high remains $106.45, putting it 2.92% up since that peak but still an impressive 68.58% since price per share fell to its 52-week low of $34.45. The company has a valuation of $36.65B, with an average of 4.54 million shares in intraday trading volume over the past 10 days and average of 3.68 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Applovin Corp (APP), translating to a mean rating of 1.75. Of 21 analyst(s) looking at the stock, 1 analyst(s) give APP a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 13 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.92.
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Applovin Corp (NASDAQ:APP) trade information
After registering a 3.83% upside in the latest session, Applovin Corp (APP) has traded red over the past five days. The 5-day price performance for the stock is 29.66%, and 29.55% over 30 days. With these gigs, the year-to-date price performance is 175.16%. Short interest in Applovin Corp (NASDAQ:APP) saw shorts transact 15.25 million shares and set a 3.91 days time to cover.
The extremes give us $36 and $150 for target low and target high price respectively. As such, APP has been trading -36.8% off suggested target high and 67.17% from its likely low.
Applovin Corp (APP) estimates and forecasts
Looking at statistics comparing Applovin Corp share performance against respective industry, we note that the company has outperformed competitors. Applovin Corp (APP) shares are 73.52% up over the last 6 months, with its year-to-date growth rate higher than industry average at 253.06% against 18.00%. Revenue is forecast to grow 206.70% this quarter before jumping 95.90% for the next one. The rating firms project that company’s revenue will grow 35.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 14 analysts is 1.13B. Meanwhile, for the current quarter, a total of 14 analyst(s) estimate revenue growth to 1.17B.Earnings reports from the last fiscal year show that sales brought in 864.26M and 953.26M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 30.70% before jumping 23.20% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 46.35% for the past 5-year period. While 2024 is set for a 244.06% return in earnings, projections for the next 5 years are at 20.00% annually.
APP Dividends
Applovin Corp has its next earnings report out on 2024-Nov-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Applovin Corp (NASDAQ:APP)’s Major holders
Applovin Corp insiders hold 27.69% of total outstanding shares, with institutional holders owning 61.39% of the shares at 84.89% float percentage. In total, 61.39% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 19.1 million shares (or 5.689% of shares), all amounting to roughly $1.59 billion.
The next major institution holding the largest number of shares is GQG PARTNERS LLC with 13.29 million shares, or about 3.9575% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.11 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Applovin Corp (APP) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 6.05 shares. This is just over 2.04% of the total shares, with a market valuation of $661.05 million. Data from the same date shows that the other fund manager holds a little less at 4.82, or 1.62% of the shares, all valued at about 526.6 million.
