Digital Turbine Inc. (NASDAQ:APPS) saw a downside of -1.06% to $10.26 after subtracting -$0.11 on Monday. The 5-day average trading volume is 835,778 shares of the company’s common stock. It has gained $10.71 in the past week and touched a new high 1 time within the past 5 days. An average of 1,378,974 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,609,322.
APPS’s 1-month performance is 10.20% or $0.95 on its low of $9.15 reached on 07/10/23. The company’s shares have touched a 52-week low of $7.72 and high of $25.00, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, APPS has lost -32.68% or -$4.98 and has reached a new high 8 times. However, the current price is down -58.96% from the 52-week high price.
Insider Transactions
APPS stock investors last saw insider trading activity on May 31.STONE WILLIAM GORDON III (Chief Executive Officer) most recently sold 35,000 shares at $10.26 per share on Mar 16. This transaction cost the insider $359,100. Chief Executive Officer, STONE WILLIAM GORDON III, sold 35,000 shares at a price of $10.54 on Mar 15. Then, on Mar 02, Chief Executive Officer STONE WILLIAM GORDON III sold 36,025 shares at a price of $10.75 per share. This transaction amounted to $387,269.
Valuation Metrics
APPS stock has a beta of 2.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.53 while the price-to-book (PB) in the most recent quarter is 1.68, with the price to cash flow ratio at 11.35.
Digital Turbine Inc.’s quick ratio for the period ended March 30 was 1.20, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.68, while the total debt to equity was 0.68. In terms of profitability, the gross margin trailing 12 months is 48.10%. The firm’s gross profit as reported stood at $320.23 million against revenue of $665.92 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 244.29% to -$13.93 million, while revenue of $4.02 million was 128.86% off the previous quarter. Analysts expected APPS to announce $0.18 per share in earnings in its latest quarter, but it posted $0.14, representing a -22.20% surprise. EBITDA for the quarter stood at more than $11.78 million. APPS stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 659.3 million, with total debt at $420.3 million. Shareholders hold equity totaling $99.99 million.
Let’s look briefly at Digital Turbine Inc. (APPS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 46.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.23%.
The stock’s 5-day moving average is $10.38, reflecting a -5.35% or -$0.58 change from its current price. APPS is currently trading +8.34% above its 20-day SMA, -2.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -28.90% and SMA200 by-32.10%.
Stochastic %K and %D was 16.00% and 19.29% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 49.75%, while the 14-day stochastic is at 13.36% with the period’s ATR at 0.45. The stock’s 9-day MACD Oscillator is pointing at -0.19 and -0.21 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Digital Turbine Inc. (NASDAQ: APPS), ROTH MKM downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for APPS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate APPS as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is APPS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $20.00, with their median price target at $11.00. Looking at these predictions, the average price target given by analysts is for Digital Turbine Inc. (APPS) stock is $12.33.
