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Is AppLovin Corporation (NASDAQ: APP) A Great Stock To Invest In?

AppLovin Corporation (NASDAQ:APP) traded at $21.78 at close of the session on Tuesday, 09/20/22, made a downward move of -4.56% on its previous day’s price.

Looking at the stock we see that its previous close was $22.82 with the day’s price range being $21.73 – $22.71. In terms of its 52-week price range, APP has a high of $116.09 and a low of $22.22. The company’s stock has lost about -19.12% over that past 30 days.

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AppLovin Corporation has a market cap of $8.50 billion and is expected to release its quarterly earnings report on Nov 10, 2021. Estimates by analysts give the company expected earnings per share (EPS) of $0.16, with the EPS growth for the year raised at $0.36 for 2022 and $1.19 for next year. These figures represent 300.00% and 230.60% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $839.67 million, with a low of $790.79 million and a high of $900.4 million. The median projection represents growth squeezing down to 25.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $3.32 billion, or 18.70% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the APP stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is -14.33% off its SMA20 and -29.60% from its 50-day simple moving average. The RSI (14) is pointing at 32.75 while the volatility over the past week is 5.86% and jumps to 5.45% over the past one month.

Coming back to AppLovin Corporation (NASDAQ:APP), we note that the average 3-month trading volume was 2.92 million, while that of the preceding 10-day period stands at 3.12 million. Current shares outstanding are 373.91 million.

The insiders hold 12.50% of the company’s shares while institutions hold 49.80%. The data shows that short shares as of Jul 14, 2022, stood at 14.48 million at a short ratio of 4.82. This represents a 3.83% short interest in shares outstanding on Jul 14, 2022. Shares short rose in July from the previous month at 11.36 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -76.89% down in year-to-date price movement.

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