A new trading day began on Monday, with Applovin Corp (NASDAQ: APP) stock price down -0.34% from the previous day of trading, before settling in for the closing price of $90.20. APP’s price has ranged from $34.45 to $92.50 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 38.82% over the last five years. Meanwhile, its annual earnings per share averaged 241.20%. With a float of $186.12 million, this company’s outstanding shares have now reached $268.77 million.
The firm has a total of 1745 workers. Let’s measure their productivity. In terms of profitability, gross margin is 70.95%, operating margin of 30.09%, and the pretax margin is 22.28%.
Applovin Corp (APP) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Applovin Corp is 44.32%, while institutional ownership is 53.53%. The most recent insider transaction that took place on Aug 22 ’24, was worth 26,959,813. In this transaction President & CFO of this company sold 300,000 shares at a rate of $89.87, taking the stock ownership to the 31,209 shares. Before that another transaction happened on Aug 22 ’24, when Company’s CLO & Corp. Secretary sold 14,166 for $89.98, making the entire transaction worth $1,274,690. This insider now owns 352,616 shares in total.
Applovin Corp (APP) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.3 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.96 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 241.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 46.35% growth over the previous five years of trading.
Applovin Corp (NASDAQ: APP) Trading Performance Indicators
Here are Applovin Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.60. Likewise, its price to free cash flow for the trailing twelve months is 21.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.36, a number that is poised to hit 0.91 in the next quarter and is forecasted to reach 4.24 in one year’s time.
Technical Analysis of Applovin Corp (APP)
Analysing the last 5-days average volume posted by the [Applovin Corp, APP], we can find that recorded value of 2.6 million was lower than the volume posted last year of 4.09 million. As of the previous 9 days, the stock’s Stochastic %D was 82.00%. Additionally, its Average True Range was 4.23.
During the past 100 days, Applovin Corp’s (APP) raw stochastic average was set at 91.80%, which indicates a significant increase from 90.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.86% in the past 14 days, which was higher than the 54.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $81.05, while its 200-day Moving Average is $63.98. Now, the first resistance to watch is $91.62. This is followed by the second major resistance level at $93.36. The third major resistance level sits at $94.38. If the price goes on to break the first support level at $88.86, it is likely to go to the next support level at $87.84. Now, if the price goes above the second support level, the third support stands at $86.10.
Applovin Corp (NASDAQ: APP) Key Stats
With a market capitalization of 30.05 billion, the company has a total of 329,014K Shares Outstanding. Currently, annual sales are 3,283 M while annual income is 356,710 K. The company’s previous quarter sales were 1,080 M while its latest quarter income was 309,890 K.
