Digital Turbine Inc. [APPS] fell -72.13% so far this year. What now?

Digital Turbine Inc. [NASDAQ: APPS] plunged by -$0.61 during the normal trading session on Tuesday and reaching a high of $18.05 during the day while it closed the day at $17.00. The company report on June 24, 2022 that Portland General Electric Set to Join S&P MidCap 400; Digital Turbine to Join S&P SmallCap 600.


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Portland General Electric Co. (NYSE: POR) will replace Digital Turbine Inc. (NASD: APPS) in the S&P MidCap 400, and Digital Turbine will replace Tivity Health Inc. (NASD: TVTY) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, June 29. Stone Point Capital LLC is acquiring Tivity Health in a deal expected to be completed on June 28. Digital Turbine is more representative of the small-cap market space.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:.

Digital Turbine Inc. stock has also gained 10.32% of its value over the past 7 days. However, APPS stock has declined by -60.50% in the 3 months of the year. Over the past six months meanwhile, it has lost -73.20% and lost -72.13% year-on date.

The market cap for APPS stock reached $1.60 billion, with 96.93 million shares outstanding and 95.24 million shares in the current float. Compared to the average trading volume of 3.37M shares, APPS reached a trading volume of 21115133 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 $47.50 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 1.70. 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 1.63, with the Price to Sales ratio for APPS stock in the period of the last 12 months amounting to 2.14. The Price to Book ratio for the last quarter was 3.20, with the Price to Cash per share for the same quarter was set at 1.35. Price to Free Cash Flow for APPS in the course of the last twelve months was 26.06 with Quick ratio for the last quarter at 1.10.

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 10.32. With this latest performance, APPS shares dropped by -32.11% in over the last four-week period, additionally sinking by -73.20% over the last 6 months – not to mention a drop of -78.80% 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 39.20, with the RSI for the last a single of trading hit 42.66, and the three-weeks RSI is set at 38.31 for Digital Turbine Inc. [APPS]. The present Moving Average for the last 50 days of trading for this stock 24.78, while it was recorded at 16.86 for the last single week of trading, and 48.71 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 +12.34 and a Gross Margin at +39.34. Digital Turbine Inc.’s Net Margin is presently recorded at +4.75.

Return on Equity for this stock inclined to 10.78, with Return on Assets sitting at 4.14.

Digital Turbine Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Earnings per share (EPS) analysis for Digital Turbine Inc. [APPS] stock

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 27.00%.

Digital Turbine Inc. [APPS]: Insider Ownership positions

There are presently around $1,096 million, or 75.80% 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 2.20% of the total institutional ownership; VANGUARD GROUP INC, holding 8,682,709 shares of the stock with an approximate value of $152.9 million in APPS stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $95.08 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 5,900,532 shares. Additionally, 179 investors decreased positions by around 5,895,711 shares, while 49 investors held positions by with 50,414,010 shares. The mentioned changes placed institutional holdings at 62,210,253 shares, according to the latest SEC report filing. APPS stock had 48 new institutional investments in for a total of 2,061,458 shares, while 63 institutional investors sold positions of 1,036,676 shares during the same period.

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