Chestnutt Roy H Acquires Digital Turbine Inc. (APPS) Shares

Digital Turbine Inc. (NASDAQ:APPS) finished Wednesday with an addition of $1.19 to close at $83.69, an upside of 1.44 percent. An average of 3,318,940 shares of common stock have been traded in the last five days. There was a gain of $8.77 in the past week. The last 20 days have seen an average of 3,567,275 shares traded, while the 50-day average volume stands at 4,139,096.

APPS stock has increased by 36.24% in the last month. The company shares reached their 1-month lowest point of $60.37 on 09/15/21. With the stock rallying to its 52-week high on 03/02/21, shares of the company touched a low of $25.26 and a high of $102.56 in 52 weeks. In spite of this, the price is down -18.40% from the 52-week high.

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Insider Transactions

121 days have passed since Digital Turbine Inc. (APPS) last reported insider trading activity. COLLINS CHRISTINE, who is Chief Technology Officer, most recently acquired $40,000 shares at $70.02 per share on Jun 15. In this transaction, the insider spent $2,800,800. Chief Accounting Officer, WESCH DAVID, disposed of 25,000 shares at a price of $88.23 on Feb 08. The insider now owns more than $2,205,750 worth of shares. Prior to that, Director Rogers Christopher Thomas went on to Sale 30,000 shares at $53.01 each on Jan 04. An amount of $1,590,300 was transacted.

Valuation Metrics

Digital Turbine Inc. (APPS) has a trailing price-to-earnings (P/E) ratio of 138.33, which compares with the 29.20 for the broader industry and 37.24 for the sector. In the last five years, Digital Turbine Inc.’s PE ratio has ranged between 228.91 and 25.53. The stock’s beta is 2.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 17.18, the price-to-book (PB) ratio at 15.24, and the price-to-cash flow ratio at 495.48.

The quick ratio of Digital Turbine Inc. for the three months ended June 29 was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.46 and a total debt to equity ratio of 0.51 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 38.10% against a 5-year average of 35.4%. Digital Turbine Inc.’s EBITDA margin for the year ending June 29 is 21.15%, while its operating margin for the same period stands at 14.40%. Its gross profit as reported stood at $132.57 million compared to revenue of $313.58 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Digital Turbine Inc.’s return on assets was 11.10%, compared to -9.5% over the last five years. In the past year, the return on investment has been 45.00%, and the 5-year average is -16.2%. Meanwhile, the return on equity (ROE) for the past 12 months has been 27.70% and the 5-year average holds at -19.4%. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

The analyst consensus anticipated Digital Turbine Inc.’s latest quarter earnings to come in at $0.31 per share, but it turned out to be $0.34, a 9.70% surprise. For the quarter, EBITDA amounted to $27.8 million. Shareholders own equity worth $96.1 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Digital Turbine Inc. (APPS) price momentum. RSI 9-day as of the close on 13 October was 78.48%, suggesting the stock is Overbought, with historical volatility in this time frame at 29.30%.

As of today, APPS’s price is $80.30 +11.71% or $8.77 from its 5-day moving average. APPS is currently trading +34.33% higher than its 20-day SMA and +35.27% higher than its 100-day SMA. However, the stock’s current price level is +32.11% above the SMA50 and +50.41% above the SMA200.

The stochastic %K and %D were 91.71% and 89.58%, respectively, and the average true range (ATR) was 3.96. With the 14-day stochastic at 97.85% and the average true range at 3.92, the RSI (14) stands at 72.85%. The stock has reached 5.15 on the 9-day MACD Oscillator while the 14-day reading was at 7.04.

Analyst Ratings

Canaccord Genuity upgraded Digital Turbine Inc. (NASDAQ: APPS) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for Digital Turbine Inc. (APPS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell APPS, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is APPS’s price target for the next 12 months?

Analysts predict a range of price targets between $68.00 and $132.00, with a median target of $102.50. Taking a look at these predictions, the average price target given by analysts for Digital Turbine Inc. (APPS) stock is $102.50.


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