Digital Turbine Inc (APPS) concluded trading on Thursday at a closing price of $2.00, with 3.31 million shares of worth about $6.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -66.83% during that period and on July 11, 2024 the price saw a gain of about 19.76%. Currently the company’s common shares owned by public are about 102.12M shares, out of which, 91.73M shares are available for trading.
Stock saw a price change of 19.76% in past 5 days and over the past one month there was a price change of 32.45%. Year-to-date (YTD), APPS shares are showing a performance of -70.85% which decreased to -80.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.39 but also hit the highest price of $11.46 during that period. The average intraday trading volume for Digital Turbine Inc shares is 1.95 million. The stock is currently trading 27.11% above its 20-day simple moving average (SMA20), while that difference is up 6.85% for SMA50 and it goes to -48.77% lower than SMA200.
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Digital Turbine Inc (NASDAQ: APPS) currently have 102.12M outstanding shares and institutions hold larger chunk of about 59.76% of that.
The stock has a current market capitalization of $205.02M and its 3Y-monthly beta is at 2.49. It has posted earnings per share of -$4.14 in the same period. It has Quick Ratio of 1.03 while making debt-to-equity ratio of 1.82. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APPS, volatility over the week remained 10.23% while standing at 7.72% over the month.
Stock’s fiscal year EPS is expected to drop by -39.12% while it is estimated to increase by 35.81% in next year. EPS is likely to grow at an annualized rate of 3.40% for next 5-years, compared to annual growth of -121.76% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on May 29, 2024 offering a Buy rating for the stock and assigned a target price range of between $10 and $5 to it. Coverage by Craig Hallum stated Digital Turbine Inc (APPS) stock as a Buy in their note to investors on February 08, 2024, suggesting a price target of $10 for the stock. On September 14, 2023, BofA Securities Downgrade their recommendations, while on May 25, 2023, ROTH MKM Downgrade their ratings for the stock with a price target of $10. Stock get a Neutral rating from Macquarie on February 17, 2023.
