Digital Turbine Inc (APPS) Is Now En Route to Higher Prices

Digital Turbine Inc (NASDAQ: APPS) is -55.18% lower on its value in year-to-date trading and has touched a low of $4.10 and a high of $18.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The APPS stock was last observed hovering at around $6.89 in the last trading session, with the day’s loss setting it -0.06% off its average median price target of $6.00 for the next 12 months. It is also 43.08% off the consensus price target high of $12.00 offered by 7 analysts, but current levels are -36.6% lower than the price target low of $5.00 for the same period.

Currently trading at $6.83, the stock is 14.80% and 25.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing -0.87% at the moment leaves the stock -21.76% off its SMA200. APPS registered -53.44% loss for a year compared to 6-month loss of -16.20%. The firm has a 50-day simple moving average (SMA 50) of $1.72 and a 200-day simple moving average (SMA200) of $13.85.

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The stock witnessed a 34.98% gain in the last 1 month and extending the period to 3 months gives it a 10.16%, and is 3.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.10% over the week and 7.07% over the month.

Digital Turbine Inc (APPS) has around 777 employees, a market worth around $691.95M and $592.05M in sales. Fwd P/E is 9.70. Profit margin for the company is -30.33%. Distance from 52-week low is 66.59% and -63.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.59%).

Digital Turbine Inc (APPS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Digital Turbine Inc (APPS) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 2.43, where 5 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Digital Turbine Inc is expected to release its quarterly report on 02/07/2024.The EPS is expected to shrink by -46.72% this year.

Digital Turbine Inc (APPS) Top Institutional Holders

The shares outstanding are 99.46M, and float is at 91.11M with Short Float at 5.22%.

Digital Turbine Inc (APPS) Insider Activity

A total of 57 insider transactions have happened at Digital Turbine Inc (APPS) in the last six months, with sales accounting for 36 and purchases happening 21 times. The most recent transaction is an insider purchase by DEUTSCHMAN ROBERT M,the company’sDirector. SEC filings show that DEUTSCHMAN ROBERT M bought 20,000 shares of the company’s common stock on Sep 15 at a price of $6.84 per share for a total of $0.14 million. Following the purchase, the insider now owns 0.37 million shares.

Digital Turbine Inc disclosed in a document filed with the SEC on Sep 15 that GYANI MOHAN S (Director) bought a total of 20,000 shares of the company’s common stock. The trade occurred on Sep 15 and was made at $6.73 per share for $0.13 million. Following the transaction, the insider now directly holds 49971.0 shares of the APPS stock.

Still, SEC filings show that on Sep 15, Karish Jeff (Director) acquired 5,000 shares at an average price of $6.85 for $34250.0. The insider now directly holds 343,493 shares of Digital Turbine Inc (APPS).

Digital Turbine Inc (APPS): Who are the competitors?

The company’s main competitors (and peers) include CSG Systems International Inc. (CSGS) that is trading -5.53% down over the past 12 months. Amdocs Ltd. (DOX) that is -1.59% lower over the same period.