Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Applovin Corp’s current trading price is -12.67% away from its 52-week high, while its distance from the 52-week low is 350.84%. The stock’s price range during this period has varied between $15.41 and $79.55. The company, active in the Technology sector, saw a trading volume of around 1.06 million for the day, considerably lower average daily volume of 4.36 million observed over the last three months.
The market performance of Applovin Corp has been somewhat stable. Over the past year, the company’s stock achieved a high of $79.55 on 04/09/24, with the lowest value for the same timeframe being $15.41, recorded on 04/25/23.
How Financial Performance Impacts Market Capitalization
Applovin Corp (APP) has experienced a quarterly rise of 60.41% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 23.76B and boasts a workforce of 1745 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 53.57, with a change in price of +30.39. Similarly, Applovin Corp recorded 3,769,562 in trading volume during the last 100 days, posting a change of +77.86%.
How APP’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for APP stands at 2.66. Similarly, the long-term debt-to-equity ratio is also 2.46.
APP Stock Stochastic Average
As of today, the raw stochastic average of Applovin Corp over the last 50 days is at 70.57%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 26.86%. Further, the company’s Stochastic %K and %D values for the last 20 days were 27.33% and 20.10%, respectively.
APP Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a gain of 74.34%.However, over the last six months, we can see a weaker performance of 84.58%. Over the last 30 days, the price of APP has leaped by -4.31%. And in the last five days, it has fallen by -2.01%.
