APPN Stock Summary and Trading Ideas (Appian - Class A | NASDAQ:APPN)

Appian is a low-code enterprise platform-as-a-service company focusing on business process management. The Appian platform is an integrated automation platform providing tools for organizations to design, automate, and optimize end-to-end processes and complex business operations. Capabilities include case management, robotic process automation, artificial intelligence, data fabric, and process mining. Most of Appian's revenue is subscription based with the remainder from services, with much of its subscription revenue being derived from its cloud-based platform, Appian Cloud.

Appian - Class A trades on the NASDAQ stock market under the symbol APPN.

As of April 17, 2024, APPN stock price declined to $35.39 with 506,840 million shares trading.

APPN has a beta of 1.14, meaning it tends to be more sensitive to market movements. APPN has a correlation of 0.09 to the broad based SPY ETF.

APPN has a market cap of $2.60 billion. This is considered a Mid Cap stock.

Last quarter Appian - Class A reported $145 million in Revenue and $.06 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.30.

In the last 3 years, APPN stock traded as high as $149.82 and as low as $29.80.

The top ETF exchange traded funds that APPN belongs to (by Net Assets): VTI, VB, SKYY, IWM, VGT.

APPN has underperformed the market in the last year with a price return of -12.3% while the SPY ETF gained +23.0%. However, in the short term, APPN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.4% vs +5.7% return in SPY. But in the last 2 weeks, APPN shares have been beat by the market, returning -5.6% compared to an SPY return of -3.5%.

APPN support price is $35.42 and resistance is $37.62 (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 APPN stock will trade within this expected range on the day.