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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
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
CRNC
CERENCE INC
$4.99N/AN/A-0.74xN/A0.60x0.45xN/A-$4.53M-2.18%$463.40M11.11$400.38M-2.04
MRIN
MARIN SOFTWARE INC
$2.71N/AN/A-0.43xN/A0.48x0.73xN/A-$13.85M-168.97%$11.58M3.83$468.24k-0.03
XTKG
X3 HOLDINGS CO LTD
$0.85N/AN/A-0.24xN/A1.55x1.66xN/A-$11.83M-45.35%$132.84M4.32$225.66M-2.17
SSNT
SILVERSUN TECHNOLOGIES INC
$15.26N/AN/A-69.36xN/A1.45x10.66xN/A$1.56M1.92%$7.61M1.43$77.21M-238.94
LYFT
LYFT INC
$17.04N/AN/A-36.26x-154.91x1.46x13.99xN/A$96.37M1.41%$491.33M1.22$7.33B-280.48
PWSC
POWERSCHOOL HOLDINGS INC
$18.32N/AN/A-79.65xN/A4.18x2.89xN/A$97.48M3.23%$1.29B7.83$4.67B26.23
WK
WORKIVA INC
$84.33N/AN/A-49.03x-153.33x7.06x-55.60xN/A$88.03M1.90%-$83.16M-1.51$5.11B-219.75
EGHT
8X8 INC
$2.78N/AN/A-6.32x-6.62x0.46x3.13xN/A$61.27M17.99%$109.67M0.90$717.34M-302.80
SVCO
SILVACO GROUP INC
$19.24N/AN/A-962.00xN/A7.09xN/AN/A$841.00k0.22%$9.40M0.47N/AN/A
APPS
DIGITAL TURBINE INC
$2.36N/AN/A-1.20x1.32x0.42x0.54xN/A$33.65M14.07%$445.70M4.40$565.34M-6.15
SPPL
SIMPPLE LTD
$0.73N/AN/A-18.20xN/A2.20xN/AN/A-$869.36k-8.24%$237.53k0.02N/AN/A
ALIT
ALIGHT INC
$7.51N/AN/A-9.75x9.39x1.34x0.93xN/A$263.00M6.23%$4.52B8.05$6.75B42.44
PRO
PROS HOLDINGS INC
$30.91N/AN/A-29.44x-17.76x4.65x-17.29xN/A$10.09M0.70%-$84.02M-1.80$1.61B-42.80
MLNK
MERIDIANLINK INC
$17.14N/AN/A-32.34x41.80x4.36x2.82xN/A$58.86M4.44%$466.33M6.03$1.68B21.06
COMP
COMPASS INC
$4.32N/AN/A-6.97x-19.64x0.42x6.47xN/A$27.80M1.32%$330.30M0.67$2.49B-11.87
WAVD
WAVEDANCER INC
$2.98N/AN/A-4.45xN/A0.78x3.51xN/A-$1.17M-19.50%$1.71M0.85$6.01M-6.15
DATS
DATCHAT INC
$1.78N/AN/A-0.50xN/AN/A0.78xN/A-$6.30M-126.42%$6.84M2.44$5.16M-0.73
TGL
TREASURE GLOBAL INC
$5.56N/AN/A-0.23xN/A0.11x2.36xN/A-$6.69M-162.86%$3.07M4.16$7.05M-0.94
LPSN
LIVEPERSON INC
$0.79N/AN/A-0.55xN/A0.18x3.64xN/A-$43.28M-62.39%$19.18M0.22$456.90M-7.23
IFBD
INFOBIRD CO LTD
$4.18N/AN/A-0.00xN/A0.04x0.02xN/A-$4.17M-3,601.41%$6.94M250.66$129.85kN/A
CYN
CYNGN INC
$0.07N/AN/A-0.15xN/A9.13x1.30xN/A-$20.55M-365.75%$7.97M0.10$8.99M-0.40
RDDT
REDDIT INC
$62.34N/AN/AN/AN/AN/A5.54xN/AN/AN/A$1.84B26.17$9.25BN/A
BCOV
BRIGHTCOVE INC
$2.00N/AN/A-9.09xN/A0.43x0.92xN/A$11.40M12.95%$97.26M2.21$87.26M8.89
MOGO
MOGO INC
$1.70N/AN/A-4.02xN/A0.85x0.63xN/A-$11.14M-26.82%$66.17M2.71$97.48M33.79
MSTR
MICROSTRATEGY INC
$1,297.63N/AN/A-140.13x333.58x45.57x9.59xN/A-$82.00k-0.00%$2.40B139.59$26.55B-95.60
RNG
RINGCENTRAL INC
$37.68N/AN/A-25.29x-47.70x1.56x-6.65xN/A$313.39M8.93%-$522.37M-5.61$4.84B31.74
IDEX
IDEANOMICS INC
$1.18N/AN/A-0.02x0.47x0.38x0.86xN/A-$64.85M-470.08%$16.43M1.41$44.38M-0.13
