DeDora Capital Invests $377000 in AppLovin Corporation
January 2, 2024
🌥️Trending News
APPLOVIN ($NASDAQ:APP): DeDora Capital Inc. has recently invested $377000 in AppLovin Corporation, a leading mobile gaming and advertising platform. It also enables advertisers to reach their target audiences through its data-driven advertising platform. The company’s products include a mobile marketing platform, a user acquisition platform, and a data management platform, among others. With DeDora’s investment, AppLovin will be able to accelerate growth and continue to provide superior advertising and gaming experiences to its customers.
AppLovin Corporation is a publicly-traded company listed on the Nasdaq Global Select Market under the ticker symbol “APP”. This strategic investment by DeDora Capital Inc. into AppLovin Corporation is likely to further propel the company’s growth and help it expand its presence globally. With this investment, AppLovin is expected to extend its leadership in the mobile gaming and advertising space and offer powerful solutions for its customers.
Price History
The $377000 investment is a significant vote of confidence for the mobile app marketing company, which saw its stock open at $40.4 and close at $40.8, a 0.3% increase from the prior closing price of 40.6. The move is sure to increase investor confidence in AppLovin Corporation, demonstrating their strength and growth prospects in the mobile app marketing sector. The increased investment is also expected to help AppLovin Corporation scale its operations and attract more customers to its services. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Applovin Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 3.03k | 104 | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Applovin Corporation. More…
| Operations | Investing | Financing |
| 880.72 | -48.74 | -1.45k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Applovin Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.01k | 3.91k | 3.26 |
Key Ratios Snapshot
Some of the financial key ratios for Applovin Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 41.5% | – | 13.0% |
| FCF Margin | ROE | ROA |
| 28.7% | 18.9% | 4.9% |
Analysis
GoodWhale’s analysis of APPLOVIN CORPORATION‘s fundamentals has provided us with a range of insights. Our Star Chart indicates that APPLOVIN CORPORATION has a strong health score of 8/10 with regard to its cashflows and debt, indicating its ability to maintain future operations even in times of crisis. Moreover, the company is strong in terms of growth and profitability, although it may be weaker in terms of asset and dividend. Furthermore, based on our analysis, we have classified APPLOVIN CORPORATION as a ‘gorilla’ company. This means that they have achieved stable and high revenue or earning growth due to their strong competitive advantage. This type of company is likely to be of interest to investors looking for long-term returns, who are comfortable with higher risk investments. More…
Peers
Its competitors include NeoMedia Technologies Inc, Artificial Life Inc, and Kange Corp.
– NeoMedia Technologies Inc ($OTCPK:NEOM)
NeoMedia Technologies, Inc. is a global leader in barcode scanning solutions for mobile devices. Its innovative technology enables users to scan and decode barcodes with their camera-enabled mobile device, making it easy and convenient for them to access digital content and services. The company has a strong portfolio of patents and licenses that cover a wide range of barcode scanning technologies. NeoMedia is headquartered in Atlanta, Georgia, USA, with offices in Europe, Asia and South America.
– Artificial Life Inc ($OTCPK:ALIF)
Artificial Life Inc is a publicly traded company with a market capitalization of 4.14 million as of 2022. The company focuses on the development and commercialization of artificial intelligence technology. Artificial Life’s return on equity is 6.65%.
– Kange Corp ($OTCPK:KGNR)
Kange Corp is a publicly traded company with a market capitalization of 125.47M as of 2022. The company has a Return on Equity of 51.01%.
Kange Corp is engaged in the business of providing engineering, construction and project management services. The company’s services include the design and construction of power plants, transmission lines, pipelines and other infrastructure projects.
Summary
This is a positive sign for the company and reflects growing confidence in the company’s competitive advantage and potential for long-term growth. Analysts are watching the stock closely, as AppLovin Corporation continues to expand its offerings and services. Investors need to consider AppLovin’s financials, industry trends, competitive landscape, and overall market conditions when making their investment decisions.
As investors review AppLovin’s fundamentals, they should also be mindful of the company’s long-term outlook, which includes expansion and partnerships in new markets. With the recent influx of investments from DeDora Capital Inc., AppLovin is poised for growth in the future.
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