Digital Turbine Inc (NASDAQ:APPS) price on Thursday, January 16, rose 2.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.97.
A look at the stock’s price movement, the close in the last trading session was $1.93, moving within a range at $1.81 and $1.98. The beta value (5-Year monthly) was 2.595. Turning to its 52-week performance, $6.03 and $1.18 were the 52-week high and 52-week low respectively. Overall, APPS moved 37.76% over the past month.
Digital Turbine Inc’s market cap currently stands at around $204.34 million, with investors looking forward to this quarter’s earnings report slated for in February.
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 Hold. On the other hand, the stock is on average a 50% 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 8.75% and 16.26% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.85, while 7-day volatility ratio is 8.51% and 11.37% in the 30-day chart. Further, Digital Turbine Inc (APPS) has a beta value of 2.34, and an average true range (ATR) of 0.18. 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 -1930.46% off current price level while to achieve the yearly target high, price needs to move -1930.46%. Nonetheless, investors will most likely welcome a -1930.46% 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 3.0 over the past 10 days and 3.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 103.52 million shares.
The 13.08% of Digital Turbine Inc’s shares are in the hands of company insiders while institutional holders own 52.72% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.98 million on 2024-12-31, giving us a short ratio of 1.55. The data shows that as of 2024-12-31 short interest in Digital Turbine Inc (APPS) stood at 569.99996 of shares outstanding, with shares short falling to 6.02 million registered in 2024-11-29. Current price change has pushed the stock 16.57% 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.
