rts logo

What should you know before buying stock in Digital Turbine Inc (APPS)

Digital Turbine Inc (NASDAQ: APPS) is -53.94% 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 $3.20 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $3.16, the stock is -3.39% and 1.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing -1.25% at the moment leaves the stock 13.33% off its SMA200. APPS registered -28.83% loss for a year compared to 6-month gain of 53.40%. The firm has a 50-day simple moving average (SMA 50) of $3.107 and a 200-day simple moving average (SMA200) of $2.7883.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a 17.47% loss in the last 1 month and extending the period to 3 months gives it a 71.74%, and is 2.60% 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 7.96% over the week and 8.07% over the month.

Digital Turbine Inc (APPS) has around 754 employees, a market worth around $320.71M and $516.11M in sales. Fwd P/E is 5.92. Profit margin for the company is -84.71%. Distance from 52-week low is 127.34% and -56.86% 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

220.0 institutions hold shares in Digital Turbine Inc (APPS), with institutional investors hold 61.69% 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 58.50% 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.

Digital Turbine Inc (APPS) Insider Activity

#####

Related Posts