With 4.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.45 million shares. The 52-week range on APPS shows that it touched its highest point at $6.86 and its lowest point at $1.18 during that stretch. It currently has a 1-year price target of $2.75. Beta for the stock currently stands at 2.42.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of APPS was down-trending over the past week, with a drop of -29.90%, but this was up by 46.75% over a month. The stock gained 14.24% in the past year, while it has gained 113.61% so far this year. A look at the trailing 12-month EPS for APPS yields -3.03 with Next year EPS estimates of 0.39. For the next quarter, that number is 0.04. This implies an EPS growth rate of -50.00% for this year and 34.48% for next year.
Float and Shares Shorts:
At present, 104.83 million APPS shares are outstanding with a float of 90.78 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APPS since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.5223 being high and $0.46203 being low. For APPS, this leads to a yearly average estimate of $0.50221. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.07.
