Digital Turbine Inc (NASDAQ:APPS) price on Tuesday, December 24, fall -4.81% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.78.
A look at the stock’s price movement, the close in the last trading session was $1.87, moving within a range at $1.735 and $1.94. The beta value (5-Year monthly) was 2.595. Turning to its 52-week performance, $7.30 and $1.18 were the 52-week high and 52-week low respectively. Overall, APPS moved 15.79% over the past month.
Digital Turbine Inc’s market cap currently stands at around $175.74 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 123.68M for the company’s revenue for the quarter, with a low and high estimate of 122.67M and 125M respectively. The average forecast suggests down to a -13.29% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 477.05M, representing a -12.39% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that APPS is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 6 recommend APPS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
APPS’s current price about 17.18% and -15.08% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.49, while 7-day volatility ratio is 15.22% and 8.51% in the 30-day chart. Further, Digital Turbine Inc (APPS) has a beta value of 2.36, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $40, forecast between a low of $40 and high of $40. Looking at the price targets, the low is -2147.19% off current price level while to achieve the yearly target high, price needs to move -2147.19%. Nonetheless, investors will most likely welcome a -2147.19% jump to $40 which is the analysts’ median price.
If we refocus on Digital Turbine Inc (NASDAQ:APPS), historical trading data shows that trading volumes averaged 3.46 over the past 10 days and 3.60 million over the past 3 months. The company’s latest data on shares outstanding shows there are 103.52 million shares.
The 11.48% of Digital Turbine Inc’s shares are in the hands of company insiders while institutional holders own 52.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.02 million on 2024-11-29, giving us a short ratio of 1.1. The data shows that as of 2024-11-29 short interest in Digital Turbine Inc (APPS) stood at 689.0 of shares outstanding, with shares short rising to 4.92 million registered in 2024-10-31. Current price change has pushed the stock -74.34% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the APPS stock continues to rise going into the next quarter.
