In the last trading session, 24.84 million shares of the Digital Turbine Inc (NASDAQ:APPS) were traded, and its beta was 2.46. Most recently the company’s share price was $4.90, and it changed around -$0.09 or -1.80% from the last close, which brings the market valuation of the company to $514.53M. APPS currently trades at a discount to its 52-week high of $5.34, offering almost -8.98% off that amount. The share price’s 52-week low was $1.18, which indicates that the current value has risen by an impressive 75.92% since then. We note from Digital Turbine Inc’s average daily trading volume that its 10-day average is 17.25 million shares, with the 3-month average coming to 6.05 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 (NASDAQ:APPS) trade information
Instantly APPS has showed a red trend with a performance of -1.80% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.20 on recent trading dayincreased the stock’s daily price by 5.77%. The company’s shares are currently up 189.94% year-to-date, but still up 87.02% over the last five days. On the other hand, Digital Turbine Inc (NASDAQ:APPS) is 141.38% up in the 30-day period. We can see from the shorts that 5.47 million shares have been sold at a short interest cover period of 1.52 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 87.75% from its current value. Analyst projections state that APPS is forecast to be at a low of $40 and a high of $40.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -121.76%.
APPS Dividends
Digital Turbine Inc’s next quarterly earnings report is expected to be released in March.
Digital Turbine Inc (NASDAQ:APPS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.32% of Digital Turbine Inc shares, and 57.92% of them are in the hands of institutional investors. The stock currently has a share float of 61.18%. Digital Turbine Inc stock is held by 217.0 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.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 3.22 shares worth $15.76 million, making up 3.10% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.81 shares worth around $13.76 million, which represents about 2.71% of the total shares outstanding.
