The Insider Activity Of Digital Turbine Inc. (APPS) Is Worth Monitoring


Digital Turbine Inc. (NASDAQ:APPS) finished Wednesday with an addition of $0.12 to close at $14.01, an upside of 0.86 percent. An average of 1,625,940 shares of common stock have been traded in the last five days. There was a fall of -$0.67 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,869,220 shares traded, while the 50-day average volume stands at 2,832,156.

APPS stock has decreased by -15.50% in the last month. The company shares reached their 1-month lowest point of $13.43 on 12/27/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $10.65 and a high of $70.52 in 52 weeks. It has reached a new high 1 time so far this year and lost -77.03% or -$46.98 in price. In spite of this, the price is down -80.13% from the 52-week high.

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Insider Transactions

APPS stock investors should be aware that Digital Turbine Inc. (APPS) stock had its last reported insider trading activity 302 days ago on Mar 14.

Valuation Metrics

Digital Turbine Inc. (APPS) has a trailing price-to-earnings (P/E) ratio of 27.20. The stock’s beta is 2.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.88, the price-to-book (PB) ratio at 2.37, and the price-to-cash flow ratio at 12.42.

Financial Health

The quick ratio of Digital Turbine Inc. for the three months ended September 29 was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.77 and a total debt to equity ratio of 0.77 for the quarter ending September 29. Its gross profit as reported stood at $347.11 million compared to revenue of $747.6 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 3.80%.

Earnings Surprise

For the three-month period that ended September 29, Digital Turbine Inc. had $447.19 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $11.66 million in the quarter, while revenues of $14.92 million were grew 150.17%. The analyst consensus anticipated Digital Turbine Inc.’s latest quarter earnings to come in at $0.33 per share, but it turned out to be $0.34, a 3.00% surprise. For the quarter, EBITDA amounted to $41.16 million. Shareholders own equity worth $99.02 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 28 December was 31.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.67%.

As of today, APPS’s price is $14.25 -4.56% or -$0.67 from its 5-day moving average. APPS is currently trading -16.81% lower than its 20-day SMA and -38.77% lower than its 100-day SMA. However, the stock’s current price level is -4.24% below the SMA50 and -55.54% below the SMA200.

The stochastic %K and %D were 8.96% and 8.62%, respectively, and the average true range (ATR) was 0.88. With the 14-day stochastic at 11.31% and the average true range at 1.00, the RSI (14) stands at 38.64%. The stock has reached -0.57 on the 9-day MACD Oscillator while the 14-day reading was at -1.26.

Analyst Ratings

BofA Securities launched coverage on Digital Turbine Inc. (NASDAQ: APPS) in its analyst report released on October 17, 2022. The firm assigned the stock a Buy rating. 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 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 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 $17.00 and $30.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for Digital Turbine Inc. (APPS) stock is $21.84.


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