In today's digitally-driven world, tracking the number of downloads of a company's mobile apps can provide investors with valuable insights. This data can help predict stock performance as it reflects user engagement and potential revenue growth. Analyzing download trends is becoming an integral part of investment strategies to find market opportunities and generate trading ideas.
Top Performers in App Downloads
The recent surge in mobile app downloads has been a boon for several companies. DP Poland Plc leads the pack with a staggering 2,653% increase in app downloads and an 11% uptick in stock price. WithSecure Oyj saw a 682% rise in downloads alongside a 2% stock price increase. Tesla, a heavyweight in both tech and automotive sectors, had a 371% boost in app downloads, coinciding with a 5% stock price growth. Moreover, Ferrari's app downloads roared by 362%, with its stock jumping by 4%, and Check Point Software Technologies Ltd. saw a 341% leap in downloads, resulting in a 3% stock appreciation.
Bottom Performers and Download Declines
Conversely, a significant drop in app downloads can signal challenges. Baidu experienced a 99% decrease in app downloads, yet its stock rose by 16%, indicating other factors at play. Expensify and Opendoor saw download drops of 89% and 86% respectively, and their stocks fell by 10% and 5%. Nordstrom, despite an 88% drop in app downloads, saw no change in stock price, suggesting a decoupled relationship. thredUP's app downloads decreased by 84%, aligning with a 9% dip in stock price.
These trends highlight that while app downloads can be a critical metric, the correlation with stock performance can vary. Investors need to consider comprehensive data analysis to make informed decisions.
Top Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
DP Poland Plc DPP.L |
1,459 2652.8% |
£11.7 11% |
6 |
 |
WithSecure Oyj 0EIE.L |
6,917 681.6% |
€1.038 2% |
6 |
 |
Tesla TL0.DE |
564,259 370.5% |
€227.35 4.5% |
6 |
 |
Ferrari 2FE.DE |
88,586 362.3% |
€427.9 3.9% |
6 |
 |
Check Point Software Technologies Ltd. 0Y9S.L |
2,265 340.7% |
$195.32 3.2% |
6 |
Bottom Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
Baidu B1C.F |
15,532 99.1% |
€91 15.9% |
3 |
 |
Expensify EXFY |
3,905 88.8% |
$2.02 9.8% |
5 |
 |
Nordstrom JWN |
14,438 88.2% |
$22.47 0.4% |
5 |
 |
Opendoor OPEN |
1,114 85.7% |
$2.09 5% |
4 |
 |
thredUP TDUP |
17,773 84.2% |
$0.847 8.9% |
4 |
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.
