Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Applovin Corp before investing.

In this article, we go over a few key elements for understanding Applovin Corp’s stock price such as:

• Applovin Corp’s current stock price and volume
• Why Applovin Corp’s stock price changed recently
• Upgrades and downgrades for APP from analysts
• APP’s stock price momentum as measured by its relative strength

About Applovin Corp (APP)

Before we jump into Applovin Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

AppLovin Corporation provides application technology platform, AppLovin. The Company operates through two segments: Software Platform, and Apps. Its Software Platform is primarily made up of four key solutions, such as AppDiscovery, MAX, Adjust, and Wurl. AppDiscovery is powered by AXON, its AI-powered advertising engine, and matches advertiser demand with publisher supply through auctions at vast scale and at microsecond-level speeds. MAX is a monetization solution, utilizing an advanced in-app bidding technology that optimizes the value of a publishers advertising inventory by running a real-time competitive auction. Adjust is a measurement and analytics marketing platform which provides marketers with the visibility, insights, and data needed to scale their apps marketing results. Wurl is connected TV (CTV) platform that both distributes streaming video for content companies and provides advanced advertising and publishing solutions to attract viewers and maximize revenue.

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Applovin Corp’s Stock Price as of Market Close

As of June 25, 2024, 4:00 PM, CST, Applovin Corp’s stock price was $81.21.

Applovin Corp is up 4.05% from its previous closing price of $78.05.

During the last market session, Applovin Corp’s stock traded between $76.38 and $78.34. Currently, there are 335.79 million shares of Applovin Corp stock available for purchase.

Applovin Corp’s price-earnings (P/E) ratio is currently at 46.1, which is high compared to the Software industry median of 44.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Applovin Corp Stock Price History

Applovin Corp’s (APP) price is currently down 0.33% so far this month.

During the month of June, Applovin Corp’s stock price has reached a high of $87.08 and a low of $72.15.

Over the last year, Applovin Corp has hit prices as high as $88.50 and as low as $23.48. Year to date, Applovin Corp’s stock is up 671.23%.

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What Caused Applovin Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 24, 2024, there were 0 analysts who downgraded Applovin Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Applovin Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Applovin Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Applovin Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Applovin Corp (APP) by visiting AAII Stock Evaluator.

Relative Price Strength of Applovin Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 24, 2024, Applovin Corp has a weighted four-quarter relative price strength of 25.07%, which translates to a Momentum Score of 96 and is considered to be Very Strong.

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Applovin Corp Stock Price: Bottom Line

As of June 25, 2024, Applovin Corp’s stock price is $81.21, which is up 4.05% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Applovin Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.