Digital Turbine Inc [NASDAQ: APPS] stock went on an upward path that rose over 9011949% on Monday, amounting to a one-week price increase of more than 9.62%.
Over the last 12 months, APPS stock rose by 203.55%. The one-year Digital Turbine Inc stock forecast points to a potential downside of -90086856.52. The average equity rating for APPS stock is currently 2.67, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $548.82 million, with 105.98 million shares outstanding and 92.58 million shares in the current float. Compared to the average trading volume of 5.18M shares, APPS stock reached a trading volume of 9011949 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $5.75 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 Price to Book ratio for the last quarter was 3.53, with the Price to Cash per share for the same quarter was set at 0.37.
APPS Stock Performance Analysis:
Digital Turbine Inc [APPS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.62. With this latest performance, APPS shares gained by 23.61% in over the last four-week period, additionally plugging by 251.37% over the last 6 months – not to mention a rise of 203.55% in the past year of trading.
Insight into Digital Turbine Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Digital Turbine Inc [APPS] shares currently have an operating margin of -9.77% and a Gross Margin at 28.13%. Digital Turbine Inc’s Net Margin is presently recorded at -18.78%.
Return on Equity for this stock declined to -10.97%, with Return on Assets sitting at -10.97%.
Digital Turbine Inc [APPS] Institutonal Ownership Details
There are presently around $60.99%, or 64.66%% 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 8.1496%. 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 4.5854%.
