Digital Turbine Inc (NASDAQ: APPS) is -82.36% lower on its value in year-to-date trading and has touched a low of $1.22 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 $1.25 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $1.21, the stock is -50.17% and -56.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.29 million and changing -3.20% at the moment leaves the stock -52.83% off its SMA200. APPS registered -77.21% loss for a year compared to 6-month gain of -48.29%. The firm has a 50-day simple moving average (SMA 50) of $2.808 and a 200-day simple moving average (SMA200) of $2.5845.
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The stock witnessed a -61.83% loss in the last 1 month and extending the period to 3 months gives it a -69.44%, and is -11.03% 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 9.72% over the week and 9.91% over the month.
Digital Turbine Inc (APPS) has around 754 employees, a market worth around $125.51M and $491.57M in sales. Fwd P/E is 4.62. Profit margin for the company is -61.17%. Distance from 52-week low is -0.82% and -83.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.34%).
with sales reaching $123.68M over the same period.The EPS is expected to shrink by -75.35% this year, but quarterly earnings will post -12.39% year-over-year. Quarterly sales are estimated to shrink -13.29% in year-over-year returns.
Digital Turbine Inc (APPS) Top Institutional Holders
229.0 institutions hold shares in Digital Turbine Inc (APPS), with institutional investors hold 62.92% of the company’s shares. The shares outstanding are 102.12M, and float is at 91.83M with Short Float at 5.36%. Institutions hold 59.64% 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 STONE WILLIAM GORDON III, the company’s Chief Executive Officer. SEC filings show that STONE WILLIAM GORDON III bought 100,000 shares of the company’s common stock on Nov 19 ’24 at a price of $1.22 per share for a total of $0.12 million. Following the purchase, the insider now owns 1.67 million shares.
Digital Turbine Inc disclosed in a document filed with the SEC on Nov 11 ’24 that DEUTSCHMAN ROBERT M (Director) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $1.41 per share for $0.14 million. Following the transaction, the insider now directly holds 0.57 million shares of the APPS stock.
