Digital Turbine Inc (NASDAQ: APPS): Hunting Genuine Value In Market Debris

Currently, there are 102.12M common shares owned by the public and among those 91.74M shares have been available to trade.

The company’s stock has a 5-day price change of 38.76% and 32.09% over the past three months. APPS shares are trading -63.99% year to date (YTD), with the 12-month market performance down to -77.09% lower. It has a 12-month low price of $1.39 and touched a high of $11.24 over the same period. APPS has an average intraday trading volume of 2.00 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 49.97%, 31.41%, and -35.73% respectively.

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Institutional ownership of Digital Turbine Inc (NASDAQ: APPS) shares accounts for 59.75% of the company’s 102.12M shares outstanding.

It has a market capitalization of $253.20M and a beta (3y monthly) value of 2.52. The earnings-per-share (ttm) stands at -$4.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.51% over the week and 7.84% over the month.

Earnings per share for the fiscal year are expected to decrease by -39.12%, and 35.81% over the next financial year. EPS should grow at an annualized rate of 3.40% over the next five years, compared to -121.76% over the past 5-year period.

Looking at the support for the APPS, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on May 29, 2024, with the firm’s price target at $10-$5. Craig Hallum coverage for the Digital Turbine Inc (APPS) stock in a research note released on February 08, 2024 offered a Buy rating with a price target of $10. BofA Securities was of a view on September 14, 2023 that the stock is Neutral, while ROTH MKM gave the stock Neutral rating on May 25, 2023, issuing a price target of $15- $10. Macquarie on their part issued Neutral rating on February 17, 2023.

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