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Digital Turbine Inc. (NASDAQ:APPS) Is Looking Good Over The Long Term, Dropped Nearly -27.63% Over A Month.

In last trading session, Digital Turbine Inc. (NASDAQ:APPS) saw 2.06 million shares changing hands with its beta currently measuring 2.40. Company’s recent per share price level of $15.27 trading at -$1.18 or -7.17% at ring of the bell on the day assigns it a market valuation of $1.62B. That closing price of APPS’s stock is at a discount of -515.46% from its 52-week high price of $93.98 and is indicating a premium of 5.5% from its 52-week low price of $14.43. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.27 million shares which gives us an average trading volume of 2.85 million if we extend that period to 3-months.

Digital Turbine Inc. (NASDAQ:APPS) trade information

Upright in the red during last session for losing -7.17%, in the last five days APPS remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $15.27 price level, adding 12.69% to its value on the day. Digital Turbine Inc.’s shares saw a change of -74.96% in year-to-date performance and have moved -13.68% in past 5-day. Digital Turbine Inc. (NASDAQ:APPS) showed a performance of -27.63% in past 30-days. Number of shares sold short was 6.28 million shares which calculate 1.58 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of $35.18 to the stock, which implies a rise of 56.59% to its current value. Analysts have been projecting $26.00 as a low price target for the stock while placing it at a high target of $60.00. It follows that stock’s current price would drop -292.93% in reaching the projected high whereas dropping to the targeted low would mean a loss of -70.27% for stock’s current value.

Digital Turbine Inc. (APPS) estimates and forecasts

Statistics highlight that Digital Turbine Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -63.99% of value to its shares in past 6 months, showing an annual growth rate of -13.86% while that of industry is 2.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 2.90% in the current quarter and calculating -15.90% decrease in the next quarter. This year revenue growth is estimated to rise 11.90% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $184.84 million for the same. And 5 analysts are in estimates of company making revenue of $195.19 million in the next quarter that will end on Sep 2022.

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 26.20% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -39.30% while estimates for its earnings growth in next 5 years are of 27.00%.

APPS Dividends

Digital Turbine Inc. is more likely to be releasing its next quarterly report between February 01 and February 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Digital Turbine Inc. (NASDAQ:APPS)’s Major holders

Insiders are in possession of 3.77% of company’s total shares while institution are holding 70.76 percent of that, with stock having share float percentage of 73.53%. Investors also watch the number of corporate investors in a company very closely, which is 70.76% institutions for Digital Turbine Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at APPS for having 10.43 million shares of worth $456.8 million. And as of Mar 30, 2022, it was holding 10.55% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 8.68 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 8.79% of outstanding shares, having a total worth of $380.39 million.

On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 6.24 million shares of worth $109.08 million or 6.32% of the total outstanding shares. The later fund manager was in possession of 2.52 million shares on Mar 30, 2022, making its stake of worth around $110.32 million in the company or a holder of 2.55% of company’s stock.

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