In recent trading session, Applovin Corp (NASDAQ:APP) saw 0.64 million shares changing hands at last check today with its beta currently measuring 2.22. Company’s recent per share price level of $338.10 trading at $9.54 or 2.90% at last check today assigns it a market valuation of $113.46B. That most recent trading price of APP’s stock is at a discount of -1.97% from its 52-week high price of $344.77 and is indicating a premium of 89.41% from its 52-week low price of $35.79. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.23 million shares which gives us an average trading volume of 5.48 million if we extend that period to 3-months.
For Applovin Corp (APP), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.57. Splitting up the data highlights that, out of 21 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.53 in the current quarter.
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Applovin Corp (NASDAQ:APP) trade information
Upright in the green today for gaining 2.90%, in the last five days APP remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $338.10 price level, adding 1.93% to its value on the day. Applovin Corp’s shares saw a change of 748.43% in year-to-date performance and have moved 6.24% in past 5-day. Applovin Corp (NASDAQ:APP) showed a performance of 96.97% in past 30-days. Number of shares sold short was 16.67 million shares which calculate 2.71 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 107.5 to the stock, which implies a fall of -214.51% to its recent value today. Analysts have been projecting 36 as a low price target for the stock while placing it at a high target of 400. It follows that stock’s current price would jump 89.35% in reaching the projected high whereas dropping to the targeted low would mean a gain of 89.35% for stock’s current value.
Applovin Corp (APP) estimates and forecasts
Statistics highlight that Applovin Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 314.95% of value to its shares in past 6 months, showing an annual growth rate of 314.29% while that of industry is 18.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 39.92% from the last financial year’s standing.
20 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.26B for the same. And 12 analysts are in estimates of company making revenue of 1.31B in the next quarter. Company posted 953.26M and 1.06B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 46.35% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 313.07% while estimates for its earnings growth in next 5 years are of 25.00%.
Applovin Corp (NASDAQ:APP)’s Major holders
Insiders are in possession of 26.70% of company’s total shares while institution are holding 63.27 percent of that, with stock having share float percentage of 86.32%. Investors also watch the number of corporate investors in a company very closely, which is 63.27% institutions for Applovin Corp that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at APP for having 19.1 million shares of worth $1.59 billion. And as of 2024-06-30, it was holding 5.689 of the company’s outstanding shares.
The second largest institutional holder is GQG PARTNERS LLC, which was holding about 13.29 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.9575 of outstanding shares, having a total worth of $1.11 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 6.05 shares of worth $2.08 billion or 2.03% of the total outstanding shares. The later fund manager was in possession of 2.79 shares on Sep 30, 2024 , making its stake of worth around $956.67 million in the company or a holder of 0.93% of company’s stock.
