During the last session, Digital Turbine Inc (NASDAQ:APPS)’s traded shares were 2.04 million, with the beta value of the company hitting 2.60. At the end of the trading day, the stock’s price was $2.96, reflecting an intraday loss of -5.43% or -$0.17. The 52-week high for the APPS share is $7.32, that puts it down -147.3 from that peak though still a striking 53.04% gain since the share price plummeted to a 52-week low of $1.39. The company’s market capitalization is $304.23M, and the average intraday trading volume over the past 10 days was 2.66 million shares, and the average trade volume was 4.12 million shares over the past three months.
Digital Turbine Inc (APPS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.50. APPS has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.06.
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Digital Turbine Inc (NASDAQ:APPS) trade information
Digital Turbine Inc (APPS) registered a -5.43% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -5.43% in intraday trading to $2.96, hitting a weekly high. The stock’s 5-day price performance is 10.04%, and it has moved by 7.25% in 30 days. Based on these gigs, the overall price performance for the year is -49.49%. The short interest in Digital Turbine Inc (NASDAQ:APPS) is 5.18 million shares and it means that shorts have 2.21 day(s) to cover.
The consensus price target of analysts on Wall Street is $40, which implies an increase of 92.6% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40 and $40 respectively. As a result, APPS is trading at a discount of -1251.35% off the target high and -1251.35% off the low.
Digital Turbine Inc (APPS) estimates and forecasts
Statistics show that Digital Turbine Inc has underperformed its competitors in share price, compared to the industry in which it operates. Digital Turbine Inc (APPS) shares have gone up 45.10% during the last six months, with a year-to-date growth rate less than the industry average at -36.21% against 18.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -53.80% this quarter and then drop -13.30% in the quarter after that. In the rating firms’ projections, revenue will increase 0.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 125.85M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 156.26M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -121.76%. While earnings are projected to return -29.24% in 2024, the next five years will return 15.73% per annum.
APPS Dividends
Digital Turbine Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Digital Turbine Inc (NASDAQ:APPS)’s Major holders
Digital Turbine Inc insiders own 5.17% of total outstanding shares while institutional holders control 58.23%, with the float percentage being 61.40%. VANGUARD GROUP INC is the largest shareholder of the company, while 217.0 institutions own stock in it. As of 2024-06-30, the company held over 8.34 million shares (or 8.2643% of all shares), a total value of $13.85 million in shares.
The next largest institutional holding, with 6.73 million shares, is of BLACKROCK INC.’s that is approximately 6.6696% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.18 million.
