The Digital Turbine Inc. (NASDAQ:APPS) is going down by -2.46% in today’s trading session, a fall equivalent to -0.21% of the stock’s price from yesterday’s market close. A news came out on 11/07/19 stating that Digital Turbine Ranked #63 Fastest Growing Technology Company in North America on Deloitte’s 2019 Technology Fast 500(TM) by WSJ. The lowest point that the shares touched during the trading session was $8.37, while the peak of the day was recorded at a share price of $9.02. APPS finished the previous session at $8.54 according to the data provided by Barchart, while the trading volume was observed to be $1399677.
In the 100 days of trading, APPS managed to top a 6.78% Moving average. Additionally, Digital Turbine Inc. shares have achieved a 52-week range between 1.61 and 9.13 alongside 100 days raw stochastic set at 80.95%.
The number of shares outstanding, according to the fundamentals of the company, is set at 83.40M, equal to the value of $712.24M in market capitalization. In the last 30 days, Digital Turbine Inc. shares went down by -8.55%, adding 9.13 to growth in value, on top of a +32.25% boost since 11/01/19.
Digital Turbine Inc. (NASDAQ:APPS) Analyst’s Estimates
Digital Turbine Inc. (APPS) could record at least $0.05 per share in quarterly earnings in the upcoming report on 02/11/2020, a number that would actually represent an increase of 0.24 YOY.
According to the average analyst rating, Digital Turbine Inc. would be rated as Buy. Out of 5 different analysts monitoring APPS stock, 5 analysts rate the stock as a BUY, 0 suggest to give the rating of HOLD, 0 indicate that APPS is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On June 27, 2019, the stock earned a Initiated rating due to a new analyst call from Canaccord Genuity, while analysts from ROTH Capital believe that the stock is set at Buy from Neutral, as concluded on March 30, 2017. ROTH Capital, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on September 26, 2016.
Ladenburg Thalmann, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on June 14, 2016, giving the stock a Neutral from the Buy rating.
APPS Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +33.53% has been attained, while the operating margin has been recorded at +3.33%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -5.08%. Beta value of the stock is recorded at 1.55. Additionally, Digital Turbine Inc. is recording price volatility of 6.20% for the period of the last seven days and 6.07% in the last 30 days.
Digital Turbine Inc. (NASDAQ:APPS) Technical Outlook
For the period of the last 50 days, Digital Turbine Inc. had its Raw Stochastic average set at 76.68% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 72.29%. Stochastic %K for Digital Turbine Inc., with the last 20 days included, was set at 80.94%, having Stochastic %D topping 87.50%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Digital Turbine Inc. stocks with recording 366.67% in metrics.
Digital Turbine Inc. Insider Watch:
Similarly, 42.46% of the company’s float is held by institutions – and there are 62 institutions in total holding shares of this company. The top three institutional holders of APPS stocks are: Blackrock Inc. with ownership of $33.59 million, which is approximately 5211355 of the company’s shares; Vanguard Group, Inc. (The), holding 3334159 shares of the stock with an approximate value of $21.49 million; and State Street Corporation, currently with more than 1724788 shares of the company valued at $11.12 million. Positions in Digital Turbine Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 9 insider purchases amounting to 103580 shares. Similarly, there were 2 sale transactions amounting to 195000 shares, with the net shares purchased during the last six months reaching -91,420.