In today's digitized market landscape, mobile app downloads have become a critical metric for investors looking for hidden gems and market trends. As apps increasingly drive user engagement and company revenues, their download trends can offer insights into a company's performance and potential market opportunities.
Top Performers Indicate Potential Growth
For instance, companies like Dillard's, which saw an 899% surge in app downloads last week, have experienced a corresponding 5% uptick in stock prices. TrueCar also showed promising growth, with downloads up 1048%, coinciding with a 3% increase in stock value. This alignment suggests that investors tracking app download data might uncover stocks poised for an upswing as user engagement climbs.
The Flip Side: When Downloads Decline
On the flip side, significant drops in app downloads can serve as early warnings for potential stock price declines or stagnation. Snap witnessed an 84% decrease in downloads, which was echoed by a lack of movement in its stock price. However, it's noteworthy that not all download decline correlates to immediate stock depreciation. Companies like Toyota and Texas Roadhouse saw download drops of 83% and 86%, respectively, but still enjoyed a 5% rise in their stock value, highlighting the complex relationship between user engagement and stock market performance.
In conclusion, while tracking app download trends can furnish valuable insights, they are part of a broader mosaic of data points to be considered in stock trading. Investors should look at the correlation between app downloads and stock prices in the context of overall company health and market conditions.
Top Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
E.ON SE EOAN.DE |
5,547 4166.9% |
€11.055 1.3% |
4 |
 |
The RealReal REAL |
72,718 2144.4% |
$9.33 1.9% |
7 |
 |
TrueCar TRUE |
7,772 1048% |
$3.88 2.9% |
5 |
 |
Check Point Software Technologies Ltd. 0Y9S.L |
4,513 1017.1% |
$186.93 0.3% |
6 |
 |
Dillard's DDS |
56,970 898.6% |
$455 5.4% |
5 |
Bottom Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
NerdWallet NRDS |
6,911 90.5% |
$13.17 3.4% |
6 |
 |
CarMax 0HTQ.L |
10,097 89.2% |
$85 0.9% |
5 |
 |
Texas Roadhouse TXRH |
17,367 86.3% |
$182.58 2% |
5 |
 |
Snap SNAP |
4,045,578 83.6% |
$11.18 0.4% |
3 |
 |
Toyota TM |
40,103 82.7% |
$181.34 4.7% |
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.
