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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
Price
Volume
Vol 1d %
SMA 10
SMA 20
SMA 50
SMA 100
SMA 200
RSI
Stochastic %K
Stochastic %D
StochRSI %K
StochRSI %D
MACD
MACD Signal
MACD Histogram
Beta
PRO
PROS HOLDINGS INC
$30.63440,84092.03%32.0632.9734.7235.3535.3330.167.058.778.7210.47-1.14-0.86-0.271.44
MLNK
MERIDIANLINK INC
$16.73201,982-20.07%10.6010.589.298.938.8065.0981.4880.0064.1668.750.340.42-0.071.09
DGHI
DIGIHOST TECHNOLOGY INC
$1.3320,647-65.20%1.421.371.401.611.4445.6736.1543.1834.9846.060.000.000.002.41
COMP
COMPASS INC
$4.126,786,0402.79%3.493.403.483.523.1765.8487.8679.3391.9085.820.09-0.010.102.51
CXAI
CXAPP INC
$3.351,113,5448.85%3.483.533.402.392.5246.9732.5937.2837.9946.18-0.030.01-0.040.70
LPSN
LIVEPERSON INC
$0.668,557,389215.14%0.580.550.801.882.7348.5466.7969.7985.8288.37-0.07-0.120.041.41
FAAS
DIGIASIA CORP
$7.8214,422-62.34%14.1314.1814.1514.1913.3551.5196.3165.8897.5865.86-0.03-0.030.000.04
BCOV
BRIGHTCOVE INC
$1.92114,817-13.77%1.881.781.862.102.6557.1172.6775.3675.9278.420.02-0.010.030.93
RDDT
REDDIT INC
$58.198,067,15882.52%49.5646.03N/AN/AN/A69.6279.7777.9693.8293.82N/AN/AN/A1.41
RBT
RUBICON TECHNOLOGIES INC
$0.24506,683-42.13%0.320.350.440.842.1029.712.632.751.635.42-0.05-0.05-0.010.98
IFBD
INFOBIRD CO LTD
$3.9395,58118.70%4.074.084.636.4020.4044.3015.3116.2726.3727.89-0.26-0.310.050.99
TGL
TREASURE GLOBAL INC
$4.82594,445114.23%4.454.504.475.3914.0953.3653.0849.0985.2083.860.03-0.050.080.44
PRST
PRESTO AUTOMATION INC
$0.17218,515-29.94%0.170.170.200.271.1642.1735.7142.8617.8041.46-0.01-0.010.000.84
CYN
CYNGN INC
$0.079,327,191-21.89%0.100.100.140.160.2922.922.432.140.0016.89-0.02-0.01-0.00-0.20
AISP
AIRSHIP AI HOLDINGS INC
$5.49368,65811.40%6.236.867.885.137.9239.4712.6912.935.6711.05-0.59-0.39-0.21-0.34
RNG
RINGCENTRAL INC
$36.631,095,25714.32%32.2831.1832.9433.1031.6771.3996.7688.7099.6596.610.66-0.190.841.33
SGN
SIGNING DAY SPORTS INC
$0.2896,848-34.96%0.300.290.360.57N/A42.5538.9045.5069.3776.84-0.02-0.020.011.77
NUKK
NUKKLEUS INC
$0.8355,882-29.01%0.860.880.901.466.3342.7331.2436.1638.6350.84-0.02-0.030.00-0.15
KC
KINGSOFT CLOUD HOLDINGS LTD
$3.601,826,234120.76%3.303.063.063.014.0365.0272.8767.2263.5959.190.120.070.042.24
MSTR
MICROSTRATEGY INC
$1,245.96860,933-38.00%1,189.521,223.181,416.651,017.62713.9848.3360.2559.7287.7488.73-42.45-49.737.281.59
RYDE
RYDE GROUP LTD
$7.73367,44210.25%5.944.75N/AN/AN/A70.4084.0687.4476.4188.240.970.410.550.68
FRGT
FREIGHT TECHNOLOGIES INC
$0.64143,196-63.04%0.700.801.131.922.9126.163.846.237.5313.94-0.14-0.150.010.55
RTC
BAIJIAYUN GROUP LTD
$1.2371,700-91.13%1.401.281.091.502.6348.7236.3543.487.9117.580.060.08-0.020.08
DPSI
DECISIONPOINT SYSTEMS INC
$10.01135,57676.02%9.829.108.777.876.7070.7497.7997.9299.0299.320.430.320.110.10
ETWO
E2OPEN PARENT HOLDINGS INC
