Digital Turbine Inc (NASDAQ:APPS) has a beta value of 2.51 and has seen 0.65 million shares traded in the recent trading session. The company, currently valued at $291.27M, closed the recent trade at $2.86 per share which meant it lost -$0.1 on the day or -3.55% during that session. The APPS stock price is -410.84% off its 52-week high price of $14.61 and 4.55% above the 52-week low of $2.73. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.48 million shares traded. The 3-month trading volume is 2.64 million shares.
Digital Turbine Inc (NASDAQ:APPS) trade information
Sporting -3.55% in the red today, the stock has traded in the red over the last five days, when the APPS stock price touched $2.86 or saw a rise of 8.92%. Year-to-date, Digital Turbine Inc shares have moved -58.38%, while the 5-day performance has seen it change -8.20%. Over the past 30 days, the shares of Digital Turbine Inc (NASDAQ:APPS) have changed -19.12%. Short interest in the company has seen 8.96 million shares shorted with days to cover at 3.24.
Digital Turbine Inc (APPS) estimates and forecasts
Figures show that Digital Turbine Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -58.56% over the past 6 months, with this year growth rate of -56.52%, compared to 20.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -50.00% and -50.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -17.40%.
5 analysts offering their estimates for the company have set an average revenue estimate of $117.69 million for the current quarter. 4 have an estimated revenue figure of $129.99 million for the next quarter concluding in Jun 2024. Year-ago sales stood $140.12 million and $146.37 million respectively for this quarter and the next, and analysts expect sales will shrink by -16.00% for the current quarter and -11.20% for the next.
APPS Dividends
Digital Turbine Inc is expected to release its next earnings report between May 22 and May 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Digital Turbine Inc (NASDAQ:APPS)’s Major holders
Insiders own 4.02% of the company shares, while shares held by institutions stand at 71.05% with a share float percentage of 74.03%. Investors are also buoyed by the number of investors in a company, with Digital Turbine Inc having a total of 301 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 14.59 million shares worth more than $135.37 million. As of Jun 29, 2023, Blackrock Inc. held 14.51% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 12.18 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $113.06 million and represent 12.12% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 6.08% shares in the company for having 6.11 million shares of worth $36.99 million while later fund manager owns 2.9 million shares of worth $26.93 million as of Jun 29, 2023, which makes it owner of about 2.89% of company’s outstanding stock.
