In the last trading session, 76.89 million shares of the Digital Turbine Inc (NASDAQ:APPS) were traded, and its beta was 2.54. Most recently the company’s share price was $7.54, and it changed around $2.73 or 56.76% from the last close, which brings the market valuation of the company to $791.75M. APPS currently trades at a discount to its 52-week high of $6.86, offering almost 9.02% off that amount. The share price’s 52-week low was $1.18, which indicates that the current value has risen by an impressive 84.35% since then. We note from Digital Turbine Inc’s average daily trading volume that its 10-day average is 12.86 million shares, with the 3-month average coming to 3.53 million.
Digital Turbine Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended APPS as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Digital Turbine Inc is expected to report earnings per share of 0.08 for the current quarter.
Digital Turbine Inc (NASDAQ:APPS) trade information
Instantly APPS has showed a green trend with a performance of 56.76% 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 7.76 on recent trading dayincreased the stock’s daily price by 2.84%. The company’s shares are currently up 346.15% year-to-date, but still up 43.62% over the last five days. On the other hand, Digital Turbine Inc (NASDAQ:APPS) is 63.20% up in the 30-day period. We can see from the shorts that 7.11 million shares have been sold at a short interest cover period of 2.21 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 81.15% from its current value. Analyst projections state that APPS is forecast to be at a low of $40 and a high of $40.
Digital Turbine Inc (APPS) estimates and forecasts
The year-over-year growth rate is expected to be 6.35%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 121.94M in revenue for the current quarter. 2 analysts expect Digital Turbine Inc to make 126.25M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 117.99M and 118.73M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.35%. Forecasts for the next quarter put sales growth at 6.33%.
APPS Dividends
Digital Turbine Inc’s next quarterly earnings report is expected to be released on 2025-Jun-15.
Digital Turbine Inc (NASDAQ:APPS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.79% of Digital Turbine Inc shares, and 62.14% of them are in the hands of institutional investors. The stock currently has a share float of 65.95%. Digital Turbine Inc stock is held by 220.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.1496% of the shares, which is about 8.34 million shares worth $13.85 million.
BLACKROCK INC., with 6.5771% or 6.73 million shares worth $11.18 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
