During the last session, Digital Turbine Inc (NASDAQ:APPS)’s traded shares were 10.63 million, with the beta value of the company hitting 2.40. At the end of the trading day, the stock’s price was $6.52, reflecting an intraday gain of 6.19% or $0.38. The 52-week high for the APPS share is $6.40, that puts it up 1.84 from that peak though still a striking 81.9% gain since the share price plummeted to a 52-week low of $1.18. The company’s market capitalization is $684.64M, and the average trade volume was 6.12 million shares over the past three months.
Digital Turbine Inc (APPS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.67. APPS has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.04.
Digital Turbine Inc (NASDAQ:APPS) trade information
Digital Turbine Inc (APPS) registered a 6.19% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.19% in intraday trading to $6.52, hitting a weekly high. The stock’s 5-day price performance is 30.66%, and it has moved by 283.53% in 30 days. Based on these gigs, the overall price performance for the year is 69.35%.
The consensus price target of analysts on Wall Street is $40, which implies an increase of 83.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40 and $40 respectively. As a result, APPS is trading at a discount of -513.5% off the target high and -513.5% off the low.
Digital Turbine Inc (APPS) estimates and forecasts
Statistics show that Digital Turbine Inc has underperformed its competitors in share price, compared to the industry in which it operates. Digital Turbine Inc (APPS) shares have gone up 100.62% during the last six months, with a year-to-date growth rate less than the industry average at -48.28% against 20.60. In the rating firms’ projections, revenue will decrease -11.14% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 116.21M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 123.05M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 112.22M and 117.99M respectively. In this case, analysts expect current quarter sales to grow by 3.55% and then jump by 4.29% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -121.76%. While earnings are projected to return -66.73% in 2025.
APPS Dividends
Digital Turbine Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 6.73 million shares, is of BLACKROCK INC.’s that is approximately 6.6696% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.18 million.
