AppLovin is proving to be a volatile stock to own, and while it may seem cheap, given how far it has nosedived in price, its P/E multiple remains high, and buying it at its current levels would give investors little-to-no margin of safety should business slow down due to worsening economic conditions.

AppLovin Corp (APP) is currently one of the highest-momentum tech stocks on the market and, understandably, has elevated implied volatility to match. APP shareholders were getting giddy after a mesmeric rise from ~$50 to over $500 per share.

We recently published a list of 10 Best Upside Stocks To Buy Right Now. In this article, we are going to take a look at where Applovin Corp.

Shares of the U.S.-based AppLovin (APP) are going through a rough patch, dropping nearly 30% in the past month. The latest blow came yesterday,

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.