During the recent session, Applovin Corp (NASDAQ:APP)’s traded shares were 5.75 million, with the beta value of the company hitting 2.30. At the last check today, the stock’s price was $509.52, reflecting an intraday gain of 33.97% or $129.2. The 52-week high for the APP share is $417.64, that puts it up 18.03 from that peak though still a striking 91.14% gain since the share price plummeted to a 52-week low of $45.12. The company’s market capitalization is $170.99B, and the average intraday trading volume over the past 10 days was 4.43 million shares, and the average trade volume was 5.46 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 2.02.
Applovin Corp (NASDAQ:APP) trade information
Applovin Corp (APP) registered a 33.97% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 33.97% in intraday trading to $509.52, hitting a weekly high. The stock’s 5-day price performance is 33.86%, and it has moved by 58.68% in 30 days. Based on these gigs, the overall price performance for the year is 982.70%. The short interest in Applovin Corp (NASDAQ:APP) is 14.1 million shares and it means that shorts have 3.48 day(s) to cover.
The consensus price target of analysts on Wall Street is $182.5, which implies a decrease of -179.19% 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 premium of 14.63% off the target high and 78.8% off the low.
Applovin Corp (APP) estimates and forecasts
In the rating firms’ projections, revenue will increase 23.89% 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 1.38B as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 1.43B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.06B and 1.08B respectively. In this case, analysts expect current quarter sales to grow by 30.38% and then jump by 32.81% 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 40.46% in 2025, the next five years will return 41.77% per annum.
APP Dividends
Applovin Corp is due to release its next quarterly earnings in March. 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
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 Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 7.06 shares. This amounts to just over 2.36 percent of the company’s overall shares, with a $3.57 billion market value. The same data shows that the other fund manager holds slightly less at 5.9, or about 1.98% of the stock, which is worth about $2.99 billion.
