In the last trading session, 8.89 million shares of the Applovin Corp (NASDAQ:APP) were traded, and its beta was 2.29. Most recently the company’s share price was $321.06, and it changed around -$21.48 or -6.27% from the last close, which brings the market valuation of the company to $107.75B. APP currently trades at a discount to its 52-week high of $417.64, offering almost -30.08% off that amount. The share price’s 52-week low was $35.79, which indicates that the current value has risen by an impressive 88.85% since then. We note from Applovin Corp’s average daily trading volume that its 10-day average is 6.96 million shares, with the 3-month average coming to 5.94 million.

Applovin Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 0 out of 25 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 6 recommended APP as a Hold, whereas 16 deemed it a Buy, and 0 rated it as Underweight. Applovin Corp is expected to report earnings per share of 1.53 for the current quarter.

Applovin Corp (NASDAQ:APP) trade information

Instantly APP has showed a red trend with a performance of -6.27% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 417.64 on recent trading dayincreased the stock’s daily price by 23.13%. The company’s shares are currently up 705.67% year-to-date, but still down -12.41% over the last five days. On the other hand, Applovin Corp (NASDAQ:APP) is 10.71% up in the 30-day period. We can see from the shorts that 16.67 million shares have been sold at a short interest cover period of 2.71 day(s).

The consensus price target as assigned by Wall Street analysts is $180, which translates to bulls needing to decrease their stock price by -78.37% from its current value. Analyst projections state that APP is forecast to be at a low of $100 and a high of $435.

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 315.07 percent over the past six months and at a 314.29% annual growth rate that is well above the industry average of 16.90%. The year-over-year growth rate is expected to be 39.90%, up from the previous year.

Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 1.26B in revenue for the current quarter. 11 analysts expect Applovin Corp to make 1.3B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 953.26M and 1.06B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 31.87%. Forecasts for the next quarter put sales growth at 23.19%.

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 312.93% in 2024, but the outlook is positive 25.00% per year for the next five years.

APP Dividends

Applovin Corp’s next quarterly earnings report is expected to be released in January.

Applovin Corp (NASDAQ:APP)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 26.69% of Applovin Corp shares, and 63.86% of them are in the hands of institutional investors. The stock currently has a share float of 87.11%. Applovin Corp stock is held by 975.0 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.