Digital Turbine Inc (NASDAQ: APPS)’s stock price has plunge by 0.69relation to previous closing price of 1.45. Nevertheless, the company has seen a -2.01% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-08 that Declining revenues, negative margins and shareholder dilution undermine confidence in a turnaround. The company’s balance sheet remains weak with high debt and negative cash flow, making it also difficult to see a turnaround happening soon. Despite a low PS multiple, the current financial risks and operational challenges do not justify a higher valuation in my opinion.
Is It Worth Investing in Digital Turbine Inc (NASDAQ: APPS) Right Now?
Company’s 36-month beta value is 2.40.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for APPS is 91.70M, and currently, short sellers hold a 5.97% ratio of that floaft. The average trading volume of APPS on December 04, 2024 was 3.42M shares.
APPS’s Market Performance
APPS’s stock has seen a -2.01% decrease for the week, with a -53.80% drop in the past month and a -47.86% fall in the past quarter. The volatility ratio for the week is 5.67%, and the volatility levels for the past 30 days are at 10.43% for Digital Turbine Inc The simple moving average for the last 20 days is -9.50% for APPS stock, with a simple moving average of -40.42% for the last 200 days.
Analysts’ Opinion of APPS
Many brokerage firms have already submitted their reports for APPS stocks, with BofA Securities repeating the rating for APPS by listing it as a “Underperform.” The predicted price for APPS in the upcoming period, according to BofA Securities is $1 based on the research report published on November 15, 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 $5, previously predicting the price at $10. The rating they have provided for APPS stocks is “Buy” according to the report published on May 29th, 2024.
Craig Hallum gave a rating of “Buy” to APPS, setting the target price at $10 in the report published on February 08th of the current year.
APPS Trading at -42.29% 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 -80.07% of loss for the given period.
Volatility was left at 10.43%, however, over the last 30 days, the volatility rate increased by 5.67%, as shares sank -53.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.32% lower at present.
During the last 5 trading sessions, APPS fell by -2.01%, which changed the moving average for the period of 200-days by -58.05% in comparison to the 20-day moving average, which settled at $1.6133. In addition, Digital Turbine Inc saw -78.72% 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 STERLING MICHELLE M, who purchase 7,000 shares at the price of $1.43 back on Nov 27 ’24. After this action, STERLING MICHELLE M now owns 24,640 shares of Digital Turbine Inc, valued at $10,010 using the latest closing price.
Chestnutt Roy H, the Director of Digital Turbine Inc, purchase 7,000 shares at $1.42 during a trade that took place back on Nov 26 ’24, which means that Chestnutt Roy H is holding 216,364 shares at $9,940 based on the most recent closing price.
Stock Fundamentals for APPS
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.37 for the gross margin
The net margin for Digital Turbine Inc stands at -0.61. The total capital return value is set at -0.09. Equity return is now at value -95.43, with -31.07 for asset returns.
Based on Digital Turbine Inc (APPS), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 2.24. The interest coverage ratio of the stock is -3.57.
Currently, EBITDA for the company is 54.57 million with net debt to EBITDA at 13.38. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 2.57for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
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.