$4.86738,48841.98%4.844.474.324.184.1264.7384.3682.8793.0492.810.190.150.041.22
EVBG
EVERBRIDGE INC
$34.71890,977-43.41%34.7734.8134.8529.9126.2556.8752.6356.8515.2720.770.130.21-0.080.97
ALIT
ALIGHT INC
$7.449,150,511-31.97%8.578.859.148.998.2720.218.0417.310.0010.41-0.37-0.18-0.191.06
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
$3.1237,90945.42%3.413.724.204.799.4336.193.827.280.001.87-0.25-0.20-0.051.96
LKCO
LUOKUNG TECHNOLOGY CORP
$0.6017,36219.55%0.540.530.600.590.7358.9886.9286.8498.8499.61-0.00-0.020.020.93
RMCO
ROYALTY MANAGEMENT HOLDING CORP
$0.925,924-82.58%0.900.931.121.375.0243.0171.1264.3584.2773.98-0.06-0.070.010.04
EZFL
EZFILL HOLDINGS INC
$2.5832,425150.42%2.602.492.171.882.1456.1346.2558.9325.3753.620.140.15-0.010.26
GETR
GETAROUND INC
$0.21653,638-86.14%0.210.210.250.240.2843.5821.5420.6072.8568.59-0.01-0.010.000.14
MRT
MARTI TECHNOLOGIES INC
$1.7586,402-40.04%12.3612.1713.1613.6614.6046.5651.2155.1586.1388.96-0.18-0.270.09-0.02
KVYO
KLAVIYO INC
$24.001,005,975-55.92%22.9823.0524.2425.83N/A52.9169.7754.7494.1574.88-0.27-0.500.231.96
VCSA
VACASA INC
$5.6782,753-65.29%7.026.776.747.658.6133.7017.7733.627.0222.04-0.090.04-0.141.52
XTIA
XTI AEROSPACE INC
$1.58294,268-0.11%1.982.372.924.047.9232.172.605.050.000.70-0.38-0.32-0.061.18
DBD
DIEBOLD NIXDORF INC
$42.25129,038-19.11%37.8735.1234.4732.60N/A79.0595.9195.86100.00100.002.111.111.000.93
BNZI
BANZAI INTERNATIONAL INC
$0.31476,15223.87%0.340.350.501.125.8131.4927.1719.8476.5461.08-0.06-0.080.010.05
RBRK
RUBRIK INC
$32.79488,290-20.00%33.36N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A3.18
DHX
DHI GROUP INC
$2.44239,39457.11%2.582.502.522.492.7546.5625.6446.6212.9037.790.030.03-0.000.96
XELA
EXELA TECHNOLOGIES INC
$2.65261,717489.78%2.352.222.372.473.1460.1460.6058.1481.1579.090.04-0.020.061.43
NVNI
NVNI GROUP LTD
$1.471,51840.82%1.441.441.731.91N/A43.0215.629.4860.2355.39-0.08-0.100.021.76
UPLD
UPLAND SOFTWARE INC
$2.93385,091-9.62%2.702.472.613.353.6556.5057.9361.7065.1770.690.08-0.020.101.29
AUUD
AUDDIA INC
$1.6960,16941.84%1.711.822.193.945.6442.1536.6732.2761.1060.34-0.18-0.210.041.35
ENV
ENVESTNET INC
$65.75484,026-2.63%63.9863.1658.8354.7750.1464.9384.6781.8678.0467.221.951.780.181.13
ISDR
ISSUER DIRECT CORP
$9.8527,626-45.06%11.3111.4812.2813.9516.1529.9739.4654.3933.3358.82-0.46-0.36-0.100.38
LDTC
LEDDARTECH HOLDINGS INC
$2.224,47514.74%2.232.222.743.346.9733.6525.8032.3781.2482.37-0.13-0.170.04-0.06
MFI
MF INTERNATIONAL LTD
$1.19285,268-34.54%1.29N/AN/AN/AN/A5.14N/AN/AN/AN/AN/AN/AN/A-10.06
ZPTA
ZAPATA COMPUTING HOLDINGS INC
$1.231,005,04652.56%1.261.495.247.889.3226.4412.539.1430.4023.75-1.00-1.250.250.01
KSPI
JOINT STOCK CO KASPIKZ
$118.57135,72832.12%118.82117.46117.68N/AN/A50.7870.6470.6754.5256.820.790.650.140.84
AILE
ILEARNINGENGINES INC
$7.0234,200-0.20%7.748.0810.0510.2710.3941.9634.6451.0946.4466.60-0.79-0.860.070.07

