The stock of Digital Turbine Inc. (NASDAQ:APPS) increased by $0.05 on Tuesday to finish at $6.71, up 0.75 percent. The last five days have seen an average of 2,958,180 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$8.53. The average number of shares traded over the last 20 days was 1,732,175, while the average volume over the last 50 days totaled 1,581,916.
APPS stock dropped -25.94% since last month. On 09/14/23, the company’s shares reached a one-month low of $6.41. The stock touched a high of $20.40 on 02/02/23, after rallying from a low of $6.41 in 52 weeks. The price of APPS stock has declined by -55.97% or -$8.53 this year, reaching a new high 8 times. Still, the stock price is down -67.11% 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 5 days ago on Sep 15. On Sep 15, Director DEUTSCHMAN ROBERT M acquired 20,000 shares at $6.84 each. This transaction resulted in the insider spending $136,800. On Sep 15, GYANI MOHAN S added 20,000 shares at a price of US$6.73. After the transaction, the insider now owns 49,971 shares. Director Karish Jeff had earlier bought 5,000 shares on Sep 15 for $6.85 a share. The transaction was completed for $34,250.
Valuation Metrics
Beta for the stock is 2.50. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.07, the price-to-book (PB) ratio of 1.12, and the price-to-cash flow ratio of 12.54.
Financial Health
For the three months ended June 29, Digital Turbine Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.68, and the total debt to equity ratio is 0.68. As far as profitability goes, gross margin for the trailing twelve months is 47.30% percent. Digital Turbine Inc.’s EBITDA margin for the year ended June 29 was 19.96%, whereas its operating margin stood at 2.70% for the same period. Based on annual data, it had gross profit of $320.23 million and revenue of $665.92 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. APPS’s return on assets (ROA) during the last 12 months has been -0.50%. There was a 4.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.10%.
Earnings Surprise
According to Digital Turbine Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $146.37 million, while revenues fell by -28.87% to $140.12 million. It was predicted that Digital Turbine Inc.’s quarterly earnings would be $0.18, but it ended up being $0.13, beating the consensus by 38.50%. EBITDA was $16.54 million for the quarter. At the end of Digital Turbine Inc.’s most recent quarter ended June 29, its liabilities totaled 662.57 million, while its total debt was $405.73 million. Equity owned by shareholders amounts to $100.52 million.
Technical Picture
Here’s a quick look at Digital Turbine Inc.’s (APPS) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 14.28%, suggesting the stock is oversold, with a 26.39% historical volatility rate.
The stochastic %K and %D were 12.54% and 12.76% respectively, while the average true range (ATR) was 0.35. Based on the 14-day stochastic reading of 11.23%, the RSI (14) reading is 19.53%. On the 9-day MACD Oscillator, the stock is at -0.33, and the 14-day reading is at -0.91.
Analyst Ratings
Digital Turbine Inc. (NASDAQ: APPS) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Digital Turbine Inc. (APPS) an Hold rating. APPS is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is APPS’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.00 and $18.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for Digital Turbine Inc. (APPS) is $11.17.
