Digital Turbine Inc [NASDAQ: APPS] slipped around -0.04 points on Thursday, while shares priced at $1.21 at the close of the session, down -3.20%.
Compared to the average trading volume of 3.55M shares, APPS reached a trading volume of 4289621 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $2.33 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 2.67. 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.
BofA Securities have made an estimate for Digital Turbine Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 15, 2024. While these analysts kept the previous recommendation, Craig Hallum raised their target price from $10 to $5. The new note on the price target was released on May 29, 2024, representing the official price target for Digital Turbine Inc stock. Previously, the target price had yet another drop from $12 to $10, while Craig Hallum kept a Buy rating on APPS stock. On September 14, 2023, analysts decreased their price target for APPS shares from 12 to 8.
The Average True Range (ATR) for Digital Turbine Inc is set at 0.26, with the Price to Sales ratio for APPS stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 0.32.
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 -11.03. With this latest performance, APPS shares dropped by -61.83% in over the last four-week period, additionally sinking by -48.29% over the last 6 months – not to mention a drop of -77.21% 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 24.97, with the RSI for the last a single of trading hit 19.31, and the three-weeks RSI is set at 29.88 for Digital Turbine Inc [APPS]. The present Moving Average for the last 50 days of trading for this stock 2.7777, while it was recorded at 1.3320 for the last single week of trading, and 2.5649 for the last 200 days.
Digital Turbine Inc [APPS]: Deeper insight into the fundamentals
Digital Turbine Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 1.09.
Earnings analysis for Digital Turbine Inc [APPS]
With the latest financial reports released by the company, Digital Turbine Inc posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. 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 25.00%.
Insider trade positions for Digital Turbine Inc [APPS]
There are presently around $59.64%, or 62.92%% 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%.
