In the last trading session, 4.89 million Digital Turbine Inc (NASDAQ:APPS) shares changed hands as the company’s beta touched 2.42. With the company’s per share price at $2.35 changed hands at -$0.24 or -9.09% during last session, the market valuation stood at $246.77M. APPS’s last price was a discount, traded about -191.91% 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 49.79% up since then. When we look at Digital Turbine Inc’s average trading volume, we note the 10-day average is 3.51 million shares, with the 3-month average coming to 6.87 million.
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 -17.25%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 39.05%, with the 5-day performance at -17.25% in the red. However, in the 30-day time frame, Digital Turbine Inc (NASDAQ:APPS) is -25.63% down. Looking at the short shares, we see there were 5.5 million shares sold at short interest cover period of 0.99 days.
The consensus price target for the stock as assigned by Wall Street analysts is 40, meaning bulls need an upside of 94.12% 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 -1602.13% plunge from its current level, while the stock would need to soar -1602.13% for it to hit the projected low.
Digital Turbine Inc (APPS) estimates and forecasts
Year-over-year growth is forecast to reach -10.38% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 116.64M. 2 analysts are of the opinion that Digital Turbine Inc’s revenue for the current quarter will be 121.64M. 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 3.93%. The estimates for the next quarter sales put growth at 3.09%.
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 on 2025-Feb-04.
Digital Turbine Inc (NASDAQ:APPS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.79% of Digital Turbine Inc shares while 52.25% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.46%. There are 52.25% 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 6.5771% or 6.73 million shares worth $11.18 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 3.07 shares estimated at $7.22 million under it, the former controlled 2.93% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.46% of the shares, roughly 2.58 shares worth around $6.07 million.
