Why AppFolio Inc’s (APPF) Stock Is Down 4.14% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate AppFolio Inc before investing.

In this article, we go over a few key elements for understanding AppFolio Inc’s stock price such as:

Before we jump into AppFolio Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

AppFolio, Inc. is a provider of cloud business management solutions for the real estate industry. Its solutions are designed to enable its customers to digitally transform their businesses and address critical operations. AppFolio solutions are designed to meet that need in the real estate industry. It helps its customers navigate an increasingly interconnected and growing network of stakeholders in their business ecosystems, including property owners, real estate investment managers, rental prospects, residents, and vendors, and provides key functionality related to critical transactions across the real estate lifecycle, including screening potential tenants, sending and receiving payments and providing insurance-related risk mitigation services. Its solutions include AppFolio, AppFolio Property Manager Core, AppFolio Property Manager Plus and AppFolio Property Manager Max. It also offers value-added services: electronic payment services, tenant screening services and risk mitigation.

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As of July 30, 2024, 4:00 PM, CST, AppFolio Inc’s stock price was $219.53.

AppFolio Inc is down 4.14% from its previous closing price of $229.02.

During the last market session, AppFolio Inc’s stock traded between $224.19 and $233.69. Currently, there are 36.24 million shares of AppFolio Inc stock available for purchase.

AppFolio Inc’s price-earnings (P/E) ratio is currently at 68.1, which is high compared to the Software industry median of 45.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

AppFolio Inc’s (APPF) price is currently down 10.24% so far this month.

During the month of July, AppFolio Inc’s stock price has reached a high of $274.56 and a low of $218.30.

Over the last year, AppFolio Inc has hit prices as high as $274.56 and as low as $164.29. Year to date, AppFolio Inc’s stock is up 108.32%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 29, 2024, there was 1 analyst who downgraded AppFolio Inc’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate AppFolio Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on AppFolio Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

AppFolio Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about AppFolio Inc (APPF) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 29, 2024, AppFolio Inc has a weighted four-quarter relative price strength of -0.37%, which translates to a Momentum Score of 62 and is considered to be Strong.

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As of July 30, 2024, AppFolio Inc’s stock price is $219.53, which is down 4.14% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like AppFolio Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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