APPS has 36-month beta value of 2.61. Analysts have mixed views 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 91.10M, and currently, short sellers hold a 5.69% ratio of that float. The average trading volume of APPS on October 23, 2024 was 4.06M 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 -3.50 compared to its previous closing price of 3.29. However, the company has seen a fall of -8.24% in its stock price over the last five trading days. zacks.com reported 2024-10-09 that Digital Turbine (APPS) made it through our ‘Fast-Paced Momentum at a Bargain’ screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
APPS’s Market Performance
APPS’s stock has fallen by -8.24% in the past week, with a monthly rise of 15.04% and a quarterly rise of 36.85%. The volatility ratio for the week is 6.64% while the volatility levels for the last 30 days are 7.95% for Digital Turbine Inc The simple moving average for the past 20 days is 1.53% for APPS’s stock, with a 10.55% simple moving average for the past 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 $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 0.27% 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 -56.66% of loss for the given period.
Volatility was left at 7.95%, however, over the last 30 days, the volatility rate increased by 6.64%, as shares surge +18.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.00% lower at present.
During the last 5 trading sessions, APPS fell by -7.95%, which changed the moving average for the period of 200-days by -49.92% in comparison to the 20-day moving average, which settled at $3.13. In addition, Digital Turbine Inc saw -53.72% in overturn over a single year, with a tendency to cut further losses.
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 -2434.04.
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
To put it simply, Digital Turbine Inc (APPS) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
