In the last trading session, 8.91 million shares of the Applovin Corp (NASDAQ:APP) were traded, and its beta was 2.33. Most recently the company’s share price was $249.95, and it changed around -$13.88 or -5.26% from the last close, which brings the market valuation of the company to $84.97B. APP currently trades at a discount to its 52-week high of $525.15, offering almost -110.1% off that amount. The share price’s 52-week low was $60.67, which indicates that the current value has risen by an impressive 75.73% since then. We note from Applovin Corp’s average daily trading volume that its 10-day average is 10.85 million shares, with the 3-month average coming to 8.82 million.
Applovin Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.68. If we narrow it down even further, the data shows that 1 out of 29 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 6 recommended APP as a Hold, whereas 17 deemed it a Buy, and 0 rated it as Underweight. Applovin Corp is expected to report earnings per share of 1.96 for the current quarter.
Applovin Corp (NASDAQ:APP) trade information
Instantly APP has showed a red trend with a performance of -5.26% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 280.99 on recent trading dayincreased the stock’s daily price by 11.05%. The company’s shares are currently down -22.81% year-to-date, but still up 13.94% over the last five days. On the other hand, Applovin Corp (NASDAQ:APP) is -8.11% down in the 30-day period. We can see from the shorts that 10.99 million shares have been sold at a short interest cover period of 1.0 day(s).
The consensus price target as assigned by Wall Street analysts is $392.5, which translates to bulls needing to increase their stock price by 36.32% from its current value. Analyst projections state that APP is forecast to be at a low of $147 and a high of $650.
Applovin Corp (APP) estimates and forecasts
The year-over-year growth rate is expected to be 20.40%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of 1.38B in revenue for the current quarter. 19 analysts expect Applovin Corp to make 1.4B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.06B and 1.08B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 30.42%. Forecasts for the next quarter put sales growth at 29.56%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 84.28%. Applovin Corp earnings are expected to increase by 44.58% in 2025, but the outlook is positive 39.45% per year for the next five years.
APP Dividends
Applovin Corp’s next quarterly earnings report is expected to be released on 2025-Feb-11.
Applovin Corp (NASDAQ:APP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.50% of Applovin Corp shares, and 70.57% of them are in the hands of institutional investors. The stock currently has a share float of 91.06%. Applovin Corp stock is held by 1334.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 5.689% of the shares, which is about 19.1 million shares worth $1.59 billion.
GQG PARTNERS LLC, with 3.9588% or 13.29 million shares worth $1.11 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Invesco QQQ Trust, Series 1 were the top two Mutual Funds as of Dec 31, 2024 . The former held 7.03 shares worth $1.76 billion, making up 2.27% of all outstanding shares. On the other hand, Invesco QQQ Trust, Series 1 held roughly 6.37 shares worth around $1.59 billion, which represents about 2.06% of the total shares outstanding.
