In the last trading session, 9.75 million Digital Turbine Inc (NASDAQ:APPS) shares changed hands as the company’s beta touched 2.55. With the company’s per share price at $5.73 changed hands at $0.47 or 8.94% during last session, the market valuation stood at $613.01M. APPS’s last price was a discount, traded about -35.6% off its 52-week high of $7.77. The share price had its 52-week low at $1.18, which suggests the last value was 79.41% up since then. When we look at Digital Turbine Inc’s average trading volume, we note the 10-day average is 17.13 million shares, with the 3-month average coming to 5.46 million.
Analysts gave the Digital Turbine Inc (APPS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.67. 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 (NASDAQ:APPS) trade information
Instantly APPS was in green as seen at the end of in last trading. With action -0.43%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 300.70%, with the 5-day performance at -0.43% in the red. However, in the 30-day time frame, Digital Turbine Inc (NASDAQ:APPS) is 25.93% up. Looking at the short shares, we see there were 8.96 million shares sold at short interest cover period of 2.31 days.
The consensus price target for the stock as assigned by Wall Street analysts is 40, meaning bulls need an upside of 85.67% 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 -598.08% plunge from its current level, while the stock would need to soar -598.08% for it to hit the projected low.
The 2025 estimates are for Digital Turbine Inc earnings to increase by 18.57%.
APPS Dividends
Digital Turbine Inc is expected to release its next quarterly earnings report on 2025-Jun-16.
Digital Turbine Inc (NASDAQ:APPS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.68% of Digital Turbine Inc shares while 60.99% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.66%. There are 60.99% institutions holding the Digital Turbine Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.1496% 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.
