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.

Explore why the AppLovin stock price has crashed and what to expect in the coming months, and whether it is still a buy

What Happened? Shares of mobile app advertising platform AppLovin (NASDAQ: APP) fell 11% in the morning session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread.