Digital Turbine Inc. [NASDAQ: APPS] loss -9.26% on the last trading session, reaching $8.62 price per share at the time. Digital Turbine Inc. represents 86.77 million in outstanding shares, while the company has a total market value of $747.95 million with the latest information. APPS stock price has been found in the range of $8.21 to $8.97.
If compared to the average trading volume of 2.43M shares, APPS reached a trading volume of 3696955 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Digital Turbine Inc. [APPS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APPS shares is $10.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APPS stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
National Securities have made an estimate for Digital Turbine Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 17, 2019. The new note on the price target was released on June 27, 2019, representing the official price target for Digital Turbine Inc. stock.
The Average True Range (ATR) for Digital Turbine Inc. is set at 0.68, with the Price to Sales ratio for APPS stock in the period of the last 12 months amounting to 5.39. The Price to Book ratio for the last quarter was 9.69, with the Price to Cash per share for the same quarter was set at 0.25. Price to Free Cash Flow for APPS in the course of the last twelve months was 28.12 with Quick ratio for the last quarter at 0.70.
Trading performance analysis for APPS stock
Digital Turbine Inc. [APPS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.12. With this latest performance, APPS shares gained by 52.84% in over the last four-week period, additionally plugging by 4.23% over the last 6 months – not to mention a rise of 85.78% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APPS stock in for the last two-week period is set at 61.44, with the RSI for the last a single of trading hit 57.76, and the three-weeks RSI is set at 61.59 for Digital Turbine Inc. [APPS]. The present Moving Average for the last 50 days of trading for this stock 5.96, while it was recorded at 9.62 for the last single week of trading, and 6.62 for the last 200 days.
Digital Turbine Inc. [APPS]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Digital Turbine Inc. [APPS] shares currently have an operating margin of +9.52 and a Gross Margin at +38.05. Digital Turbine Inc.’s Net Margin is presently recorded at +10.29.
Return on Equity for this stock inclined to 25.09, with Return on Assets sitting at 10.70.
Digital Turbine Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.
Digital Turbine Inc. [APPS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Digital Turbine Inc. posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 66.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APPS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Digital Turbine Inc. go to 25.00%.
An analysis of insider ownership at Digital Turbine Inc. [APPS]
There are presently around $446 million, or 62.90% of APPS stock, in the hands of institutional investors. The top three institutional holders of APPS stocks are: BLACKROCK INC. with ownership of 5,338,149, which is approximately -0.815% of the company’s market cap and around 2.60% of the total institutional ownership; VANGUARD GROUP INC, holding 4,242,408 shares of the stock with an approximate value of $40.3 million in APPS stocks shares; and GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P., currently with $24.77 million in APPS stock with ownership of nearly 7.937% of the company’s market capitalization.
Positions in Digital Turbine Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 92 institutional holders increased their position in Digital Turbine Inc. [NASDAQ:APPS] by around 14,094,156 shares. Additionally, 70 investors decreased positions by around 9,374,895 shares, while 16 investors held positions by with 23,470,925 shares. The mentioned changes placed institutional holdings at 46,939,976 shares, according to the latest SEC report filing. APPS stock had 30 new institutional investments in for a total of 4,407,677 shares, while 27 institutional investors sold positions of 3,926,057 shares during the same period.