Digital Turbine Inc. [APPS] is -67.73% lower this YTD. Is it still time to buy?

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Digital Turbine Inc. [NASDAQ: APPS] loss -22.61% on the last trading session, reaching $19.68 price per share at the time. The company report on May 31, 2022 that Digital Turbine Reports Fourth Quarter and Fiscal Year 2022 Financial Results.


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Fiscal 2022 Revenue of $747.6 Million Increased 138% on an As-Reported Basis; Fourth Quarter Revenue Totaled $184.1 Million.

Fiscal 2022 GAAP Net Income of $35.6 Million and GAAP EPS of $0.35.

Digital Turbine Inc. represents 96.55 million in outstanding shares, while the company has a total market value of $1.79 billion with the latest information. APPS stock price has been found in the range of $19.21 to $22.50.

If compared to the average trading volume of 2.78M shares, APPS reached a trading volume of 26273971 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 $79.33 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 1.70. 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.

Macquarie have made an estimate for Digital Turbine Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 07, 2021. While these analysts kept the previous recommendation, Canaccord Genuity raised their target price from $80 to $95. 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 to $60, while Macquarie analysts kept a Neutral rating on APPS stock. On February 26, 2021, analysts increased their price target for APPS shares from 80 to 90.

The Average True Range (ATR) for Digital Turbine Inc. is set at 2.86, with the Price to Sales ratio for APPS stock in the period of the last 12 months amounting to 1.80. The Price to Book ratio for the last quarter was 3.93, with the Price to Cash per share for the same quarter was set at 1.26. Price to Free Cash Flow for APPS in the course of the last twelve months was 45.72 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 -11.15. With this latest performance, APPS shares dropped by -40.00% in over the last four-week period, additionally sinking by -62.91% over the last 6 months – not to mention a drop of -69.74% 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 33.72, with the RSI for the last a single of trading hit 31.38, and the three-weeks RSI is set at 35.43 for Digital Turbine Inc. [APPS]. The present Moving Average for the last 50 days of trading for this stock 33.59, while it was recorded at 24.09 for the last single week of trading, and 52.16 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 +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 0.70 and a Current Ratio set at 0.70.

Digital Turbine Inc. [APPS]: An earnings per share (EPS) analysis

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 39.50%.

An analysis of insider ownership at Digital Turbine Inc. [APPS]

There are presently around $1,582 million, or 76.80% of APPS stock, in the hands of institutional investors. The top three institutional holders of APPS stocks are: BLACKROCK INC. with ownership of 10,426,749, which is approximately 4.545% of the company’s market cap and around 1.80% of the total institutional ownership; VANGUARD GROUP INC, holding 8,682,709 shares of the stock with an approximate value of $220.8 million in APPS stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $137.3 million in APPS stock with ownership of nearly -10.214% of the company’s market capitalization.

Positions in Digital Turbine Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 161 institutional holders increased their position in Digital Turbine Inc. [NASDAQ:APPS] by around 5,913,106 shares. Additionally, 178 investors decreased positions by around 5,889,764 shares, while 49 investors held positions by with 50,413,310 shares. The mentioned changes placed institutional holdings at 62,216,180 shares, according to the latest SEC report filing. APPS stock had 47 new institutional investments in for a total of 2,061,438 shares, while 63 institutional investors sold positions of 1,036,676 shares during the same period.

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