Digital Turbine Inc. (NASDAQ:APPS) finished Wednesday with a subtraction of -$0.84 to close at $9.29, a downside of -8.29 percent. An average of 1,617,960 shares of common stock have been traded in the last five days. There was a fall of -$1.07 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,451,735 shares traded, while the 50-day average volume stands at 2,105,280.
APPS stock has decreased by -7.93% in the last month. The company shares reached their 1-month lowest point of $8.95 on 08/09/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $7.72 and a high of $25.00 in 52 weeks. It has reached a new high 8 times so far this year and lost -39.04% or -$5.95 in price. In spite of this, the price is down -62.84% from the 52-week high.
Insider Transactions
APPS stock investors should be aware that Digital Turbine Inc. (APPS) stock had its last reported insider trading activity 147 days ago on May 31. In this transaction, the insider spent $359,100. Chief Executive Officer, STONE WILLIAM GORDON III, disposed of 35,000 shares at a price of $10.54 on Mar 15. The insider now owns more than $368,900 worth of shares. Prior to that, Chief Executive Officer STONE WILLIAM GORDON III went on to Sale 36,025 shares at $10.75 each on Mar 02. An amount of $387,269 was transacted.
Valuation Metrics
Digital Turbine Inc. (APPS) has a trailing price-to-earnings (P/E) ratio of 59.17. The stock’s beta is 2.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.38, the price-to-book (PB) ratio at 1.52, and the price-to-cash flow ratio at 10.28.
Financial Health
The quick ratio of Digital Turbine Inc. for the three months ended March 30 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 0.68 and a total debt to equity ratio of 0.68 for the quarter ending March 30. Digital Turbine Inc.’s EBITDA margin for the year ending March 30 is 19.96%, while its operating margin for the same period stands at 6.90%. Its gross profit as reported stood at $320.23 million compared to revenue of $665.92 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 1.20%.
Earnings Surprise
For the three-month period that ended March 30, Digital Turbine Inc. had $405.73 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$8.18 million in the quarter, while revenues of -$13.93 million were grew 282.4%. The analyst consensus anticipated Digital Turbine Inc.’s latest quarter earnings to come in at $0.18 per share, but it turned out to be $0.14, a -22.20% surprise. For the quarter, EBITDA amounted to $16.54 million. At the end of the quarter ending March 30, Digital Turbine Inc.’s stock balance sheet showed total liabilities of 662.57 million. Shareholders own equity worth $100.52 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 09 August was 29.36%, suggesting the stock is oversold, with historical volatility in this time frame at 53.66%.
As of today, APPS’s price is $10.10 -10.33% or -$1.07 from its 5-day moving average. APPS is currently trading -11.61% lower than its 20-day SMA and -10.50% lower than its 100-day SMA. However, the stock’s current price level is +1.98% above the SMA50 and -33.26% below the SMA200.
The stochastic %K and %D were 29.27% and 27.70%, respectively, and the average true range (ATR) was 0.56. With the 14-day stochastic at 16.30% and the average true range at 0.54, the RSI (14) stands at 37.62%. The stock has reached -0.38 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.
Analyst Ratings
ROTH MKM downgraded Digital Turbine Inc. (NASDAQ: APPS) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Digital Turbine Inc. (APPS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell APPS, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 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 $10.00 and $18.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for Digital Turbine Inc. (APPS) stock is $12.00.
