Digital Turbine Inc (NASDAQ: APPS) is -79.59% lower on its value in year-to-date trading and has touched a low of $1.31 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 $1.49 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $1.40, the stock is -48.69% and -51.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.23 million and changing -6.04% at the moment leaves the stock -46.68% off its SMA200. APPS registered -72.92% loss for a year compared to 6-month gain of -45.95%. The firm has a 50-day simple moving average (SMA 50) of $2.8712 and a 200-day simple moving average (SMA200) of $2.6257.
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The stock witnessed a -59.54% loss in the last 1 month and extending the period to 3 months gives it a -61.64%, and is -21.79% 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 14.84% over the week and 9.62% over the month.
Digital Turbine Inc (APPS) has around 754 employees, a market worth around $145.21M and $491.57M in sales. Fwd P/E is 4.54. Profit margin for the company is -61.17%. Distance from 52-week low is 6.87% and -80.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.34%).
The EPS is expected to shrink by -65.58% this year
228.0 institutions hold shares in Digital Turbine Inc (APPS), with institutional investors hold 64.53% of the company’s shares. The shares outstanding are 102.12M, and float is at 91.95M with Short Float at 5.35%. Institutions hold 61.17% 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
The most recent transaction is an insider purchase by DEUTSCHMAN ROBERT M, the company’s Director. SEC filings show that DEUTSCHMAN ROBERT M bought 100,000 shares of the company’s common stock on Nov 11 ’24 at a price of $1.41 per share for a total of $0.14 million. Following the purchase, the insider now owns 0.57 million shares.
