In last trading session, Digital Turbine Inc (NASDAQ:APPS) saw 1.42 million shares changing hands with its beta currently measuring 2.38. Company’s recent per share price level of $1.43 trading at $0.01 or 0.70% at ring of the bell on the day assigns it a market valuation of $149.37M. That closing price of APPS’s stock is at a discount of -411.89% from its 52-week high price of $7.32 and is indicating a premium of 17.48% from its 52-week low price of $1.18. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.26 million shares which gives us an average trading volume of 3.44 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 2.67. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.06 in the current quarter.
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Digital Turbine Inc (NASDAQ:APPS) trade information
Digital Turbine Inc’s shares saw a change of -79.15% in year-to-date performance and have moved 0.00% in past 5-day. Digital Turbine Inc (NASDAQ:APPS) showed a performance of -61.35% in past 30-days. Number of shares sold short was 5.48 million shares which calculate 1.21 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 40 to the stock, which implies a rise of 96.43% to its current value. Analysts have been projecting 40 as a low price target for the stock while placing it at a high target of 40. It follows that stock’s current price would drop -2697.2% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2697.2% 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 -26.29% of value to its shares in past 6 months, showing an annual growth rate of -65.52% while that of industry is 24.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -12.39% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 123.68M for the same. And 3 analysts are in estimates of company making revenue of 116.65M in the next quarter. Company posted 142.63M and 112.22M of sales in current and next quarters respectively a year earlier.
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 -121.76% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -75.35% while estimates for its earnings growth in next 5 years are of 8.44%.
Digital Turbine Inc (NASDAQ:APPS)’s Major holders
Insiders are in possession of 5.35% of company’s total shares while institution are holding 59.64 percent of that, with stock having share float percentage of 63.01%. Investors also watch the number of corporate investors in a company very closely, which is 59.64% institutions for Digital Turbine Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at APPS for having 8.34 million shares of worth $13.85 million. And as of 2024-06-30, it was holding 8.2643 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 6.73 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.6696 of outstanding shares, having a total worth of $11.18 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 Jun 30, 2024 , the former fund manager was holding 3.22 shares of worth $4.6 million or 3.10% of the total outstanding shares. The later fund manager was in possession of 2.69 shares on Aug 31, 2024 , making its stake of worth around $3.85 million in the company or a holder of 2.60% of company’s stock.
