Applovin Corp (NASDAQ:APP) has a beta value of 1.92 and has seen 1.15 million shares traded in the recent trading session. The company, currently valued at $46.71B, closed the recent trade at $139.75 per share which meant it lost -$4.06 on the day or -2.82% during that session. The APP stock price is -6.25% off its 52-week high price of $148.48 and 75.35% 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 3.81 million shares traded. The 3-month trading volume is 4.13 million shares.
The consensus among analysts is that Applovin Corp (APP) is Buy stock at the moment, with a recommendation rating of 1.75. 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 0.93.
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Applovin Corp (NASDAQ:APP) trade information
Sporting -2.82% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the APP stock price touched $139.75 or saw a rise of 5.88%. Year-to-date, Applovin Corp shares have moved 250.69%, while the 5-day performance has seen it change -2.55%. Over the past 30 days, the shares of Applovin Corp (NASDAQ:APP) have changed 13.03%. Short interest in the company has seen 20.6 million shares shorted with days to cover at 3.8.
Wall Street analysts have a consensus price target for the stock at $85, which means that the shares’ value could drop -64.41% from the levels at last check today. The projected low price target is $36.0 while the price target rests at a high of $150.0. In that case, then, we find that the latest price level in today’s session is -7.33% off the targeted high while a plunge would see the stock lose 74.24% 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 97.11% over the past 6 months, with this year growth rate of 253.06%, compared to 18.90% for the industry. Revenue growth from the last financial year stood is estimated to be 35.00%.
15 analysts offering their estimates for the company have set an average revenue estimate of 1.13B for the current quarter. 15 have an estimated revenue figure of 1.18B 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 30.80% for the current quarter and 35.00% 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 250.71% while over the next 5 years, the company’s earnings are expected to increase by 33.40%.
APP Dividends
Applovin Corp is expected to release its next earnings report on 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 27.69% of the company shares, while shares held by institutions stand at 60.87% with a share float percentage of 84.17%. Investors are also buoyed by the number of investors in a company, with Applovin Corp having a total of 861.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 19.1 million shares worth more than $1.59 billion. As of 2024-06-30, VANGUARD GROUP INC held 5.689% of shares outstanding.
The other major institutional holder is GQG PARTNERS LLC, with the holding of over 13.29 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.11 billion and represent 3.9575% 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 Jun 30, 2024, the former fund manager holds about 2.04% shares in the company for having 6.05 shares of worth $847.08 million while later fund manager owns 4.82 shares of worth $674.79 million as of Jun 30, 2024, which makes it owner of about 1.62% of company’s outstanding stock.
