The stock of Digital Turbine Inc (APPS) has gone up by 57.58% for the week, with a 56.00% rise in the past month and a 39.29% rise in the past quarter. The volatility ratio for the week is 17.69%, and the volatility levels for the past 30 days are 11.19% for APPS. The simple moving average for the past 20 days is 40.35% for APPS’s stock, with a -11.73% simple moving average for the past 200 days.
Is It Worth Investing in Digital Turbine Inc (NASDAQ: APPS) Right Now?
Additionally, the 36-month beta value for APPS is 2.49. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for APPS is 91.36M and currently, short sellers hold a 5.59% ratio of that float. The average trading volume of APPS on August 12, 2024 was 3.20M shares.
APPS) stock’s latest price update
Digital Turbine Inc (NASDAQ: APPS)’s stock price has increased by 8.33 compared to its previous closing price of 2.88. However, the company has seen a 57.58% increase in its stock price over the last five trading sessions. investorplace.com reported 2024-08-08 that One of today’s biggest earnings movers is Digital Turbine (NASDAQ: APPS ). The company has shed more than 70% of its value over the past year; however, the mobile growth platform reported earnings yesterday and APPS has been rising steadily all day.
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 $5 based on the research report published on May 29, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see APPS reach a price target of $10, previously predicting the price at $12. The rating they have provided for APPS stocks is “Buy” according to the report published on February 08th, 2024.
BofA Securities gave a rating of “Neutral” to APPS, setting the target price at $8 in the report published on September 14th of the previous year.
APPS Trading at 66.95% 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 -68.80% of loss for the given period.
Volatility was left at 11.19%, however, over the last 30 days, the volatility rate increased by 17.69%, as shares surge +46.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.74% upper at present.
During the last 5 trading sessions, APPS rose by +57.58%, which changed the moving average for the period of 200-days by -35.80% in comparison to the 20-day moving average, which settled at $2.27. In addition, Digital Turbine Inc saw -54.52% 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:
- -0.38 for the present operating margin
- 0.37 for the gross margin
The net margin for Digital Turbine Inc stands at -0.85. The total capital return value is set at -0.31. Equity return is now at value -110.02, with -41.21 for asset returns.
Based on Digital Turbine Inc (APPS), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 2.01. The interest coverage ratio of the stock is 12.16.
Currently, EBITDA for the company is 46.06 million with net debt to EBITDA at 10.24. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 2.61for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
In conclusion, Digital Turbine Inc (APPS) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
