Digital Turbine Inc (NASDAQ: APPS)’s stock price has gone decline by -1.42 in comparison to its previous close of 3.16, however, the company has experienced a -11.00% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-10-30 that Digital Turbine Will Bring a Suite of Android and iOS App Growth Solutions, Including ONE Store’s Market Leading Alternative App Marketplace, to North America, the EU, and LATAM AUSTIN, Texas and SEOUL, South Korea, Oct. 30, 2024 /PRNewswire/ — Digital Turbine, the global leader in growth solutions for the mobile ecosystem, and ONE Store, the leading alternative app marketplace in South Korea, today announce that Digital Turbine is acquiring ONE Store International, a subsidiary of ONE Store focused on global expansion. DT and ONE Store are partnering to create a fairer app ecosystem and expand alternative app growth globally This acquisition marks the next phase in the strategic partnership between the two companies, aimed at empowering app developers to grow their business globally beyond the incumbent app stores.
Is It Worth Investing in Digital Turbine Inc (NASDAQ: APPS) Right Now?
The stock has a 36-month beta value of 2.57. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for APPS is 91.10M, and at present, short sellers hold a 5.69% of that float. On November 04, 2024, the average trading volume of APPS was 4.09M shares.
APPS’s Market Performance
APPS’s stock has seen a -11.00% decrease for the week, with a 12.45% rise in the past month and a 75.00% gain in the past quarter. The volatility ratio for the week is 7.96%, and the volatility levels for the past 30 days are at 8.07% for Digital Turbine Inc The simple moving average for the past 20 days is -4.86% for APPS’s stock, with a 12.17% 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 0.82% 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 -57.47% of loss for the given period.
Volatility was left at 8.07%, however, over the last 30 days, the volatility rate increased by 7.96%, as shares surge +0.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.74% lower at present.
During the last 5 trading sessions, APPS fell by -12.14%, which changed the moving average for the period of 200-days by -42.52% in comparison to the 20-day moving average, which settled at $3.27. In addition, Digital Turbine Inc saw -54.59% 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 sum up, Digital Turbine Inc (APPS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
