Applovin Corp (NASDAQ:APP)’s traded shares stood at 1.82 million during the last session, with the company’s beta value hitting 2.29. At the close of trading, the stock’s price was $346.73, to imply an increase of 1.43% or $4.9 in intraday trading. The APP share’s 52-week high remains $417.64, putting it -20.45% down since that peak but still an impressive 89.21% since price per share fell to its 52-week low of $37.40. The company has a valuation of $116.36B, with an average of 5.57 million shares in intraday trading volume over the past 10 days and average of 5.73 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Applovin Corp (APP), translating to a mean rating of 1.60. Of 21 analyst(s) looking at the stock, 1 analyst(s) give APP a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 13 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.53.
Applovin Corp (NASDAQ:APP) trade information
After registering a 1.43% upside in the last session, Applovin Corp (APP) has traded red over the past five days. The 5-day price performance for the stock is 10.75%, and 8.49% over 30 days. With these gigs, the year-to-date price performance is 770.09%. Short interest in Applovin Corp (NASDAQ:APP) saw shorts transact 16.94 million shares and set a 2.34 days time to cover.
The extremes give us $108 and $435 for target low and target high price respectively. As such, APP has been trading -25.46% off suggested target high and 68.85% from its likely low.
Applovin Corp (APP) estimates and forecasts
Looking at statistics comparing Applovin Corp share performance against respective industry, we note that the company has outperformed competitors. Applovin Corp (APP) shares are 317.14% up over the last 6 months, with its year-to-date growth rate higher than industry average at 314.29% against 15.60%. The rating firms project that company’s revenue will grow 39.91% compared to the previous financial year.
Revenue forecast for the current quarter as set by 20 analysts is 1.26B. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 1.31B.Earnings reports from the last fiscal year show that sales brought in 953.26M and 1.06B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 31.87% before jumping 23.43% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 46.35% for the past 5-year period. While 2024 is set for a 313.01% return in earnings, projections for the next 5 years are at 25.00% annually.
APP Dividends
Applovin Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Applovin Corp (NASDAQ:APP)’s Major holders
Applovin Corp insiders hold 26.84% of total outstanding shares, with institutional holders owning 65.87% of the shares at 90.03% float percentage. In total, 65.87% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 19.1 million shares (or 5.689% of shares), all amounting to roughly $1.59 billion.
The next major institution holding the largest number of shares is GQG PARTNERS LLC with 13.29 million shares, or about 3.9575% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.11 billion.
