During the recent session, Applovin Corp (NASDAQ:APP)’s traded shares were 2.24 million, with the beta value of the company hitting 2.13. At the last check today, the stock’s price was $310.30, reflecting an intraday loss of -2.49% or -$7.94. The 52-week high for the APP share is $342.51, that puts it down -10.38 from that peak though still a striking 88.47% gain since the share price plummeted to a 52-week low of $35.79. The company’s market capitalization is $104.13B, and the average intraday trading volume over the past 10 days was 9.43 million shares, and the average trade volume was 5.24 million shares over the past three months.
Applovin Corp (APP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. APP has a Sell rating from 1 analyst(s) out of 21 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.52.
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Applovin Corp (NASDAQ:APP) trade information
Applovin Corp (APP) registered a -2.49% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.49% in intraday trading to $310.30, hitting a weekly high. The stock’s 5-day price performance is 6.60%, and it has moved by 95.16% in 30 days. Based on these gigs, the overall price performance for the year is 690.77%. The short interest in Applovin Corp (NASDAQ:APP) is 18.79 million shares and it means that shorts have 5.41 day(s) to cover.
The consensus price target of analysts on Wall Street is $107, which implies a decrease of -190.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $36 and $385 respectively. As a result, APP is trading at a discount of -24.07% off the target high and 88.4% off the low.
Applovin Corp (APP) estimates and forecasts
Statistics show that Applovin Corp has outperformed its competitors in share price, compared to the industry in which it operates. Applovin Corp (APP) shares have gone up 277.72% during the last six months, with a year-to-date growth rate more than the industry average at 314.29% against 18.60. In the rating firms’ projections, revenue will increase 39.89% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.26B as predicted by 19 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 1.3B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 953.26M and 1.06B respectively. In this case, analysts expect current quarter sales to grow by 31.81% and then jump by 22.53% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 46.35%. While earnings are projected to return 310.38% in 2024, the next five years will return 27.00% per annum.
APP Dividends
Applovin Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Applovin Corp (NASDAQ:APP)’s Major holders
Applovin Corp insiders own 26.17% of total outstanding shares while institutional holders control 63.16%, with the float percentage being 85.55%. VANGUARD GROUP INC is the largest shareholder of the company, while 960.0 institutions own stock in it. As of 2024-06-30, the company held over 19.1 million shares (or 5.689% of all shares), a total value of $1.59 billion in shares.
The next largest institutional holding, with 13.29 million shares, is of GQG PARTNERS LLC’s that is approximately 3.9575% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.11 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Applovin Corp (APP) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 6.05 shares. This amounts to just over 2.03 percent of the company’s overall shares, with a $1.9 billion market value. The same data shows that the other fund manager holds slightly less at 4.82, or about 1.61% of the stock, which is worth about $1.51 billion.
