Appian stock: buy or sell?

APPN stock price: $60.24 2.17% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

4

Appian rose 2.17% to $60.24 after yesterday all time highs. On Friday APPN boosted an amazing 5.73%.

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:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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.
Is APPN a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-9SunTrust Banksn/aHold
2019-5-23Morgan StanleyUnderweightEqual Weight
2019-2-22Canaccord GenuityHoldHold
2019-2-22Canaccord GenuityHoldHold
2019-2-1Goldman Sachs Groupn/aSell

Appian stock analysis

Daily outlook

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.

APPN stock chart (daily)

Weekly outlook

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%).

APPN stock chart (weekly)

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 $37.00

Predicting 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:
APPN stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-9SunTrust BanksRaises Target$32.00$46.0043.8%
2019-5-23Morgan StanleyUpgrades$30.00$36.0020%
2019-2-22Canaccord GenuityReiterates$27.00$33.0022.2%
2019-2-22Canaccord GenuityRaises Target$27.00$33.0022.2%
(in average)$29.00$37.0028.0%
The price prediction for Appian stock is $37.00, moving in a range between $46.00 and $33.00. In average, analysts' outlook on APPN price forecast is positive, increasing the prediction by a 28.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
APPN earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.06n/a
2017-Q2-n/a-0.34n/a
2017-Q3-n/a-0.1n/a
2017-Q42018-02-22-0.18-0.11n/a
2018-Q12018-05-03-0.21-0.16n/a
2018-Q22018-08-02-0.2-0.18n/a
2018-Q32018-11-01-0.21-0.24n/a
2018-Q42019-02-21-0.19-0.22n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared 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%.

APPN annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$89 M-$-17.06 M-19.2%-
2015$111 M24.95%$-6.99 M-6.3%-59.04%
2016$133 M19.53%$-12.46 M-9.4%78.35%
2017$177 M32.96%$-31.01 M-17.5%148.83%
2018$227 M28.29%$-49.45 M-21.8%59.48%

Quarterly financial results

Appian 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%.
APPN quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$38 M-$-3.40 M-8.9%-
2017-Q2$43 M12.71%$-14.46 M-33.5%325.29%
2017-Q3$45 M3.35%$-6.28 M-14.1%-56.54%
2017-Q4$51 M13.25%$-6.87 M-13.6%9.31%
2018-Q1$52 M2.24%$-9.55 M-18.5%39.07%
2018-Q2$60 M15.84%$-10.97 M-18.3%14.80%
2018-Q3$55 M-8.24%$-15.03 M-27.3%37.03%
2018-Q4$60 M9.59%$-13.90 M-23.1%-7.49%

Appian ownership

When 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:

APPNPANW
Market cap$1.1 B$19.2 B
Total shares19.0 M94.3 M
Float shares22.8 M93.5 M
  - Institutional holdings (%)58.2%83.9%
  - Insider holdings (%)1.5%2.8%
Shares in short selling0.0%0.0%

Appian summary

Thursday, August 22nd, 2019
Open$59.01
Close$60.24
Day range$57.79 - $60.55
Previous close$58.96
Session gain2.17%
Average true range$3.40
50d mov avg$41.44
100d mov avg$37.63
200d mov avg$34.48
Daily patternlt06a
Weekly pattern lb02c

Appian performance

Stocks 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.
Stock3m6m12m
APPNAppian73.60%69.31%72.90%
PANWPalo Alto Network...-5.78%-11.44%-9.61%

Appian competitors

Defining a list of competitors for Appian it's tough. We selected just one public company that in our opinion is related to and can be considered Appian competitor: