Investors are constantly looking for new sources of data to guide their decisions. One such emerging metric is the number of downloads a company's mobile app receives. This can be a powerful indicator of a company's performance and potential shifts in its stock price. By tracking download trends, investors can unearth valuable trading ideas and market opportunities.
The Correlation Between App Downloads and Stock Performance
When a company's app sees a surge in downloads, it often indicates an uptick in customer interest or successful marketing. For instance, Sweetgreen, the health-conscious eatery, recently experienced a 61.69% increase in app downloads. However, Sweetgreen's stock dipped by 5% in the same timeframe, showcasing that while app trends are informative, they do not always align directly with stock movement.
On the flip side, companies facing a decline in app downloads might be indicative of waning consumer attention. Expensify, for example, saw an 87% drop in app downloads, coinciding with a 3% decrease in its stock price. This mirrors a possible correlation between app engagement and investor sentiment.
Moving Beyond Download Numbers
While tracking download numbers can be revealing, investors should integrate such data with other metrics for a comprehensive analysis. For instance, Carvana's download increase of 6.86% led to a 1% rise in its stock, but the overall context—such as market trends and company-specific news—should also be considered when making investment decisions.
In conclusion, monitoring mobile app download figures provides investors with an additional layer of insight, often highlighting consumer trends before they're reflected in financial statements. For savvy investors, these trends offer an edge in a competitive trading environment.
Top Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
Sweetgreen SG |
38,302 6168.7% |
$35.56 5.3% |
6 |
 |
The Dallas Morning News DALN |
2,383 3806.6% |
$4.4 0.9% |
4 |
 |
Wingstop WING |
440,036 1143.4% |
$373.555 7.5% |
7 |
 |
Carvana CVNA |
122,333 686.1% |
$191.92 1% |
7 |
 |
Squarespace SQSP |
29,510 672.1% |
$46.57 0.2% |
7 |
Bottom Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
Expensify EXFY |
4,859 86.7% |
$1.81 2.7% |
4 |
 |
Entergy Corporation 0IHP.L |
4,368 85.7% |
$134.32 3.5% |
5 |
 |
Dave & Buster's PLAY |
14,722 84.8% |
$38.77 21.3% |
5 |
 |
RingCentral 0V50.L |
23,678 79.4% |
$32.82 7.6% |
4 |
 |
Quilter QLT.L |
2,755 71.5% |
£147.3 8.3% |
5 |
The toplists are ordered by change in percentage of the company's app downloads over the last week. Only companies with more than 1000 app downloads are included.
