Applovin Corp (NASDAQ:APP) price closed higher on Tuesday, April 16, jumping 1.25% above its previous close.
A look at the daily price movement shows that the last close reads $71.43. The company’s P/E ratio in the trailing 12-month period read 72.15. Taking into account the 52-week price action we note that the stock hit a 52-week high of $79.55 and 52-week low of $15.41. The stock added 14.56% on its value in the past month.
Applovin Corp, which has a market valuation of $24.73 billion. Analysts tracking APP have forecast the quarterly EPS to grow by 0.57 per share this quarter, while the same analysts predict the annual EPS to hit $2.53 for the year 2024 and up to $3.13 for 2025. In this case, analysts estimate an annual EPS growth of 158.20% for the year and 23.70% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $972.48 million, with the likely lows of $961.92 million and highs of $991.1 million. The average estimate suggests sales growth for the quarter will likely rise by 35.90% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $4.08 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 24.40% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 2 upward and — downward reviews. On the technical perspective front, indicators give APP a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.61. The overview shows that APP’s price is at present -0.02% off the SMA20 and 15.42% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.45, with weekly volatility standing at 4.66%. The indicator jumps to 4.95% when calculated based on the past 30 days. Applovin Corp (NASDAQ:APP)’s beta value is holding at 1.85, while the average true range (ATR) indicator is currently reading 3.33.
An analysis of the Applovin Corp (NASDAQ:APP) stock in terms of its daily trading volume indicates that the 3-month average is 4.48 million.
Current records show that the company has 268.77M in outstanding shares. The insiders’ percentage holdings are 52.51% of outstanding shares while the percentage share held by institutions stands at 39.59%. But the 81.48% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
