In the latest trading session, 1.28 million Applovin Corp (NASDAQ:APP) shares changed hands as the company’s beta touched 2.28. With the company’s most recent per share price at $383.27 changed hands at -$27.18 or -6.62% at last look, the market valuation stands at $130.33B. APP’s current price is a discount, trading about -37.02% off its 52-week high of $525.15. The share price had its 52-week low at $57.40, which suggests the last value was 85.02% up since then.
Analysts gave the Applovin Corp (APP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.63. If we narrow down to specifics, the data shows that 1 out of 21 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended APP as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Applovin Corp’s EPS for the current quarter is expected to be 2.02.
Applovin Corp (NASDAQ:APP) trade information
Instantly APP was in red as seen in intraday trades today. With action -22.73%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 18.36%, with the 5-day performance at -22.73% in the red. However, in the 30-day time frame, Applovin Corp (NASDAQ:APP) is 5.56% up.
The consensus price target for the stock as assigned by Wall Street analysts is 182.5, meaning bulls need a downside of -110.01% from its recent market value. According to analyst projections, APP’s forecast low is 108 with 435 as the target high. To hit the forecast high, the stock’s price needs a -13.5% plunge from its current level, while the stock would need to tank 71.82% for it to hit the projected low.
Applovin Corp (APP) estimates and forecasts
Year-over-year growth is forecast to reach 23.14% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 1.38B. 15 analysts are of the opinion that Applovin Corp’s revenue for the current quarter will be 1.44B. The company’s revenue for the corresponding quarters a year ago was 1.06B and 1.08B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 30.38%. The estimates for the next quarter sales put growth at 33.03%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 84.28%. The 2025 estimates are for Applovin Corp earnings to increase by 45.96%, but the outlook for the next 5-year period is at 39.43% per year.
Applovin Corp (NASDAQ:APP)’s Major holders
GQG PARTNERS LLC holds the second largest percentage of outstanding shares, with 3.9588% or 13.29 million shares worth $1.11 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF. With 7.06 shares estimated at $2.67 billion under it, the former controlled 2.36% of total outstanding shares. On the other hand, Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF held about 1.98% of the shares, roughly 5.9 shares worth around $2.24 billion.
