In today’s recent session, 0.6 million shares of the Digital Turbine Inc (NASDAQ:APPS) have been traded, and its beta is 2.61. Most recently the company’s share price was $2.76, and it changed around -$0.01 or -0.54% from the last close, which brings the market valuation of the company to $283.16M. APPS at last check was trading at a discount to its 52-week high of $7.32, offering almost -165.22% off that amount. The share price’s 52-week low was $1.39, which indicates that the recent value has risen by an impressive 49.64% since then. We note from Digital Turbine Inc’s average daily trading volume that its 10-day average is 2.05 million shares, with the 3-month average coming to 4.01 million.

Digital Turbine Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended APPS as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Digital Turbine Inc is expected to report earnings per share of 0.06 for the current quarter.

Digital Turbine Inc (NASDAQ:APPS) trade information

Instantly APPS has been showing red trend so far today with a performance of -0.54% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.08 on recent trading dayincreased the stock’s daily price by 10.39%. The company’s shares are currently down -59.84% year-to-date, but still down -10.26% over the last five days. On the other hand, Digital Turbine Inc (NASDAQ:APPS) is -2.99% down in the 30-day period. We can see from the shorts that 4.15 million shares have been sold at a short interest cover period of 1.04 day(s).

The consensus price target as assigned by Wall Street analysts is $40, which translates to bulls needing to increase their stock price by 93.1% from its current value. Analyst projections state that APPS is forecast to be at a low of $40 and a high of $40.

Digital Turbine Inc (APPS) estimates and forecasts

Digital Turbine Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 28.14 percent over the past six months and at a -36.21% annual growth rate that is well below the industry average of 18.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -53.80% in revenue this quarter, and will report a decrease of -13.30% in the next quarter. The year-over-year growth rate is expected to be 0.50%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 125.85M in revenue for the current quarter. 3 analysts expect Digital Turbine Inc to make 156.26M in revenue for the current ending quarter.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -121.76%. Digital Turbine Inc earnings are expected to increase by -29.24% in 2024, but the outlook is positive 15.73% per year for the next five years.

APPS Dividends

Digital Turbine Inc’s next quarterly earnings report is expected to be released on 2024-Nov-06.

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

Upon looking at major shareholders, it appears that insiders hold 5.17% of Digital Turbine Inc shares, and 58.23% of them are in the hands of institutional investors. The stock currently has a share float of 61.40%. Digital Turbine Inc stock is held by 217.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.2643% of the shares, which is about 8.34 million shares worth $13.85 million.

BLACKROCK INC., with 6.6696% or 6.73 million shares worth $11.18 million as of 2024-06-30, holds the second largest percentage of outstanding shares.