Digital Turbine Inc [NASDAQ: APPS] price plunged by -0.31 percent to reach at -$0.01.
The one-year APPS stock forecast points to a potential upside of 15.4. The average equity rating for APPS stock is currently 2.33, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $3.83 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 2.33. 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.
Craig Hallum have made an estimate for Digital Turbine Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 29, 2024. While these analysts kept the previous recommendation, Craig Hallum dropped their target price from $12 to $10. The new note on the price target was released on February 08, 2024, representing the official price target for Digital Turbine Inc stock. Previously, the target price had yet another drop from $12 to $8, while BofA Securities kept a Neutral rating on APPS stock. On May 25, 2023, analysts decreased their price target for APPS shares from 15 to 10.
The Average True Range (ATR) for Digital Turbine Inc is set at 0.25, with the Price to Sales ratio for APPS stock in the period of the last 12 months amounting to 0.65. The Price to Book ratio for the last quarter was 1.70, 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 108.47 with Quick ratio for the last quarter at 1.05.
APPS Stock Performance Analysis:
Digital Turbine Inc [APPS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.22. With this latest performance, APPS shares gained by 6.93% in over the last four-week period, additionally plugging by 52.11% over the last 6 months – not to mention a drop of -35.33% 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 51.15, with the RSI for the last a single of trading hit 49.96, and the three-weeks RSI is set at 51.85 for Digital Turbine Inc [APPS]. The present Moving Average for the last 50 days of trading for this stock 3.07, while it was recorded at 3.19 for the last single week of trading, and 2.75 for the last 200 days.
Insight into Digital Turbine Inc Fundamentals:
Digital Turbine Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.05 and a Current Ratio set at 1.05.
APPS Stock EPS
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 15.73%.
Digital Turbine Inc [APPS] Institutonal Ownership Details
There are presently around $58.05%, or 61.21%% of APPS stock, in the hands of institutional investors. The top three institutional holders of APPS stocks are: VANGUARD GROUP INC with ownership of 8.34 million shares, which is approximately 8.2643%. BLACKROCK INC., holding 6.73 million shares of the stock with an approximate value of $$11.18 million in APPS stocks shares; and BLACKROCK INC., currently with $$7.79 million in APPS stock with ownership which is approximately 4.6499%.
