Digital Turbine Inc. [NASDAQ: APPS] closed the trading session at $64.37 on 01/20/21. The day’s price range saw the stock hit a low of $57.77, while the highest price level was $65.12. The company report on December 16, 2020 that Digital Turbine Earns Company Culture Award.
Recognized in Categories Including Culture, Technology and Innovation by Austin Chamber of Commerce.
The Austin Chamber of Commerce announced Digital Turbine as a Company Culture award winner in the mid-size company category and a Technology & Innovation honoree during the 2020 Greater Austin Business Awards. Digital Turbine is headquartered in Austin, Texas and is a fast-growing mobile technology platform company that has more than 250 employees.
The stocks have a year to date performance of 13.81 percent and weekly performance of 17.36 percent. The stock has been moved at 401.32 percent over the last six months. The stock has performed 20.39 percent around the most recent 30 days and changed 76.70 percent over the most recent 3-months.
If compared to the average trading volume of 3.80M shares, APPS reached to a volume of 4950298 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $47.58 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 2.00. 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.
Canaccord Genuity have made an estimate for Digital Turbine Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 21, 2020. While these analysts kept the previous recommendation, Craig Hallum raised their target price from $24 to $38. The new note on the price target was released on October 30, 2020, representing the official price target for Digital Turbine Inc. stock. Previously, the target price had yet another raise from $21 to $31.50, while Ladenburg Thalmann kept a Neutral rating on APPS stock.
The Average True Range (ATR) for Digital Turbine Inc. is set at 4.25, with the Price to Sales ratio for APPS stock in the period of the last 12 months amounting to 29.79. The Price to Book ratio for the last quarter was 59.60, with the Price to Cash per share for the same quarter was set at 0.35. Price to Free Cash Flow for APPS in the course of the last twelve months was 144.57 with Quick ratio for the last quarter at 0.90.
APPS stock trade performance evaluation
Digital Turbine Inc. [APPS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.36. With this latest performance, APPS shares gained by 20.39% in over the last four-week period, additionally plugging by 401.32% over the last 6 months – not to mention a rise of 749.21% 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 66.48, with the RSI for the last a single of trading hit 69.44, and the three-weeks RSI is set at 64.91 for Digital Turbine Inc. [APPS]. The present Moving Average for the last 50 days of trading for this stock 47.33, while it was recorded at 59.20 for the last single week of trading, and 25.45 for the last 200 days.
Digital Turbine Inc. [APPS]: An insightful look at the core fundamentals
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 Total Capital for APPS is now 19.59, given the latest momentum, and Return on Invested Capital for the company is 21.58. Return on Equity for this stock inclined to 25.09, with Return on Assets sitting at 10.70. When it comes to the capital structure of this company, Digital Turbine Inc. [APPS] has a Total Debt to Total Equity ratio set at 27.22. Additionally, APPS Total Debt to Total Capital is recorded at 21.40, with Total Debt to Total Assets ending up at 11.46. Long-Term Debt to Equity for the company is recorded at 23.92, with the Long-Term Debt to Total Capital now at 18.78.
Reflecting on the efficiency of the workforce at the company, Digital Turbine Inc. [APPS] managed to generate an average of $68,986 per employee. Receivables Turnover for the company is 4.97 with a Total Asset Turnover recorded at a value of 1.04.Digital Turbine Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
Earnings per share (EPS) analysis for Digital Turbine Inc. [APPS] stock
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 0.05/share. 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 50.00%.
Digital Turbine Inc. [APPS]: Insider Ownership positions
There are presently around $3,124 million, or 67.60% of APPS stock, in the hands of institutional investors. The top three institutional holders of APPS stocks are: FMR LLC with ownership of 10,437,652, which is approximately 110.163% of the company’s market cap and around 2.80% of the total institutional ownership; BLACKROCK INC., holding 5,642,075 shares of the stock with an approximate value of $363.18 million in APPS stocks shares; and VANGUARD GROUP INC, currently with $283.82 million in APPS stock with ownership of nearly -4.339% of the company’s market capitalization.
Positions in Digital Turbine Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 106 institutional holders increased their position in Digital Turbine Inc. [NASDAQ:APPS] by around 16,155,469 shares. Additionally, 114 investors decreased positions by around 15,654,766 shares, while 13 investors held positions by with 21,979,955 shares. The mentioned changes placed institutional holdings at 53,790,190 shares, according to the latest SEC report filing. APPS stock had 69 new institutional investments in for a total of 6,466,061 shares, while 30 institutional investors sold positions of 6,669,600 shares during the same period.