In the latest trading session, 0.94 million Digital Turbine Inc (NASDAQ:APPS) shares changed hands as the company’s beta touched 2.32. With the company’s most recent per share price at $1.74 changed hands at -$0.07 or -3.88% at last look, the market valuation stands at $180.46M. APPS’s current price is a discount, trading about -248.85% off its 52-week high of $6.07. The share price had its 52-week low at $1.18, which suggests the last value was 32.18% up since then. When we look at Digital Turbine Inc’s average trading volume, we note the 10-day average is 3.64 million shares, with the 3-month average coming to 3.83 million.
Analysts gave the Digital Turbine Inc (APPS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.67. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended APPS as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Digital Turbine Inc’s EPS for the current quarter is expected to be 0.06.
Digital Turbine Inc (NASDAQ:APPS) trade information
Instantly APPS was in red as seen in intraday trades today. With action -11.69%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 2.95%, with the 5-day performance at -11.69% in the red. However, in the 30-day time frame, Digital Turbine Inc (NASDAQ:APPS) is 19.99% up. Looking at the short shares, we see there were 6.0 million shares sold at short interest cover period of 1.84 days.
The consensus price target for the stock as assigned by Wall Street analysts is 40, meaning bulls need an upside of 95.65% from its recent market value. According to analyst projections, APPS’s forecast low is 40 with 40 as the target high. To hit the forecast high, the stock’s price needs a -2198.85% plunge from its current level, while the stock would need to soar -2198.85% for it to hit the projected low.
Digital Turbine Inc (APPS) estimates and forecasts
Data shows that the Digital Turbine Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -18.32% over the past 6 months, a -65.52% in annual growth rate that is considerably lower than the industry average of 25.60%. Year-over-year growth is forecast to reach -12.39% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 123.68M. 3 analysts are of the opinion that Digital Turbine Inc’s revenue for the current quarter will be 116.65M. The company’s revenue for the corresponding quarters a year ago was 142.63M and 112.22M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -13.29%. The estimates for the next quarter sales put growth at 3.94%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -121.76%. The 2025 estimates are for Digital Turbine Inc earnings to decrease by -75.35%, but the outlook for the next 5-year period is at 8.44% per year.
APPS Dividends
Digital Turbine Inc is expected to release its next quarterly earnings report in February.
Digital Turbine Inc (NASDAQ:APPS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.33% of Digital Turbine Inc shares while 59.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 62.92%. There are 59.57% institutions holding the Digital Turbine Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.2643% of the shares, roughly 8.34 million APPS shares worth $13.85 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.6696% or 6.73 million shares worth $11.18 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 3.22 shares estimated at $5.56 million under it, the former controlled 3.10% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.50% of the shares, roughly 2.59 shares worth around $4.48 million.