CMCM
CHEETAH MOBILE INC
$4.18N/AN/A-1.48xN/A1.33x0.37xN/A$79.19M64.33%$339.68M11.53-$153.81M1.82
KC
KINGSOFT CLOUD HOLDINGS LTD
$3.39N/AN/A-2.67xN/A0.82x0.91xN/A-$292.60M-36.43%$952.99M4.02$707.89M-4.97
RYDE
RYDE GROUP LTD
$7.40N/AN/A-10.07xN/A15.10x-26.20xN/A-$1.19M-1.23%-$5.40M-0.42$144.02M-16.14
SGN
SIGNING DAY SPORTS INC
$0.32N/AN/A-0.79xN/A14.00x2.84xN/A-$5.92M-138.82%$1.74M0.13$5.60M-1.26
EVBG
EVERBRIDGE INC
$34.74N/AN/A-26.93x-86.85x3.18x5.02xN/A$32.96M2.29%$288.16M6.97$1.68B101.63
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
$3.08N/AN/A-2.23xN/A0.09x0.26xN/A-$3.93M-197.31%$8.22M12.73$9.19M-2.43
EZFL
EZFILL HOLDINGS INC
$2.66N/AN/A-1.06xN/A0.46x-3.86xN/A-$5.24M-46.28%-$3.31M-0.78$20.51M-3.29
KVYO
KLAVIYO INC
$23.44N/AN/AN/AN/AN/A6.62xN/AN/AN/A$937.45M3.59$5.49BN/A
XTIA
XTI AEROSPACE INC
$1.64N/AN/A-0.02xN/A0.22x2.57xN/A-$29.57M-2,999.02%$6.34M10.54$19.09M-0.50
DBD
DIEBOLD NIXDORF INC
$42.52N/AN/AN/AN/AN/A1.58xN/AN/AN/A$1.01B26.94$2.32BN/A
RPD
RAPID7 INC
$38.11N/AN/A-19.35x-23.97x2.95x-27.48xN/A$112.79M4.78%-$86.45M-1.40$3.20B-1,341.78
VCSA
VACASA INC
$5.30N/AN/A-0.19x-1.10x0.07x6.83xN/A-$122.17M-171.19%$17.41M1.29-$192.52M0.70
RBRK
RUBRIK INC
$33.98N/AN/A-5.82xN/A3.28xN/AN/A-$24.53M-1.19%-$1.42B-23.41N/AN/A
SLNH
SOLUNA HOLDINGS INC
$2.63N/AN/A-0.09xN/A0.16x0.28xN/A-$13.26M-383.76%$26.51M20.18$17.88M-1.29
XELA
EXELA TECHNOLOGIES INC
$2.89N/AN/A-0.13xN/A0.02x-0.02xN/A$21.47M116.75%-$855.50M-134.40$1.06B12.64
GREE
GREENIDGE GENERATION HOLDINGS INC
$2.49N/AN/A-0.56x-0.53x0.24x-0.48xN/A-$19.00M-114.58%-$51.02M-7.66$79.77M-24.55
NVNI
NVNI GROUP LTD
$1.47N/AN/A-0.55xN/A1.86xN/AN/AN/AN/A$5.31M0.17N/AN/A
JFU
9F INC
$3.05N/AN/A-0.42xN/A0.34x0.07xN/AN/AN/A$504.13M42.92-$294.21MN/A
LCFY
LOCAFY LTD
$3.10N/AN/A-7.85xN/A1.43x1.55xN/A-$1.14M-28.81%$2.55M1.99$4.05MN/A
ENV
ENVESTNET INC
$66.49N/AN/A-18.62x24.72x2.87x6.31xN/A$83.24M2.28%$580.90M10.58$4.59B-95.50
AUUD
AUDDIA INC
$1.56N/AN/A-0.14xN/AN/A2.24xN/A-$5.87M-337.82%$1.95M1.75$4.75M-0.82
UPLD
UPLAND SOFTWARE INC
$2.97N/AN/A-0.62xN/A0.29x4.07xN/A$38.05M44.31%$20.12M0.70$329.53M-6.32
NATL
NCR ATLEOS CORP
$25.57N/AN/AN/AN/A0.43x6.52xN/A$244.00M13.33%$283.00M3.95$4.29B9.08
FLUT
FLUTTER ENTERTAINMENT PLC
$201.80N/AN/AN/AN/AN/A3.77xN/AN/AN/A$9.50B53.50$40.00BN/A
MFI
MF INTERNATIONAL LTD
$1.31N/AN/AN/AN/AN/AN/AN/AN/AN/A$1.29M0.10N/AN/A
MSGM
MOTORSPORT GAMES INC
$2.74N/AN/A-0.82xN/A0.91x4.56xN/A-$8.10M-108.54%$2.06M0.76$8.27M-1.22
KSPI
JOINT STOCK CO KASPIKZ
$119.97N/AN/AN/AN/AN/A7.57xN/AN/AN/A$3.01B15.85$21.35BN/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. Riot Platforms (NASDAQ:RIOT)


