The trading price of Applovin Corp (NASDAQ:APP) closed lower on Monday, May 05, and closing at $301.84, -1.87% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 66.48. In examining the 52-week price action we see that the stock hit a 52-week high of $525.15 and a 52-week low of $60.67. Over the past month, the stock has gained 15.21% in value.
Applovin Corp, whose market valuation is $102.13 billion at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest APP has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned APP a recommendation rating is 21. Out of them, 7 rate it a Hold, while 13 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Applovin Corp (APP) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.72, which symbolizes a positive outlook. A quick review shows that APP’s price is currently 16.07% off the SMA20 and 6.42% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.99, and weekly volatility stands at 6.15%. When measured over the past 30 days, the indicator reaches 10.22%. Applovin Corp (NASDAQ:APP)’s beta value is currently sitting at 2.39, while the Average True Range indicator is currently displaying 25.47. With analysts defining $200-$650 as the low and high price targets, we arrive at a consensus price target of $435.5 for the trailing 12-month period. The current price is about 33.74% off the estimated low and -115.35% off the forecast high, based on this estimate. Investors will be thrilled if APP’s share price rises to $435.5, which is the median consensus price. At that level, APP’s share price would be -44.28% below current price.
To see how Applovin Corp stock has been performing in comparison to its peers in the industry, here are the numbers: APP stock’s performance was -1.87% in the latest trading, and 332.81% in the past year. Applovin Corp has a P/E ratio of 66.48.
An evaluation of the daily trading volume of Applovin Corp (NASDAQ:APP) indicates that the 3-month average is 9.60 million.
Currently, records show that 309.35 million of the company’s shares remain outstanding. The insiders hold 37.54% of outstanding shares, whereasinstitutions hold 61.80%. However, since the stock’s price has seen -6.79% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
