Investors are constantly seeking new methods to identify potential market opportunities and craft smarter investment strategies. Among the various metrics available, tracking the number of downloads of a company’s mobile apps is proving to be a valuable tool. A surge or drop in app downloads might reflect consumer interest, product success, or operational efficiency - aspects directly tied to a company's financial health and hence, its stock valuation.
Top Industry Movers Based on App Performance
Recent trends have highlighted that companies like Siemens Aktiengesellschaft and Paycom Software witnessed a significant boost in their app downloads, with increases by 11,609% and 287% respectively. Siemens' stock edged up 1% alongside, while Paycom's shares jumped by 5% - suggesting a correlation. Other businesses like Barco NV saw an impressive 6% uptick in their stock price in sync with a 607% rise in app downloads.
App Downloads as a Bearish Signal
Conversely, declining app downloads can be a red flag for investors. Companies such as Lulus and Foot Locker experienced steep declines in downloads by 95% and 94%, with their stocks subsequently dropping by 14% and 10%. Notably, Cloudflare's app downloads plummeted by 82%, but defying expectations, its stock soared by 9%, showcasing that while app data is insightful, it should not be the only factor considered in decision-making.
These examples underscore the potential influence of mobile app download trends on stock prices but also serve as a reminder that they are just one part of a more complex market picture. As with all alternative data, it plays a significant role in providing investors with a more holistic view when combined with fundamental and technical analysis.
Top Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
Siemens Aktiengesellschaft SIE.DE |
3,981 11608.8% |
€194.9 0.6% |
7 |
 |
Alfen ALFEN.AS |
1,030 610.3% |
€12.425 0.9% |
6 |
 |
Barco NV BAR.BR |
4,080 607.1% |
€10.61 6.1% |
5 |
 |
Cognex Corporation 0I14.L |
38,496 475.5% |
$37.566 4.4% |
5 |
 |
Paycom Software 0KGH.L |
158,871 286.7% |
$241.025 4.5% |
5 |
Bottom Growing Public companies (app downloads)
| Company | App Downloads | Price | AI Score | |
|---|---|---|---|---|
 |
Lulus LVLU |
3,061 94.6% |
$1.05 13.9% |
4 |
 |
Foot Locker FL |
7,902 94.2% |
$21.83 9.7% |
4 |
 |
Snap SNAP |
3,632,732 85.8% |
$12.37 3.8% |
3 |
 |
Cloudflare NET |
687,410 82.3% |
$113.87 8.5% |
6 |
 |
Denny's DENN |
14,158 81% |
$6.22 1.7% |
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.