Riot Platforms (NASDAQ:RIOT) is the top app stock with a Zen Score of 68, which is 43 points higher than the app industry average of 25. It passed 22 out of 33 due diligence checks and has strong fundamentals. Riot Platforms has seen its stock lose -11.73% over the past year, underperforming other app stocks by -33 percentage points.

Riot Platforms has an average 1 year price target of $17.86, an upside of 82.59% from Riot Platforms's current stock price of $9.78.

Riot Platforms stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Riot Platforms, 57.14% have issued a Strong Buy rating, 42.86% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Doubleverify Holdings (NYSE:DV)


Doubleverify Holdings (NYSE:DV) is the second best app stock with a Zen Score of 62, which is 37 points higher than the app industry average of 25. It passed 21 out of 33 due diligence checks and has strong fundamentals. Doubleverify Holdings has seen its stock lose -33.45% over the past year, underperforming other app stocks by -55 percentage points.

Doubleverify Holdings has an average 1 year price target of $35.06, an upside of 85.69% from Doubleverify Holdings's current stock price of $18.88.

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.

3. Yalla Group (NYSE:YALA)


Yalla Group (NYSE:YALA) is the third best app stock with a Zen Score of 60, which is 35 points higher than the app industry average of 25. It passed 19 out of 33 due diligence checks and has strong fundamentals. Yalla Group has seen its stock return 28.35% over the past year, overperforming other app stocks by 7 percentage points.

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 2.45%. 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 12.8%, which is 10 percentage points higher than the app industry average of 2.45%. 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 4.41%, which is 2 percentage points higher than the app industry average of 2.45%. 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 0.87% in the last day, and up 0.76% over the last week. Liveperson was the among the top gainers in the software - application industry, gaining 19.24% yesterday.

LivePerson shares are trading higher amid strength in high-short interest stocks after retail trader 'Roaring Kitty' returned to social media. The company entered into a binding agreement to exchange its existing principal amount of Senior Convertible Notes due 2026 for new Senior Secured Convertible Notes due 2029.

What are the most undervalued app stocks?

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

1. Heritage Global (NASDAQ:HGBL)


Heritage Global (NASDAQ:HGBL) is the most undervalued app stock based on WallStreetZen's Valuation Score. Heritage Global has a valuation score of 100, which is 86 points higher than the app industry average of 14. It passed 7 out of 7 valuation due diligence checks.

Heritage Global's stock has dropped -25.08% in the past year. It has underperformed other stocks in the app industry by -46 percentage points.

2. Doubledown Interactive Co (NASDAQ:DDI)


Doubledown Interactive Co (NASDAQ:DDI) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Doubledown Interactive Co has a valuation score of 86, which is 72 points higher than the app industry average of 14. It passed 6 out of 7 valuation due diligence checks.

Doubledown Interactive Co's stock has gained 24.66% in the past year. It has overperformed other stocks in the app industry by 4 percentage points.

3. Ibex (NASDAQ:IBEX)


Ibex (NASDAQ:IBEX) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Ibex 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.

Ibex's stock has dropped -20.04% in the past year. It has underperformed other stocks in the app industry by -41 percentage points.

Are app stocks a good buy now?

42.49% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 18.11% 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 8.33x.
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.