Digital Turbine Inc (NASDAQ:APPS)’s traded shares stood at 0.84 million during the latest session, with the company’s beta value hitting 2.39. At the last check today, the stock’s price was $1.87, to imply an increase of 5.06% or $0.09 in intraday trading. The APPS share’s 52-week high remains $7.30, putting it -290.37% down since that peak but still an impressive 36.9% since price per share fell to its 52-week low of $1.18. The company has a valuation of $193.98M, with an average of 3.46 million shares in intraday trading volume over the past 10 days and average of 3.62 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Digital Turbine Inc (APPS), translating to a mean rating of 2.67. Of 8 analyst(s) looking at the stock, 0 analyst(s) give APPS a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.06.
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Digital Turbine Inc (NASDAQ:APPS) trade information
After registering a 5.06% upside in the latest session, Digital Turbine Inc (APPS) has traded red over the past five days. The 5-day price performance for the stock is 24.67%, and 25.51% over 30 days. With these gigs, the year-to-date price performance is -72.74%. Short interest in Digital Turbine Inc (NASDAQ:APPS) saw shorts transact 6.02 million shares and set a 1.1 days time to cover.
The extremes give us $40 and $40 for target low and target high price respectively. As such, APPS has been trading -2039.04% off suggested target high and -2039.04% from its likely low.
Digital Turbine Inc (APPS) estimates and forecasts
Looking at statistics comparing Digital Turbine Inc share performance against respective industry, we note that the company has underperformed competitors. Digital Turbine Inc (APPS) shares are 25.51% up over the last 6 months, with its year-to-date growth rate lower than industry average at -65.52% against 26.50%. The rating firms project that company’s revenue will shrink -12.39% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 123.68M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 116.65M.Earnings reports from the last fiscal year show that sales brought in 142.63M and 112.22M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -13.29% before jumping 3.94% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -121.76% for the past 5-year period. While 2024 is set for a -75.35% return in earnings, projections for the next 5 years are at 8.44% annually.
APPS Dividends
Digital Turbine Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Digital Turbine Inc (NASDAQ:APPS)’s Major holders
Digital Turbine Inc insiders hold 5.33% of total outstanding shares, with institutional holders owning 59.59% of the shares at 62.94% float percentage. In total, 59.59% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 8.34 million shares (or 8.2643% of shares), all amounting to roughly $13.85 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 6.73 million shares, or about 6.6696% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $11.18 million.
