Weekly Update

Quick Review of AppFolio Inc (NASDAQ:APPF) Shares

In the most recent trading session, shares of AppFolio Inc (NASDAQ:APPF) finished with a move of +0.77%. The stock managed to reach a high of $32.75 and saw a low of $32.40. The stock has been recently trading +28.64% off of its 200 day moving average of $25.34. The stock has recently been documented at +12.41% off its 50 day moving average of $29.00. Moving averages have the ability to play a crucial role in forecasting future stock movement. If the stock is trading higher than a moving average, the average may provide a level of support. If the stock is trading below a moving average, the average may provide a level of resistance. 

Taking a longer term look at where the stock has been and where it’s headed, we note that currently the stock has traded in the range of $13.34 – 35.20 over the past 52-weeks. The latest bid places it $-2.60 away from the 52-week high of $35.20, or -7.39%. On the other end, the latest bid puts the equity $19.26 away from the 52-week low of $13.34, or +144.38%. The 52-week metric is serves as an important parameter for investors as they gauge the current price level of a stock and where it might be headed in the future.

Another important metric used by institutional and retail investors alike, is the analyst price target on a stock. Wall Street brokerage firms on the sell-side hire analysts to conduct research on stocks they cover for their clients. Analysts issue reports which often include a future stock price projection for the stock. Thomson Reuters’ First Call, which many consider to be the benchmark for EPS and consensus data, currently have the price target listed as $28.00. This is the consensus of all analyst targets from the brokerage firms polled by First Call.

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