During the last session, Applovin Corp (NASDAQ:APP)’s traded shares were 4.88 million, with the beta value of the company hitting 2.29. At the end of the trading day, the stock’s price was $341.78, reflecting an intraday gain of 5.54% or $17.95. The 52-week high for the APP share is $417.64, that puts it down -22.2 from that peak though still a striking 89.06% gain since the share price plummeted to a 52-week low of $37.40. The company’s market capitalization is $114.70B, and the average intraday trading volume over the past 10 days was 4.12 million shares, and the average trade volume was 5.64 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 1.60. 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.
Applovin Corp (NASDAQ:APP) trade information
Applovin Corp (APP) registered a 5.54% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.54% in intraday trading to $341.78, hitting a weekly high. The stock’s 5-day price performance is -0.01%, and it has moved by 0.35% in 30 days. Based on these gigs, the overall price performance for the year is 781.33%. The short interest in Applovin Corp (NASDAQ:APP) is 17.56 million shares and it means that shorts have 2.35 day(s) to cover.
The consensus price target of analysts on Wall Street is $182.5, which implies a decrease of -87.28% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $108 and $435 respectively. As a result, APP is trading at a discount of -27.27% off the target high and 68.4% 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 293.03% during the last six months, with a year-to-date growth rate more than the industry average at 314.29% against 16.60.
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 313.01% in 2025, the next five years will return 25.00% per annum.
APP Dividends
Applovin Corp is due to release its next quarterly earnings in February. 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 26.83% of total outstanding shares while institutional holders control 65.86%, with the float percentage being 90.00%. VANGUARD GROUP INC is the largest shareholder of the company, while 989.0 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.
