In yesterday’s Wall Street session, Applovin Corp (NASDAQ:APP) shares traded at $76.54, down -1.05% from the previous session.
APP stock price is now -1.07% away from the 50-day moving average and 43.56% away from the 200-day moving average. The market capitalization of the company currently stands at $25.18B.
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On April 15, 2024, Daiwa Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $80, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, Georgiadis Mary Margaret Hasti, Director sold 1,700 shares of the company’s stock on Jun 05 ’24. The stock was sold for $142,001 at an average price of $83.53. Upon completion of the transaction, the Director now directly owns 35,465 shares in the company, valued at $2.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, Director Georgiadis Mary Margaret Hasti sold 6,990 shares of the business’s stock. A total of $586,380 was realized by selling the stock at an average price of $83.89. This leaves the insider owning 34,178 shares of the company worth $2.62 million. A total of 48.62% of the company’s stock is owned by insiders.
During the past 12 months, Applovin Corp has had a low of $21.87 and a high of $88.50. As of last week, the company has a debt-to-equity ratio of 4.64, a current ratio of 2.11, and a quick ratio of 2.11. According to the stock market information, the enterprise value for the company is $28538324992, which is based on a 45.35 price-to-earnings ratio, a 2.27 price-to-earnings-growth ratio, and a beta of 1.86. The fifty day moving average price for APP is $77.368 and a two-hundred day moving average price translates $53.314774 for the stock.
The latest earnings results from Applovin Corp (NASDAQ: APP) was released for 2024-03-31. The net profit margin was 16.39% and return on equity was 44.69% for APP. The company reported revenue of $1.06 billion for the quarter, compared to $715.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.9 percent.
