Momentum Is Strong For Applovin Corp (NASDAQ: APP)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed AppLovin to Announce First Quarter 2024 Results.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. The current market capitalization of Applovin Corp is $24.89B. A total of 4.69 million shares were traded on the day, compared to an average of 4.32M shares.

In the most recent transaction, Chen Herald Y sold 150,000 shares of APP for 63.04 per share on Mar 14 ’24. After the transaction, the President & CFO now owns 62,418 company shares. In a previous transaction on Mar 14 ’24, Stumpf Matthew sold 2,775 shares at 63.30 per share. APP shares that Chief Financial Officer (CFO) owns now total 362,264.

Among the insiders who sold shares, Vivas Eduardo disposed of 1,268 shares on Mar 11 ’24 at a per-share price of $60.95. This resulted in the Director holding 8,351,954 shares of APP after the transaction. In another insider transaction, Valenzuela Victoria sold 25,000 shares at $65.00 per share on Mar 08 ’24. Company shares held by the CLO & Corp. Secretary now total 521,560.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, APP has a high of $74.55 and a low of $15.25.

As of this writing, APP has an earnings estimate of $0.56 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.77 per share and a lower estimate of $0.41. The company reported an EPS of $0.3 in the last quarter, which was 11.10% higher than expectations of $0.27.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. APP’s latest balance sheet shows that the firm has $1.52B in Cash & Short Term Investments as of fiscal 2021. There were $3.33B in debt and $640.10M in liabilities at the time. Its Book Value Per Share was $3.70, while its Total Shareholder’s Equity was $2.14B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for APP is Buy with a score of 4.20.

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