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. Doubleverify Holdings (NYSE:DV)


Doubleverify Holdings (NYSE:DV) is the top app stock with a Zen Score of 62, which is 36 points higher than the app industry average of 26. It passed 21 out of 33 due diligence checks and has strong fundamentals. Doubleverify Holdings has seen its stock lose -32.01% over the past year, underperforming other app stocks by -60 percentage points.

Doubleverify Holdings has an average 1 year price target of $35.06, an upside of 81.75% from Doubleverify Holdings's current stock price of $19.29.

Doubleverify Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Doubleverify Holdings, 58.82% have issued a Strong Buy rating, 35.29% have issued a Buy, 5.88% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Yalla Group (NYSE:YALA)


Yalla Group (NYSE:YALA) is the second best app stock with a Zen Score of 60, which is 34 points higher than the app industry average of 26. It passed 19 out of 33 due diligence checks and has strong fundamentals. Yalla Group has seen its stock return 26.77% over the past year, underperforming other app stocks by -1 percentage points.

3. Surgepays (NASDAQ:SURG)


Surgepays (NASDAQ:SURG) is the third best app stock with a Zen Score of 60, which is 34 points higher than the app industry average of 26. It passed 19 out of 33 due diligence checks and has strong fundamentals. Surgepays has seen its stock lose -38.7% over the past year, underperforming other app stocks by -66 percentage points.

Surgepays has an average 1 year price target of $10.00, an upside of 165.25% from Surgepays's current stock price of $3.77.

Surgepays stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Surgepays, 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. Sap Se (NYSE:SAP)


Sap Se (NYSE:SAP) has an annual dividend yield of N/A, which is N/A percentage points lower than the app industry average of 2.47%. Sap Se's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Sap Se's dividend has shown consistent growth over the last 10 years.

Sap Se's dividend payout ratio of 49.1% indicates that its dividend yield is sustainable for the long-term.

2. 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 2.47%. 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.

3. American Software (NASDAQ:AMSWA)


American Software (NASDAQ:AMSWA) has an annual dividend yield of 4.39%, which is 2 percentage points higher than the app industry average of 2.47%. 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 0.47% in the last day, and down -0.08% over the last week. Kingsoft Cloud Holdings was the among the top gainers in the software - application industry, gaining 11.46% yesterday.

Shares of US-listed Chinese stocks are trading higher following a rise in consumer prices, indicating a possible rise in consumer demand.

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 57 points higher than the app industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -3.59% in the past year. It has underperformed other stocks in the app industry by -31 percentage points.

2. Yalla Group (NYSE:YALA)


Yalla Group (NYSE:YALA) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Yalla Group has a valuation score of 71, which is 57 points higher than the app industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Yalla Group's stock has gained 26.77% in the past year. It has underperformed other stocks in the app industry by -1 percentage points.

3. Surgepays (NASDAQ:SURG)


Surgepays (NASDAQ:SURG) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Surgepays has a valuation score of 71, which is 57 points higher than the app industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Surgepays's stock has dropped -38.7% in the past year. It has underperformed other stocks in the app industry by -66 percentage points.

Are app stocks a good buy now?

43.58% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 18.99% 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 9.12x.
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.