Could AppFolio, Inc. (APPF) Change Direction After Reaching 52-Week High?

May 18, 2018 - By Stephen Andrade

AppFolio, Inc. (NASDAQ:APPF) Logo

The stock of AppFolio, Inc. (NASDAQ:APPF) hit a new 52-week high and has $59.48 target or 3.00 % above today’s $57.75 share price. The 5 months bullish chart indicates low risk for the $1.97 billion company. The 1-year high was reported on May, 18 by If the $59.48 price target is reached, the company will be worth $59.19M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.26% or $0.15 during the last trading session, reaching $57.75. About 10,586 shares traded. AppFolio, Inc. (NASDAQ:APPF) has risen 52.12% since May 18, 2017 and is uptrending. It has outperformed by 40.57% the S&P500.

Analysts await AppFolio, Inc. (NASDAQ:APPF) to report earnings on August, 6. They expect $0.13 EPS, up 62.50 % or $0.05 from last year’s $0.08 per share. APPF’s profit will be $4.44M for 111.06 P/E if the $0.13 EPS becomes a reality. After $0.12 actual EPS reported by AppFolio, Inc. for the previous quarter, Wall Street now forecasts 8.33 % EPS growth.

More important recent AppFolio, Inc. (NASDAQ:APPF) news were published by: which released: “AppFolio, Inc. Announces First Quarter 2018 Financial Results” on April 30, 2018, also published article titled: “Why AppFolio, Inc. Stock Climbed 17.4% in April”, published: “AppFolio Named One Of Highest-Rated Public Cloud Computing Companies To Work For” on May 09, 2018. More interesting news about AppFolio, Inc. (NASDAQ:APPF) was released by: and their article: “1 Hot Small-Cap Stock to Buy in May” with publication date: May 12, 2018.

AppFolio, Inc. provides industry-specific cloud software solutions for small and medium-sized businesses in property management and legal industries. The company has market cap of $1.97 billion. It offers AppFolio Property Manager, a solution for the operational requirements of small and medium-sized property managers, including posting and tracking tenant vacancies, handling the leasing process electronically, administering maintenance and repairs with their vendor networks, and managing accounting and reporting to property owners, as well as for communicating with tenants and owners. It has a 206.25 P/E ratio. The firm also provides MyCase, a practice and case management solution that provides time tracking, billing, calendaring, client communication, and coordination with other lawyers and support staff, and legal document management and assembly for practitioners and small law firms.

AppFolio, Inc. (NASDAQ:APPF) Ratings Chart

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