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AppLovin (APP, $58.50) Q2 revenue rose +123% year-over-year
AppLovin's shares climbed in after-hours on Wednesday, following second quarter revenue that surpassed analysts’ expectations.
The mobile technology company’s second-quarter revenue surged +123% year-over-year to $669 million, compared to analysts’ expectations $641 million. Earnings came in at 4 cents a share, in line with analysts’ expectation (according to FactSet). It incurred a loss - 10 cents a share in the same period a year ago.
AppLovin offers software for mobile developers to market, monetize, and publish their apps through its mobile advertising, marketing and analytics.
APP saw its Stochastic Oscillator peaks and leaves the overbought zone
The Stochastic Indicator for APP moved out of overbought territory on May 24, 2022. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 13 similar instances where the indicator exited the overbought zone. In 12 of the 13 cases the stock moved lower. This puts the odds of a downward move at 90%.
Throughout the month of 04/26/22 - 05/26/22, the price experienced a -6% Downtrend. During the week of 05/19/22 - 05/26/22, the stock fell -8%.
The Momentum Indicator moved below the 0 level on May 26, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on APP as a result. In 11 of 15 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 73%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where APP declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.
The Aroon Indicator for APP entered a downward trend on May 19, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where APP's RSI Indicator exited the oversold zone, 9 of 9 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Moving Average Convergence Divergence (MACD) for APP just turned positive on May 13, 2022. Looking at past instances where APP's MACD turned positive, the stock continued to rise in 8 of 9 cases over the following month. The odds of a continued upward trend are 89%.
Following a +9.99% 3-day Advance, the price is estimated to grow further. Considering data from situations where APP advanced for three days, in 51 of 63 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
APP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 73%. During the last month, the daily ratio of advancing to declining volumes was 1.43 to 1.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. APP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
The Tickeron SMR rating for this company is 89 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 83 (best 1 - 100 worst), indicating slightly worse than average price growth. APP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 77 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.845) is normal, around the industry mean (15.782). P/E Ratio (416.667) is within average values for comparable stocks, (151.538). Projected Growth (PEG Ratio) (0.935) is also within normal values, averaging (4.540). Dividend Yield (0.000) settles around the average of (0.027) among similar stocks. P/S Ratio (4.857) is also within normal values, averaging (101.100).
The Tickeron PE Growth Rating for this company is 70 (best 1 - 100 worst), pointing to slightly better than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.1B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was 0.84%. For the same Industry, the average monthly price growth was -12.47%, and the average quarterly price growth was -21.21%. GTSWF experienced the highest price growth at 400%, while BLVDF experienced the biggest fall at -80.08%.
- 5/14/22 4:23 AM: Applovin (APP, $39.46) was a top weekly gainer, with a +17.79% jump
- 5/5/22 4:57 AM: Applovin (APP, $40.31) was a top weekly gainer, with a +6.98% jump
- 3/18/22 7:14 AM: Applovin (APP, $52.51) was a top weekly gainer, with a +13.09% jump
The average weekly volume growth across all stocks in the Packaged Software Industry was -1.46%. For the same stocks of the Industry, the average monthly volume growth was 18.47% and the average quarterly volume growth was 88.06%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the 15 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 49%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.6.
9 stocks in the group of tickers confirmed the positive outlook based on the RSI indicator with average odds of 78%.
The average market capitalization across the group is 1.2B. The market cap for tickers in the group ranges from 27M to 3.9B. TDC holds the highest valuation in this group at 3.9B. The lowest valued company is BSQR at 27M.
The average weekly price growth across all stocks in the group was 1.32%. For the same group, the average monthly price growth was -4.24%, and the average quarterly price growth was -25.04%. AVID experienced the highest price growth at 8.68%, while INUV experienced the biggest fall at -6.84%.
- 5/19/22 8:24 AM: Inuvo (INUV, $0.47) is a top weekly gainer for penny stocks, rising +43.7%
- 5/11/22 7:46 AM: Inuvo (INUV, $0.35) is a top weekly loser for penny stocks, falling -19.06%
- 5/10/22 5:36 AM: Smith Micro Software (SMSI, $2.61) is a top weekly loser for penny stocks, falling -17.67%
The average weekly volume growth across all stocks in the group was 115.64%. For the same stocks of the group, the average monthly volume growth was 24.98% and the average quarterly volume growth was 34.3%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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