Appian stock: buy or sell?
December 6th, 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?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having 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.
None of our preferred buy setups matches with Appian stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|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 30 days. 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 shares stayed stable 0.00% to $41.00 today.
Appian shares stayed steady 0.00% to $41.00 today. Since price and SMA200d lines crossed up on Nov/25, APPN climbed $0.40 (0.99%). On August, APPN hit new all time highs, pushing higher previous ATH of $61.27 recorded on August. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
After boosting an exceptional 5.76% in a week last week, Appian closed this week at $41.00 and collapsed a shocking -4.83%.
Far behind is the all-time high Appian hit by mid August and since then the price is -34.86% below that top. Since early April when SMA20w and SMA40w crossed up, APPN price gained $6.57 per share (19.08%).
Appian stock price history
Appian stock went public on May 25th, 2017 with a price of $15.001. Since then, APPN stock surged a 173.30%, with an average of 86.70% per year. If you had invested right after APPN's IPO a $1,000 in Appian stock in 2017, it would worth $1,733.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Appian stock historical price chart
APPN stock reached all-time highs on August with a price of $62.94.
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. You should not follow the analysts' APPN stock price predictions in the hope that they will be met as they may be wrong and not met. We have 4 price predictions for Appian stock released in the last 30 days:
|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 presented its financial report, posting an excellent climb for the Earnings per Share (EPS). Experts were expecting $-0.19 per share, but Appian posted $-0.22.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw an exceptional growth of 28.29% to $226.74 M USD. However, its income margin (compared to sales) declined to -21.81%, that is $-49.45 million.
|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 M in sales for 2018-Q4, a 9.59% up compared to previous quarter. Reported quarter income marked $-13.90 million with a profit margin of -23.09%. Profit margin raised 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 extraordinary gain and skyrocketed 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 buy a company, it's always worth to have a look its ownership structure.
Appian shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.53% of all shares.
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.
For a better context understanding, the following table shows ownership data compared to other related companies:
|Market cap||$1.4 B||$22.2 B|
|Total shares||34.2 M||97.0 M|
|Float shares||25.6 M||88.5 M|
|- Institutional holdings (%)||58.2%||83.9%|
|- Insider holdings (%)||1.5%||2.8%|
|Shares in short selling||0.0%||0.0%|
|Friday, December 6th, 2019|
|Day range||$40.78 - $41.28|
|Average true range||$1.70|
|50d mov avg||$44.26|
|100d mov avg||$46.69|
|200d mov avg||$40.79|
Appian performanceTo better understand Appian performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare Appian performance to Array:
|PANWPalo Alto Network...||6.00%||17.05%||30.72%|