Digital Turbine Inc (NASDAQ: APPS) is -60.93% lower on its value in year-to-date trading and has touched a low of $1.39 and a high of $7.32 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 $2.76 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $2.68, the stock is -9.63% and -5.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -2.90% at the moment leaves the stock -17.32% off its SMA200. APPS registered -56.77% loss for a year compared to 6-month gain of 8.50%. The firm has a 50-day simple moving average (SMA 50) of $2.855 and a 200-day simple moving average (SMA200) of $3.2259.
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The stock witnessed a -27.76% loss in the last 1 month and extending the period to 3 months gives it a 88.73%, and is -7.90% down 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 5.69% over the week and 7.61% over the month.
Digital Turbine Inc (APPS) has around 754 employees, a market worth around $275.45M and $516.11M in sales. Fwd P/E is 5.02. Profit margin for the company is -84.71%. Distance from 52-week low is 92.81% and -63.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-73.40%).
Digital Turbine Inc quarterly earnings per share for the current quarter are estimated at 0.06 with sales reaching $125.85M over the same period.The EPS is expected to shrink by -29.24% this year, but quarterly earnings will post 0.50% year-over-year.
219.0 institutions hold shares in Digital Turbine Inc (APPS), with institutional investors hold 61.40% of the company’s shares. The shares outstanding are 102.12M, and float is at 91.09M with Short Float at 4.55%. Institutions hold 58.23% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 8.34 million shares valued at $13.85 million. The investor’s holdings represent 8.2643 of the APPS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.73 million shares valued at $11.18 million to account for 6.6696 of the shares outstanding. The other top investors are D. E. SHAW & CO., INC. which holds 4.7 million shares representing 4.6499 and valued at over $7.79 million, while GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P. holds 2.2301 of the shares totaling 2.25 million with a market value of $3.74 million.
