Digital Turbine Inc (APPS) Stock: A SWOT Analysis

Company’s 36-month beta value is 2.49.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for APPS is 91.83M, and currently, short sellers hold a 9.08% ratio of that floaft. The average trading volume of APPS on April 03, 2024 was 2.74M shares.

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APPS) stock’s latest price update

Digital Turbine Inc (NASDAQ: APPS) has experienced a decline in its stock price by -2.48 compared to its previous closing price of 2.42. However, the company has seen a fall of -8.17% in its stock price over the last five trading days. InvestorPlace reported 2024-03-14 that U.S. tech equities sustained a jaw-breaking rally in 2023, with the Nasdaq beating all other indices, accruing a more than 43% return. Big tech and a number of other small-to-mid cap tech stocks have also been on the rise in 2024.

APPS’s Market Performance

APPS’s stock has fallen by -8.17% in the past week, with a monthly drop of -26.48% and a quarterly drop of -65.60%. The volatility ratio for the week is 6.61% while the volatility levels for the last 30 days are 6.81% for Digital Turbine Inc The simple moving average for the last 20 days is -16.92% for APPS’s stock, with a simple moving average of -63.08% for the last 200 days.

Analysts’ Opinion of APPS

Many brokerage firms have already submitted their reports for APPS stocks, with Craig Hallum repeating the rating for APPS by listing it as a “Buy.” The predicted price for APPS in the upcoming period, according to Craig Hallum is $10 based on the research report published on February 08, 2024 of the current year 2024.

BofA Securities, on the other hand, stated in their research note that they expect to see APPS reach a price target of $8, previously predicting the price at $12. The rating they have provided for APPS stocks is “Neutral” according to the report published on September 14th, 2023.

ROTH MKM gave a rating of “Neutral” to APPS, setting the target price at $10 in the report published on May 25th of the previous year.

APPS Trading at -37.56% from the 50-Day Moving Average

After a stumble in the market that brought APPS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.85% of loss for the given period.

Volatility was left at 6.81%, however, over the last 30 days, the volatility rate increased by 6.61%, as shares sank -26.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.89% lower at present.

During the last 5 trading sessions, APPS fell by -8.17%, which changed the moving average for the period of 200-days by -73.98% in comparison to the 20-day moving average, which settled at $2.80. In addition, Digital Turbine Inc saw -65.60% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at APPS starting from DEUTSCHMAN ROBERT M, who purchase 20,000 shares at the price of $6.84 back on Sep 15 ’23. After this action, DEUTSCHMAN ROBERT M now owns 370,055 shares of Digital Turbine Inc, valued at $136,800 using the latest closing price.

GYANI MOHAN S, the Director of Digital Turbine Inc, purchase 20,000 shares at $6.73 during a trade that took place back on Sep 15 ’23, which means that GYANI MOHAN S is holding 49,971 shares at $134,600 based on the most recent closing price.

Stock Fundamentals for APPS

Current profitability levels for the company are sitting at:

  • -0.31 for the present operating margin
  • 0.45 for the gross margin

The net margin for Digital Turbine Inc stands at -0.35. The total capital return value is set at -0.21. Equity return is now at value -37.60, with -16.07 for asset returns.

Based on Digital Turbine Inc (APPS), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -0.11. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 2092.24.

Currently, EBITDA for the company is 67.32 million with net debt to EBITDA at 10.18. When we switch over and look at the enterprise to sales, we see a ratio of 0.99. The receivables turnover for the company is 2.63for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.

Conclusion

In a nutshell, Digital Turbine Inc (APPS) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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