Large-cap Technology company AppLovin has logged a 14.2% change today on a trading volume of 9,301,320. The average volume for the stock is 4,098,898.
AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. Based in Palo Alto, United States the company has 1,717 full time employees and a market cap of $25,646,925,824.
The company is now trading -18.78% away from its average analyst target price of $94.47 per share. The 17 analysts following the stock have set target prices ranging from $48.0 to $115.0, and on average give AppLovin a rating of buy.
Over the last 52 weeks, APP stock has risen 97.3%, which amounts to a 78.1% difference compared to the S&P 500. The stock's 52 week high is $91.91 whereas its 52 week low is $34.45 per share. With its net margins declining an average -2.0% over the last 5 years, AppLovin may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 3,283,087 | 356,711 | 11 | 257.14 |
| 2022 | 2,817,058 | -192,746 | -7 | -800.0 |
| 2021 | 2,793,104 | 35,446 | 1 | 109.09 |
| 2020 | 1,190,908 | -125,187 | -11 | -191.67 |
| 2019 | 994,104 | 119,040 | 12 |
