Appian stock: buy or sell?
August 22nd, 2019
Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally.
Should I buy Appian stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
These 2 buy setups are elegible for Appian stock now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Appian stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we collected 5 ratings published for APPN stock in the last month. The general sentiment of these ratings is bearish for APPN stock, with 1 negative ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-5-23||Morgan Stanley||Underweight||Equal Weight|
|2019-2-1||Goldman Sachs Group||n/a||Sell|
Appian stock analysis
Appian rose 2.17% today to $60.24 after marking all time highs yesterday.
After topping to all time highs yesterday, Appian rose 2.17% to $60.24. On June APPN price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. From a daily perspective, APPN is in a short term uptrend after plotting its last bottom ($37.25, on August 5th) higher than the previous bottom, and its last top ($61.27, yesterday) also over the previous top. Now trading in between its last bottom and last top APPN might consolidate in a plain range, waiting to break out over $61.27 or down under $37.25. Since April when SMA100d and SMA200d crossed up, APPN price gained $27.67 per share (84.96%). Yesterday, APPN hit new all time highs, pushing higher previous ATH of $61.01 recorded on Monday. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
After boosting a super good 13.59% in a week last week, Appian closed this week at $60.24 and inched a slightly good 1.18%. Counting this, it's been 3 climbing weeks in a row, soaring a 53.97%. By mid July APPN plummed a spooky -6.14% in just one week.
Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $39.92 resistance. APPN touched new all-time highs back again this week, peaking to $61.27. Since early April when SMA20w and SMA40w crossed up, APPN price gained $25.81 per share (74.96%). Since early January when APPN stock price broke up the SMA40w line, it gained $33.33 (123.86%).
Appian stock price history
Appian stock went public on May 25th, 2017 with a price of $15.001. Since then, APPN stock grew a 301.60%, with an average of 150.80% per year. If you had invested $1,000 in Appian stock in 2017, it would worth $3,016.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Appian stock historical price chart
APPN stock reached all-time highs yesterday with a price of $61.27.
Appian stock price target is $37.00Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 4 price predictions for Appian stock released in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-9||SunTrust Banks||Raises Target||$32.00||$46.00||43.8%|
|2019-2-22||Canaccord Genuity||Raises Target||$27.00||$33.00||22.2%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Appian reported its latest financial data, posting a more than good climb for the Earnings per Share (EPS) ratio. Experts expected $-0.19 per share, but Appian posted $-0.22.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a super good increase of 28.29% to $226.74 million USD. When comparing 2018 vs 2017, nonetheless, profit margin (that is, the net income divided by revenues) declined a -4.27% to -21.81%.
|2014||$89 M||-||$-17.06 M-19.2%||-|
|2015||$111 M||24.95%||$-6.99 M-6.3%||-59.04%|
|2016||$133 M||19.53%||$-12.46 M-9.4%||78.35%|
|2017||$177 M||32.96%||$-31.01 M-17.5%||148.83%|
|2018||$227 M||28.29%||$-49.45 M-21.8%||59.48%|
Quarterly financial resultsAppian reported $60.22 million in revenues for 2018-Q4, a 9.59% up compared to previous quarter. Reported quarter income marked $-13.90 M with a profit margin of -23.09%. Profit margin inched a 4.26% compared to previous quarter when profit margin was -27.35%. When comparing revenues to same quarter last year, Appian sales marked an astounding gain and boosted a 19.09%.
|2017-Q1||$38 M||-||$-3.40 M-8.9%||-|
|2017-Q2||$43 M||12.71%||$-14.46 M-33.5%||325.29%|
|2017-Q3||$45 M||3.35%||$-6.28 M-14.1%||-56.54%|
|2017-Q4||$51 M||13.25%||$-6.87 M-13.6%||9.31%|
|2018-Q1||$52 M||2.24%||$-9.55 M-18.5%||39.07%|
|2018-Q2||$60 M||15.84%||$-10.97 M-18.3%||14.80%|
|2018-Q3||$55 M||-8.24%||$-15.03 M-27.3%||37.03%|
|2018-Q4||$60 M||9.59%||$-13.90 M-23.1%||-7.49%|
Appian ownershipWhen you are planning to invest in shares of a company, it's worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Appian, 1.53% of all outstanding shares are owned by its staff.
In case of Appian stock, 58.24% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for APPN stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Appian:
|Market cap||$1.1 B||$19.2 B|
|Total shares||19.0 M||94.3 M|
|Float shares||22.8 M||93.5 M|
|- Institutional holdings (%)||58.2%||83.9%|
|- Insider holdings (%)||1.5%||2.8%|
|Shares in short selling||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$57.79 - $60.55|
|Average true range||$3.40|
|50d mov avg||$41.44|
|100d mov avg||$37.63|
|200d mov avg||$34.48|
Appian performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked Array as the bechmarking frame for Appian stock.
|PANWPalo Alto Network...||-5.78%||-11.44%||-9.61%|