In the last trading session, 8.85 million Applovin Corp (NASDAQ:APP) shares changed hands as the company’s beta touched 2.34. With the company’s per share price at $306.85 changed hands at $13.96 or 4.77% during last session, the market valuation stood at $104.32B. APP’s last price was a discount, traded about -71.14% off its 52-week high of $525.15. The share price had its 52-week low at $60.67, which suggests the last value was 80.23% up since then. When we look at Applovin Corp’s average trading volume, we note the 10-day average is 11.67 million shares, with the 3-month average coming to 7.03 million.
Analysts gave the Applovin Corp (APP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.77. 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 1.96.
Applovin Corp (NASDAQ:APP) trade information
Instantly APP was in green as seen at the end of in last trading. With action 28.89%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -5.24%, with the 5-day performance at 28.89% in the green. However, in the 30-day time frame, Applovin Corp (NASDAQ:APP) is -34.94% down. Looking at the short shares, we see there were 13.66 million shares sold at short interest cover period of 1.68 days.
The consensus price target for the stock as assigned by Wall Street analysts is 205, meaning bulls need a downside of -49.68% from its current market value. According to analyst projections, APP’s forecast low is 147 with 538 as the target high. To hit the forecast high, the stock’s price needs a -75.33% plunge from its current level, while the stock would need to tank 52.09% for it to hit the projected low.
Applovin Corp (APP) estimates and forecasts
Year-over-year growth is forecast to reach 21.09% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 1.37B. 18 analysts are of the opinion that Applovin Corp’s revenue for the current quarter will be 1.41B. 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 29.69%. The estimates for the next quarter sales put growth at 30.10%.
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 46.14%, but the outlook for the next 5-year period is at 38.61% per year.
APP Dividends
Applovin Corp is expected to release its next quarterly earnings report on 2025-Feb-11.
Applovin Corp (NASDAQ:APP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 22.50% of Applovin Corp shares while 70.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.97%. There are 70.51% institutions holding the Applovin Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 5.689% of the shares, roughly 19.1 million APP shares worth $1.59 billion.
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.
