For savvy investors seeking an edge in the stock market, tracking the number of downloads of a company's mobile apps can provide valuable insights into consumer trends and potential market opportunities. The performance of a company's apps in various app stores can be a leading indicator of engagement, innovation, and potential revenue growth — factors directly tied to a company's stock price performance.
Top Performers in App Downloads
Looking at recent data, companies like Squarespace and secunet Security Networks Aktiengesellschaft have seen their app download numbers soar, with increases of 1062% and 927% respectively. Interestingly, Squarespace's stock price remained static despite the surge in app interest, while secunet's stock saw a 1% increase, showing a positive correlation with app popularity. Royal Bank of Canada and Globalworth Real Estate Investments Limited also enjoyed significant download boosts, but their stock reactions were mixed. Similarly, Axon Enterprise experienced a respectable download growth and a 3% bump in stock price.
Bottom Performers and Declining Downloads
In contrast, companies whose app downloads declined have often seen their stock prices affected negatively. For 8x8 and LiveOne, a drop in app downloads by 77% and 74% corresponded with a decline in their stock prices by 4% and a significant 16%, respectively. The steepest download decline was experienced by Chewy, which saw a 70% decrease; this was mirrored by a painful 7% stock price dip. Mr Cooper Group's 69% drop in downloads coincided with an 8% stock price decrease. However, Entergy Corporation defied the trend with an increase in stock price, illustrating that while app data trends are informative, they must be interpreted within a broader market context.
In conclusion, monitoring app download trends provides investors with an important lens through which to gauge a company's digital footprint and user engagement. These metrics can often predict, with some degree of correlation, the potential performance of a company's stock, offering investors a timely opportunity to make informed decisions. As ever, it's crucial to consider these indicators as part of a holistic investment strategy, taking into account the myriad factors that affect stock market movements.
Top Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
Squarespace SQSP |
32,630 1062.5% |
$46.57 0% |
7 |
 |
secunet Security Networks Aktiengesellschaft YSN.DE |
1,818 927.1% |
€107.8 19.2% |
5 |
 |
Royal Bank of Canada 0QKU.L |
1,640 600.9% |
$122.981 2.5% |
6 |
 |
Globalworth Real Estate Investments Limited GWI.L |
1,660 205.1% |
€2.39 0.8% |
6 |
 |
Axon Enterprise 0HKE.L |
1,164 131% |
$444.07 3.1% |
7 |
Bottom Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
8x8 EGHT |
2,285 76.7% |
$2 4.3% |
4 |
 |
LiveOne LVO |
2,894 74.2% |
$0.562 16.5% |
4 |
 |
Entergy Corporation 0IHP.L |
1,236 71.7% |
$137.341 2.2% |
4 |
 |
Chewy CHWY |
78,042 69.6% |
$27.09 7.5% |
6 |
 |
Mr. Cooper Group COOP |
9,157 69% |
$88.88 8.4% |
6 |
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.
