In recent trading session, Digital Turbine, Inc. (NASDAQ:APPS) saw 1,669,490 shares changing hands with its beta currently measuring 1.76. Company’s recent per share price level of $14.17 trading at $0.81 or 6.06% at recent trade assigns it a market valuation of $1.24 Billion. That current trading price of APPs’ stock is at a discount of -0.49% from its 52-week high price of $14.24 and is indicating a premium of 75.44% from its 52-week low price of $3.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.49 Million shares which gives us an average trading volume of 2.44 Million if we extend that period to 3-months.
For Digital Turbine, Inc. (APPS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.7. Splitting up the data highlights that, out of 7 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 6 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.09 in the current quarter.
Digital Turbine, Inc. (NASDAQ:APPS) trade information
Upright in the green today for gaining 6.06%, in the last five days APPS remained trading in the green while hitting it’s week-highest on Friday, Jul 31 when the stock touched $13.85- price level, adding 1.88% to its value on the day. Digital Turbine, Inc.’s shares saw a change of 90.6% in year-to-date performance and have moved 11.48% in past 5-day. Digital Turbine, Inc. (NASDAQ:APPS) showed a performance of 8.11% in past 30-days. Number of shares sold short was 4.71 Million shares which calculate 1.93 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $12.54 to the stock, which implies targetted prices is already lagging behind -11.5% to its current value. Analysts have been projecting $9.5 as a low price target for the stock while placing it at a high target of $15. It follows that stock’s current price would jump +5.86% in reaching the projected high whereas dropping to the targeted low would mean a loss of -32.96% for stock’s current value.
Digital Turbine, Inc. (APPS) estimates and forecasts
Statistics highlight that Digital Turbine, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +107.13% of value to its shares in past 6 months, showing an annual growth rate of 100% while that of industry is 4.1. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 80% in the current quarter and calculating 80% increase in the next quarter. This year revenue growth is estimated to rise 52.4% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $48.56 Million for the same. And 7 analysts are in estimates of company making revenue of $51.36 Million in the next quarter that will end in September 01, 2020. Company posted $28.3 Million of sales in current quarter a year earlier. Analysts are expecting this quarter sales to grow by 71.6%.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 17.6% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 387% while estimates for its earnings growth in next 5 years are of 50%
Digital Turbine, Inc. (NASDAQ:APPS)’s Major holders
Insiders are in possession of 3.97% of company’s total shares while institution are holding 58.22% percent of that, with stock having share float percentage of 60.62%. Investors also watch the number of corporate investors in a company very closely, which is 203 institutions for Digital Turbine, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at APPS for having 5.34 Million shares of worth $23.01 Million. And as of March 30, 2020, it was holding 6.11% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 4.24 Million shares on March 30, 2020. The number of shares represents firm’s hold over 4.86% of outstanding shares, having a total worth of $18.28 Million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 2122093 shares of worth $9.15 Million or 2.43% of the total outstanding shares. The later fund manager was in possession of 1.69 Million shares on April 29, 2020, making its stake of worth around $9.9 Million in the company or a holder of 1.93% of company’s stock.