Stocks of Applovin Corp (NASDAQ:APP) traded higher last session on Wall Street, down -0.18% to $86.80.
APP stock price is now 9.00% away from the 50-day moving average and 54.47% away from the 200-day moving average. The market capitalization of the company currently stands at $28.56B.
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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, Valenzuela Victoria, CLO & Corp. Secretary sold 2,999 shares of the company’s stock on Jul 02 ’24. The stock was sold for $254,975 at an average price of $85.02. Upon completion of the transaction, the CLO & Corp. Secretary now directly owns 387,616 shares in the company, valued at $33.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’24, CLO & Corp. Secretary Valenzuela Victoria sold 47,001 shares of the business’s stock. A total of $3,997,905 was realized by selling the stock at an average price of $85.06. This leaves the insider owning 390,615 shares of the company worth $33.91 million. A total of 48.44% of the company’s stock is owned by insiders.
During the past 12 months, Applovin Corp has had a low of $25.24 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 $31647504384, which is based on a 51.42 price-to-earnings ratio, a 2.57 price-to-earnings-growth ratio, and a beta of 1.86. The fifty day moving average price for APP is $79.9458 and a two-hundred day moving average price translates $56.406673 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.
