Appian stock: buy or sell?

APPN stock price: $62.04 2.16% At close on May 22nd, 2020

Updated on:
May 22nd, 2020

4

Appian ended on May/22 at $62.04 after marking a new all time high ($64.69) and soared a remarkable 2.16%. May/22 was the 5th climbing day in a row, soaring 22.88%. On Tuesday APPN rocketed an astounding 6.96%. On May 13th APPN collapsed a spooky -5.66%.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, 2 buy setups work 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?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for APPN stock for the last 30 days.

Appian stock analysis

Daily outlook

Appian soared 2.16% to $62.04 after topping to all time highs on May/22.

Appian shares set new all time highs back again on May 22nd, setting highs to $64.69. Shares ended at $62.04 and soared 2.16%. In the last 10 days when APPN stock price broke up the SMA200d line, it gained $16.46 (36.11%). APPN shows a strong short term uptrend with several rising tops and rising bottoms. Since its last bottom on May 14th, APPN climbed unceasignly breaking out to new all time highs.

APPN stock chart (daily)

Weekly outlook

Appian touched new all time highs again this week, marking to $64.69. Shares closed at $62.04 and boosted 21.41% during the week. Late March APPN collapsed a frightening -24.36% in just one week. This week was the 3rd green week in a row.

Appian is in a clear downtrend, marking consecutive falling peaks and bottoms. Now is trading in between the - range. If the support holds the price, this might mark a double bottom shape and create a flat-base to reverse this downtrend. Since this week when SMA20w and SMA40w crossed up, APPN price gained $10.94 per share (21.41%). Since price and SMA40w lines crossed up early May, APPN climbed $19.79 (46.84%).

APPN stock chart (weekly)

Appian stock price history

Appian IPO was on May 25th, 2017 at $15.00 per share1. Since then, APPN stock surged a 313.60%, with a yearly average of 156.80%. If you had invested $1,000 in Appian stock in 2017, it would worth $3,136.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Appian stock historical price chart

APPN stock reached all-time highs on May/22 with a price of $64.69.

Appian stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. 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. For the last 30 days we have not found any price prediction for Appian stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Appian presented great results for 2018-Q4 . Appian jumped Earnings per Share (EPS) by 15.80%, beating analysts estimates of $-0.19. 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 sales report draw an outstanding growth of 28.29% to $226.74 million USD. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) decreased 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 earnings marked $-13.90 M 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 a super good increase 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

Checking Appian ownership structure gives valuable information about the company and its governance (insider ownership) or the amount of investors that are on the short side.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Appian, 1.02% of all outstanding shares are owned by its staff.

Bearish positions for APPN stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related stocks:

APPN
Market cap$2.2 B
Total shares34.8 M
Float shares26.3 M
  - Institutional holdings (%)84.7%
  - Insider holdings (%)1.0%
Shares in short selling0.0%

Appian summary

Friday, May 22nd, 2020
Open$61.60
Close$62.04
Day range$60.00 - $64.69
Previous close$60.73
Session gain2.16%
Average true range$4.27
50d mov avg$42.76
100d mov avg$45.80
200d mov avg$46.35
Daily patternlb03c
Weekly pattern lt02a

Appian performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared Appian against in the following table:
Stock3m6m12m
APPNAppian27.52%52.81%78.79%

Appian competitors

Unfortunately, we could not find any public company that could be defined as Appian competitor. This doesn't mean Appian does not have any competitor in the market, it's just we could not detected it.