APPF Stock Summary and Trading Ideas (Appfolio - Class A | NASDAQ:APPF)

AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.

Appfolio - Class A trades on the NASDAQ stock market under the symbol APPF.

As of April 17, 2024, APPF stock price climbed to $216.72 with 232,273 million shares trading.

APPF has a beta of 1.38, meaning it tends to be more sensitive to market movements. APPF has a correlation of 0.17 to the broad based SPY ETF.

APPF has a market cap of $7.75 billion. This is considered a Mid Cap stock.

Last quarter Appfolio - Class A reported $172 million in Revenue and $.88 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.16.

In the last 3 years, APPF stock traded as high as $253.42 and as low as $79.92.

The top ETF exchange traded funds that APPF belongs to (by Net Assets): VTI, IJH, VB, IWM, VXF.

APPF has outperformed the market in the last year with a return of +67.2%, while the SPY ETF gained +22.5%. In the last 3 month period, APPF beat the market returning +24.0%, while SPY returned +6.3%. However, in the most recent 2 weeks APPF has underperformed the stock market by returning -7.2%, while SPY returned -3.6%.

APPF support price is $209.74 and resistance is $219.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that APPF stock will trade within this expected range on the day.