Digital Turbine Inc [NASDAQ: APPS] plunged by -$0.09 during the normal trading session on while it closed the day at $1.78.
Digital Turbine Inc stock has also gained 20.55% of its value over the past 7 days. However, APPS stock has declined by -34.33% in the 3 months of the year. Over the past six months meanwhile, it has gained 23.94% and lost -74.34% year-on date.
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The market cap for APPS stock reached $175.74 million, with 103.52 million shares outstanding and 91.82 million shares in the current float. Compared to the average trading volume of 3.60M shares, APPS reached a trading volume of 2145231 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 $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 0.17, with the Price to Sales ratio for APPS stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 1.01, with the Price to Cash per share for the same quarter was set at 0.33.
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 20.55. With this latest performance, APPS shares gained by 15.79% in over the last four-week period, additionally plugging by 23.94% over the last 6 months – not to mention a drop of -74.23% 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 53.49, with the RSI for the last a single of trading hit 63.89, and the three-weeks RSI is set at 48.80 for Digital Turbine Inc [APPS]. The present Moving Average for the last 50 days of trading for this stock 2.0965, while it was recorded at 1.7240 for the last single week of trading, and 2.3276 for the last 200 days.
Digital Turbine Inc [APPS]: An insightful look at the core 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 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 8.44%.
Digital Turbine Inc [APPS]: Institutional Ownership
There are presently around $59.59%, or 62.94%% 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%.
