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Sectors & IndustriesTechnologySoftware - Application
Best App Stocks to Buy Now (2024)
Top app stocks in 2024 ranked by overall Zen Score. See the best app stocks to buy now, according to analyst forecasts for the software - application industry.

Industry: Software - Application
Ticker
Company
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
GWRE
GUIDEWIRE SOFTWARE INC
$9.73B-4.20%-2.60%-3.83%-4.70%0.603.4555.90%-5.50%-7.06%
APPS
DIGITAL TURBINE INC
$213.22M-37.70%-16.70%-20.97%-40.50%1.481.0744.70%-34.50%-30.70%
CRNC
CERENCE INC
$421.33M-4.30%-2.30%3.25%8.40%0.731.9072.70%-8.70%10.66%
WK
WORKIVA INC
$4.49BN/A-8.50%-4.64%-3.80%-15.452.1476.00%-14.20%-5.21%
RNG
RINGCENTRAL INC
$2.80BN/A-8.10%-9.21%-5.30%-4.471.3469.80%-7.50%-5.49%
LKCO
LUOKUNG TECHNOLOGY CORP
$9.11M-39.20%-19.40%-40.61%111.30%0.990.1427.70%-118.70%-120.42%
DGHI
DIGIHOST TECHNOLOGY INC
$45.65M-61.50%-45.50%-59.22%-53.10%0.440.42-37.00%-83.80%-83.65%
PRO
PROS HOLDINGS INC
$1.54BN/A-13.10%-24.69%-23.10%-6.421.1962.00%-18.60%-18.25%
U
UNITY SOFTWARE INC
$9.84B-24.70%-10.90%-13.05%-29.00%1.202.6066.50%-37.60%-37.88%
SSNT
SILVERSUN TECHNOLOGIES INC
$78.88M-12.40%-5.30%-14.62%485.90%1.741.0239.60%-2.00%-2.41%
FAAS
DIGIASIA CORP
$514.92MN/A-12.90%-56.63%-11.40%0.490.9295.30%-19.70%-17.26%
PRST
PRESTO AUTOMATION INC
$13.65MN/A-165.70%138.78%-1,837.40%-1.740.28-3.20%-313.30%-241.74%
BCOV
BRIGHTCOVE INC
$82.17M-24.60%-10.40%-19.46%-60.40%1.300.6761.60%-11.40%-10.78%
RBT
RUBICON TECHNOLOGIES INC
$18.55MN/A-27.30%59.85%-33.20%-1.360.707.20%-8.20%-2.94%
TGL
TREASURE GLOBAL INC
$4.38M-724.00%-166.50%-247.26%-1,612.80%0.341.941.40%-17.50%-17.09%
CXAI
CXAPP INC
$57.66MN/AN/AN/AN/A0.151.15N/AN/AN/A
IFBD
INFOBIRD CO LTD
$133.88k-171.60%-46.70%-122.59%-161.10%3.821.3636.20%-413.50%-369.00%
GETR
GETAROUND INC
$17.70M-313.80%-62.20%-187.56%-309.10%50.660.2790.60%-156.80%-158.53%
NUKK
NUKKLEUS INC
$1.52MN/A-4.50%509.42%14.80%-1.000.99N/AN/AN/A
SGN
SIGNING DAY SPORTS INC
$4.66MN/A-248.80%-244.73%-81.40%1.701.2486.90%-1,781.10%-1,502.56%
AISP
AIRSHIP AI HOLDINGS INC
$152.88M-110.70%110.20%-336.25%161.90%-1.420.4846.90%133.10%133.56%
MSTR
MICROSTRATEGY INC
$22.51B-5.50%-1.90%-4.97%-4.50%1.650.7877.10%-17.40%-61.38%
RTC
BAIJIAYUN GROUP LTD
$140.47M-38.90%-22.40%-35.68%-55.40%0.811.6622.50%-47.20%-43.11%
RYDE
RYDE GROUP LTD
$104.36MN/A-269.50%169.69%863.30%-1.720.3621.40%-148.00%-144.69%
