In the last trading session, 1.91 million shares of the Digital Turbine Inc (NASDAQ:APPS) were traded, and its beta was 2.40. Most recently the company’s share price was $1.45, and it changed around -$0.06 or -3.97% from the last close, which brings the market valuation of the company to $150.41M. APPS currently trades at a discount to its 52-week high of $7.32, offering almost -404.83% off that amount. The share price’s 52-week low was $1.18, which indicates that the current value has risen by an impressive 18.62% since then. We note from Digital Turbine Inc’s average daily trading volume that its 10-day average is 2.45 million shares, with the 3-month average coming to 3.46 million.

Digital Turbine Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.67. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended APPS as a Hold, whereas 1 deemed it a Buy, and 1 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 showed a red trend with a performance of -3.97% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.6400 on recent trading dayincreased the stock’s daily price by 11.59%. The company’s shares are currently down -78.86% year-to-date, but still down -0.68% over the last five days. On the other hand, Digital Turbine Inc (NASDAQ:APPS) is -0.68% down in the 30-day period. We can see from the shorts that 6.02 million shares have been sold at a short interest cover period of 1.1 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 96.37% 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 fallen -8.23 percent over the past six months and at a -65.52% annual growth rate that is well below the industry average of 24.70%. The year-over-year growth rate is expected to be -12.39%, down from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 123.68M in revenue for the current quarter. 3 analysts expect Digital Turbine Inc to make 116.65M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 142.63M and 112.22M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -13.29%. Forecasts for the next quarter put sales growth at 3.94%.

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 -75.35% in 2024, but the outlook is positive 8.44% per year for the next five years.

APPS Dividends

Digital Turbine Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 5.33% of Digital Turbine Inc shares, and 59.64% of them are in the hands of institutional investors. The stock currently has a share float of 62.99%. Digital Turbine Inc stock is held by 229.0 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.