The price of Applovin Corp (NASDAQ:APP) shares last traded on Wall Street rose 6.08% to $84.64.
APP stock price is now 6.16% away from the 50-day moving average and 37.11% away from the 200-day moving average. The market capitalization of the company currently stands at $28.29B.
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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, Jansen Katie Kihorany, Chief Marketing Officer sold 72,306 shares of the company’s stock on Aug 14 ’24. The stock was sold for $6,052,718 at an average price of $83.71. Upon completion of the transaction, the Chief Marketing Officer now directly owns 1,092,090 shares in the company, valued at $92.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Chief Marketing Officer Jansen Katie Kihorany sold 72,307 shares of the business’s stock. A total of $5,472,398 was realized by selling the stock at an average price of $75.68. This leaves the insider owning 1,164,396 shares of the company worth $98.55 million. A total of 44.46% of the company’s stock is owned by insiders.
During the past 12 months, Applovin Corp has had a low of $34.45 and a high of $91.91. As of last week, the company has a debt-to-equity ratio of 4.32, a current ratio of 2.28, and a quick ratio of 2.28. According to the stock market information, the enterprise value for the company is $31348080640, which is based on a 35.86 price-to-earnings ratio, a 1.79 price-to-earnings-growth ratio, and a beta of 1.84. The fifty day moving average price for APP is $79.7688 and a two-hundred day moving average price translates $61.973576 for the stock.
The latest earnings results from Applovin Corp (NASDAQ: APP) was released for 2024-06-30. The net profit margin was 20.83% and return on equity was 70.66% for APP. The company reported revenue of $1.08 billion for the quarter, compared to $750.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.98 percent.