KC
KINGSOFT CLOUD HOLDINGS LTD
$854.10M-35.90%-14.10%-24.42%-130.50%1.140.8912.10%-30.90%-28.55%
ETWO
E2OPEN PARENT HOLDINGS INC
$1.47B-58.10%-30.30%-37.46%-100.20%1.051.0050.10%-168.60%-165.46%
MLNK
MERIDIANLINK INC
$1.33B-7.70%-4.10%2.08%4.50%0.962.2364.30%-14.00%6.44%
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
$2.94B-9.00%-1.60%2.36%3.10%2.101.6458.20%-2.80%3.01%
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
$2.37M-11.90%-3.10%5.94%4.10%2.410.464.30%-8.40%3.08%
PHUN
PHUNWARE INC
$55.55M-604.90%-174.80%521.97%1,826.80%-1.590.3034.90%-1,092.40%-1,055.94%
OMQS
OMNIQ CORP
$3.47MN/A-54.40%80.59%108.90%-2.130.3819.30%-36.30%-32.97%
RMCO
ROYALTY MANAGEMENT HOLDING CORP
$13.78M-102.70%-21.80%-11.02%-13.70%0.420.2067.20%-571.60%-373.90%
DBD
DIEBOLD NIXDORF INC
$1.45BN/AN/AN/AN/A2.881.39N/AN/AN/A
FRGT
FREIGHT TECHNOLOGIES INC
$401.23k-294.70%-71.40%-159.94%-141.10%2.371.5411.20%-41.40%-35.41%
EZFL
EZFILL HOLDINGS INC
$12.95M-1,135.00%-154.60%690.47%-131.10%-4.000.255.90%-45.10%-37.70%
MRT
MARTI TECHNOLOGIES INC
$94.68MN/A-35.70%-119.08%-25.20%-2.231.47-20.20%-168.80%-135.01%
XTIA
XTI AEROSPACE INC
$20.04M-563.70%-164.40%-599.61%-1,156.40%2.691.2168.00%-1,007.20%-902.96%
RBRK
RUBRIK INC
N/AN/AN/A-136.74%N/A-1.110.8476.90%-56.40%-47.33%
ISDR
ISSUER DIRECT CORP
$43.04M2.20%1.20%4.62%14.30%0.840.9176.20%2.30%7.27%
MODN
MODEL N INC
$1.16B-29.10%-6.40%-4.88%-6.70%3.144.0056.70%-12.50%-7.97%
BNZI
BANZAI INTERNATIONAL INC
$6.44MN/A-48.60%27.83%-67.00%-1.170.0868.30%-315.80%-194.06%
ALIT
ALIGHT INC
$5.24B-7.70%-3.20%-2.54%-5.60%1.351.2733.40%-10.10%-6.39%
XELA
EXELA TECHNOLOGIES INC
$16.49MN/A-20.00%9.68%2.40%-1.750.4621.70%-12.60%2.20%
NVNI
NVNI GROUP LTD
N/AN/AN/A-293.41%N/A13.000.1357.60%-339.50%-382.16%
UPLD
UPLAND SOFTWARE INC
$88.02M-122.00%-16.30%-18.90%-25.60%30.612.3468.50%-48.50%-40.95%
AUUD
AUDDIA INC
$3.95M-380.40%-154.60%-1,778.31%2,208.10%9.470.21N/AN/AN/A
MFI
MF INTERNATIONAL LTD
N/AN/AN/AN/AN/A2.090.99N/AN/AN/A
LDTC
LEDDARTECH HOLDINGS INC
$63.30M-4,826.30%-139.90%-102.89%-210.40%13.161.8338.70%-1,251.50%-1,341.67%
ENV
ENVESTNET INC
$3.48B-34.60%-11.90%-12.67%-17.60%2.290.9062.00%-19.20%-16.12%
ZPTA
ZAPATA COMPUTING HOLDINGS INC
$36.66MN/A-20.50%2,240.87%-20.50%-0.240.6019.40%-523.20%-522.86%
AILE
ILEARNINGENGINES INC
$66.46MN/A-12.60%-15.22%-12.50%-1.010.02N/AN/AN/A
KSPI
JOINT STOCK CO KASPIKZ
$22.86BN/AN/AN/AN/A4.17N/AN/AN/AN/A

