In the last trading session, 8.2 million Digital Turbine Inc (NASDAQ:APPS) shares changed hands as the company’s beta touched 2.43. With the company’s per share price at $3.91 changed hands at -$0.32 or -7.57% during last session, the market valuation stood at $410.58M. APPS’s last price was a discount, traded about -75.45% off its 52-week high of $6.86. The share price had its 52-week low at $1.18, which suggests the last value was 69.82% up since then.
Analysts gave the Digital Turbine Inc (APPS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.50. 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 0.04.
Digital Turbine Inc (NASDAQ:APPS) trade information
Instantly APPS was in red as seen at the end of in last trading. With action -36.83%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 131.36%, with the 5-day performance at -36.83% in the red. However, in the 30-day time frame, Digital Turbine Inc (NASDAQ:APPS) is 73.78% up.
The consensus price target for the stock as assigned by Wall Street analysts is 40, meaning bulls need an upside of 90.23% from its current 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 -923.02% plunge from its current level, while the stock would need to soar -923.02% for it to hit the projected low.
Digital Turbine Inc (APPS) estimates and forecasts
Year-over-year growth is forecast to reach -11.14% 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 116.21M. 3 analysts are of the opinion that Digital Turbine Inc’s revenue for the current quarter will be 123.05M. The company’s revenue for the corresponding quarters a year ago was 112.22M and 117.99M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.55%. The estimates for the next quarter sales put growth at 4.29%.
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 -50.00%.
APPS Dividends
Digital Turbine Inc is expected to release its next quarterly earnings report in March.
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 $12.57 million under it, the former controlled 3.06% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.67% of the shares, roughly 2.81 shares worth around $10.98 million.
