During the last session, Applovin Corp (NASDAQ:APP)’s traded shares were 20.03 million, with the beta value of the company hitting 2.30. At the end of the trading day, the stock’s price was $261.70, reflecting an intraday loss of -20.12% or -$65.92. The 52-week high for the APP share is $525.15, that puts it down -100.67 from that peak though still a striking 76.82% gain since the share price plummeted to a 52-week low of $60.67. The company’s market capitalization is $88.97B, and the average intraday trading volume over the past 10 days was 9.77 million shares, and the average trade volume was 7.46 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 1.74. 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 1.96.
Applovin Corp (NASDAQ:APP) trade information
Applovin Corp (APP) registered a -20.12% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -20.12% in intraday trading to $261.70, hitting a weekly high. The stock’s 5-day price performance is -14.68%, and it has moved by -20.94% in 30 days. Based on these gigs, the overall price performance for the year is 260.47%. The short interest in Applovin Corp (NASDAQ:APP) is 13.04 million shares and it means that shorts have 1.12 day(s) to cover.
The consensus price target of analysts on Wall Street is $210, which implies a decrease of -24.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $147 and $538 respectively. As a result, APP is trading at a discount of -105.58% off the target high and 43.83% off the low.
Applovin Corp (APP) estimates and forecasts
In the rating firms’ projections, revenue will increase 21.13% 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 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to 1.41B 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 30.19% and then jump by 30.16% 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 84.28%. While earnings are projected to return 46.83% in 2025, the next five years will return 38.97% per annum.
APP Dividends
Applovin Corp is due to release its next quarterly earnings on 2025-Feb-11. 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 22.50% of total outstanding shares while institutional holders control 70.58%, with the float percentage being 91.07%. VANGUARD GROUP INC is the largest shareholder of the company, while 1321.0 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 3.9588% 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and Invesco QQQ Trust, Series 1 . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 7.03 shares. This amounts to just over 2.27 percent of the company’s overall shares, with a $1.84 billion market value. The same data shows that the other fund manager holds slightly less at 6.13, or about 1.98% of the stock, which is worth about $1.61 billion.