App Stocks FAQ

What are the best app stocks to buy right now in May 2024?

According to Zen Score, the 3 best software stocks to buy right now are:

1. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) is the top app stock with a Zen Score of 68, which is 41 points higher than the app industry average of 27. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 48.73% over the past year, overperforming other app stocks by 19 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -31.51% from Full Truck Alliance Co's current stock price of $8.76.

Full Truck Alliance Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Full Truck Alliance Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the second best app stock with a Zen Score of 66, which is 39 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Red Violet has seen its stock return 10.38% over the past year, underperforming other app stocks by -19 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 37.51% from Red Violet's current stock price of $18.18.

Red Violet stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Red Violet, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the third best app stock with a Zen Score of 64, which is 37 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock return 4.43% over the past year, underperforming other app stocks by -25 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 25.77% from Agilysys's current stock price of $79.51.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Agilysys, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the app stocks with highest dividends?

Out of 17 app stocks that have issued dividends in the past year, the 3 app stocks with the highest dividend yields are:

1. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) has an annual dividend yield of 12.77%, which is 10 percentage points higher than the app industry average of 2.39%. Mind Cti's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Mind Cti's dividend has not shown consistent growth over the last 10 years.

Mind Cti's dividend payout ratio of 92.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Upbound Group (NASDAQ:UPBD)


Upbound Group (NASDAQ:UPBD) has an annual dividend yield of 4.53%, which is 2 percentage points higher than the app industry average of 2.39%. Upbound Group's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Upbound Group's dividend has shown consistent growth over the last 10 years.

Upbound Group's dividend payout ratio of -322.7% indicates that its high dividend yield might not be sustainable for the long-term.

3. American Software (NASDAQ:AMSWA)


American Software (NASDAQ:AMSWA) has an annual dividend yield of 4.34%, which is 2 percentage points higher than the app industry average of 2.39%. American Software's dividend payout is stable, having never dropped by more than 10% in the last 10 years. American Software's dividend has shown consistent growth over the last 10 years.

American Software's dividend payout ratio of 122.2% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks up?

App stocks were up 1.8% in the last day, and up 1.15% over the last week. Microstrategy was the among the top gainers in the software - application industry, gaining 3.74% yesterday.

Shares of crypto-related stocks are trading lower amid a flat crypto market on Tuesday. Also, miners may be impacted by the recent halving.

What are the most undervalued app stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued app stocks right now are:

1. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) is the most undervalued app stock based on WallStreetZen's Valuation Score. Mind Cti has a valuation score of 71, which is 54 points higher than the app industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -3.09% in the past year. It has underperformed other stocks in the app industry by -33 percentage points.

2. Adeia (NASDAQ:ADEA)


Adeia (NASDAQ:ADEA) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Adeia has a valuation score of 71, which is 54 points higher than the app industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Adeia's stock has gained 37.6% in the past year. It has overperformed other stocks in the app industry by 8 percentage points.

3. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Red Violet has a valuation score of 71, which is 54 points higher than the app industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Red Violet's stock has gained 10.38% in the past year. It has underperformed other stocks in the app industry by -19 percentage points.

Are app stocks a good buy now?

44.25% of app stocks rated by analysts are a buy right now. On average, analysts expect app stocks to rise by 17.9% over the next year.

What is the average p/e ratio of the software - application industry?

The average P/E ratio of the software - application industry is 92.35x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.