Will Digital Turbine Inc (APPS) benefit from Wall Street bulls Calls?

Digital Turbine Inc (NASDAQ: APPS) is -51.75% 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 $3.24 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $3.31, the stock is 8.49% and 4.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 2.16% at the moment leaves the stock 13.39% off its SMA200. APPS registered -39.43% loss for a year compared to 6-month gain of 78.92%. The firm has a 50-day simple moving average (SMA 50) of $3.1574 and a 200-day simple moving average (SMA200) of $2.919.

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The stock witnessed a 14.14% loss in the last 1 month and extending the period to 3 months gives it a 47.11%, and is -5.16% 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 6.44% over the week and 7.88% over the month.

Digital Turbine Inc (APPS) has around 754 employees, a market worth around $340.20M and $516.11M in sales. Fwd P/E is 6.20. Profit margin for the company is -84.71%. Distance from 52-week low is 138.13% and -54.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-73.40%).

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.

Digital Turbine Inc (APPS) Top Institutional Holders

214.0 institutions hold shares in Digital Turbine Inc (APPS), with institutional investors hold 61.39% of the company’s shares. The shares outstanding are 102.12M, and float is at 91.10M with Short Float at 5.69%. Institutions hold 58.22% 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.