In the last trading session, 9.42 million shares of the Applovin Corp (NASDAQ:APP) were traded, and its beta was 1.85. Most recently the company’s share price was $123.64, and it changed around $7.39 or 6.36% from the last close, which brings the market valuation of the company to $41.33B. APP currently trades at a discount to its 52-week high of $116.97, offering almost 5.39% off that amount. The share price’s 52-week low was $34.45, which indicates that the current value has risen by an impressive 72.14% since then. We note from Applovin Corp’s average daily trading volume that its 10-day average is 5.79 million shares, with the 3-month average coming to 3.83 million.
Applovin Corp stock received a consensus recommendation rating of Overweight, based on a mean score of 1.67. If we narrow it down even further, the data shows that 1 out of 22 analysts rate the stock as a Sell; another 9 rate it as Overweight. Among the rest, 7 recommended APP as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Applovin Corp is expected to report earnings per share of 0.92 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Applovin Corp (NASDAQ:APP) trade information
Instantly APP has showed a green trend with a performance of 6.36% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 124.76 on recent trading dayincreased the stock’s daily price by 0.9%. The company’s shares are currently up 210.26% year-to-date, but still up 43.38% over the last five days. On the other hand, Applovin Corp (NASDAQ:APP) is 43.18% up in the 30-day period. We can see from the shorts that 15.25 million shares have been sold at a short interest cover period of 3.91 day(s).
The consensus price target as assigned by Wall Street analysts is $80, which translates to bulls needing to decrease their stock price by -54.55% from its current value. Analyst projections state that APP is forecast to be at a low of $36 and a high of $150.
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 81.42 percent over the past six months and at a 253.06% annual growth rate that is well above the industry average of 18.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 206.70% in revenue this quarter, and will report an increase of 98.00% in the next quarter. The year-over-year growth rate is expected to be 35.00%, up from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of 1.13B in revenue for the current quarter. 14 analysts expect Applovin Corp to make 1.17B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 864.26M and 953.26M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 30.70%. Forecasts for the next quarter put sales growth at 23.20%.
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 246.16% in 2024, but the outlook is positive 20.00% per year for the next five years.
APP Dividends
Applovin Corp’s next quarterly earnings report is expected to be released in October.
Applovin Corp (NASDAQ:APP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 27.69% of Applovin Corp shares, and 61.39% of them are in the hands of institutional investors. The stock currently has a share float of 84.89%. Applovin Corp stock is held by 843.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 5.689% of the shares, which is about 19.1 million shares worth $1.59 billion.
GQG PARTNERS LLC, with 3.9575% or 13.29 million shares worth $1.11 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
