Digital Turbine Inc (NASDAQ:APPS) shares, rose in value on Wednesday, April 16, with the stock price up by 1.42% to the previous day’s close as strong demand from buyers drove the stock to $2.86.
Actively observing the price movement in the last trading, the stock closed the session at $2.82, falling within a range of $2.75 and $3.0. The value of beta (5-year monthly) was 2.482. Referring to stock’s 52-week performance, its high was $6.86, and the low was $1.18. On the whole, APPS has fluctuated by -15.63% over the past month.
With the market capitalization of Digital Turbine Inc currently standing at about $300.32 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-04.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that APPS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of APPS currently trading nearly -0.95% and -20.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.30, while the 7-day volatility ratio is showing 10.36% which for the 30-day chart, stands at 12.76%. Furthermore, Digital Turbine Inc (APPS)’s beta value is 2.39, and its average true range (ATR) is 0.37.
A comparison of Digital Turbine Inc (APPS) with its peers suggests the former has fared considerably weaker in the market. APPS showed an intraday change of 1.42% in last session, and over the past year, it grew by 52.94%%.
Data on historical trading for Digital Turbine Inc (NASDAQ:APPS) indicates that the trading volumes over the past 10 days have averaged 3.26 and over the past 3 months, they’ve averaged 6.88 million. According to company’s latest data on outstanding shares, there are 104.83 million shares outstanding.
Nearly 13.45% of Digital Turbine Inc’s shares belong to company insiders and institutional investors own 45.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.54 million shares as on 2025-03-31, resulting in a short ratio of 1.33. According to the data, the short interest in Digital Turbine Inc (APPS) stood at 625.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 4.44 million. The stock has risen by 69.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the APPS stock heading into the next quarter.
