Digital Turbine Inc. [NASDAQ: APPS] traded at a high on 10/01/21, posting a 3.33 gain after which it closed the day’ session at $71.04. The company report on September 9, 2021 that Digital Turbine to Participate in the Jefferies Virtual Software Conference on September 15th, 2021.
Digital Turbine, Inc. (Nasdaq: APPS) announced that CEO Bill Stone will be presenting at the 2021 Jefferies Virtual Software Conference on Wednesday, September 15th, 2021. The presentation is scheduled to begin at 2:00pm PT/5:00pm ET. A live webcast will be available on the investor relations sections of Digital Turbine’s website (http://ir.digitalturbine.com/events). Additionally, Mr. Stone and CFO Barrett Garrison will host one-on-one and small group investor meetings throughout the conference.
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About Digital Turbine, Inc.
The results of the trading session contributed to over 2103533 shares changing hands. Over the past one week, the price volatility of Digital Turbine Inc. stands at 5.66% while the volatility over the past one month is 5.76%.
The market cap for APPS stock reached $6.82 billion, with 91.58 million shares outstanding and 89.98 million shares in the current float. Compared to the average trading volume of 3.91M shares, APPS reached a trading volume of 2103533 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $102.50 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 1.80. 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 Buy, with their previous recommendation back on August 31, 2021. While these analysts kept the previous recommendation, Macquarie raised their target price to Neutral. The new note on the price target was released on August 31, 2021, representing the official price target for Digital Turbine Inc. stock. Previously, the target price had yet another raise from $80 to $90, while Craig Hallum kept a Buy rating on APPS stock. On February 04, 2021, analysts increased their price target for APPS shares from 75 to 85.
The Average True Range (ATR) for Digital Turbine Inc. is set at 3.88, with the Price to Sales ratio for APPS stock in the period of the last 12 months amounting to 14.59. The Price to Book ratio for the last quarter was 12.94, with the Price to Cash per share for the same quarter was set at 0.87. Price to Free Cash Flow for APPS in the course of the last twelve months was 420.85 with Quick ratio for the last quarter at 0.50.
How has APPS stock performed recently?
Digital Turbine Inc. [APPS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.82. With this latest performance, APPS shares gained by 18.82% in over the last four-week period, additionally sinking by -13.18% over the last 6 months – not to mention a rise of 101.82% 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 59.42, with the RSI for the last a single of trading hit 59.53, and the three-weeks RSI is set at 57.98 for Digital Turbine Inc. [APPS]. The present Moving Average for the last 50 days of trading for this stock 61.44, while it was recorded at 70.84 for the last single week of trading, and 68.04 for the last 200 days.
Digital Turbine Inc. [APPS]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Digital Turbine Inc. [APPS] shares currently have an operating margin of +18.88 and a Gross Margin at +40.76. Digital Turbine Inc.’s Net Margin is presently recorded at +17.50.
Return on Total Capital for APPS is now 45.60, given the latest momentum, and Return on Invested Capital for the company is 45.53. Return on Equity for this stock inclined to 49.32, with Return on Assets sitting at 24.70. When it comes to the capital structure of this company, Digital Turbine Inc. [APPS] has a Total Debt to Total Equity ratio set at 11.06. Additionally, APPS Total Debt to Total Capital is recorded at 9.96, with Total Debt to Total Assets ending up at 6.16.
Reflecting on the efficiency of the workforce at the company, Digital Turbine Inc. [APPS] managed to generate an average of $196,014 per employee. Receivables Turnover for the company is 6.59 with a Total Asset Turnover recorded at a value of 1.41.Digital Turbine Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.
Earnings analysis for Digital Turbine Inc. [APPS]
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%.
Insider trade positions for Digital Turbine Inc. [APPS]
There are presently around $3,633 million, or 54.50% of APPS stock, in the hands of institutional investors. The top three institutional holders of APPS stocks are: VANGUARD GROUP INC with ownership of 7,999,289, which is approximately 1.355% of the company’s market cap and around 2.30% of the total institutional ownership; BLACKROCK INC., holding 5,633,000 shares of the stock with an approximate value of $400.17 million in APPS stocks shares; and FMR LLC, currently with $395.55 million in APPS stock with ownership of nearly -39.224% of the company’s market capitalization.
Positions in Digital Turbine Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 186 institutional holders increased their position in Digital Turbine Inc. [NASDAQ:APPS] by around 6,288,238 shares. Additionally, 157 investors decreased positions by around 9,191,558 shares, while 33 investors held positions by with 35,656,029 shares. The mentioned changes placed institutional holdings at 51,135,825 shares, according to the latest SEC report filing. APPS stock had 70 new institutional investments in for a total of 1,612,677 shares, while 59 institutional investors sold positions of 983,226 shares during the same period.