Look For Institutional Buying In Digital Turbine Inc (NASDAQ: APPS)

Digital Turbine Inc (APPS) concluded trading on Thursday at a closing price of $1.97, with 2.92 million shares of worth about $5.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.57% during that period and on January 16, 2025 the price saw a gain of about 2.07%. Currently the company’s common shares owned by public are about 103.52M shares, out of which, 90.16M shares are available for trading.

Stock saw a price change of 6.49% in past 5 days and over the past one month there was a price change of 37.76%. Year-to-date (YTD), APPS shares are showing a performance of 16.57% which decreased to -63.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.18 but also hit the highest price of $6.03 during that period. The average intraday trading volume for Digital Turbine Inc shares is 3.77 million. The stock is currently trading 8.75% above its 20-day simple moving average (SMA20), while that difference is up 16.26% for SMA50 and it goes to -13.10% lower than SMA200.

Digital Turbine Inc (NASDAQ: APPS) currently have 103.52M outstanding shares and institutions hold larger chunk of about 52.72% of that.

The stock has a current market capitalization of $204.34M and its 3Y-monthly beta is at 2.34. It has posted earnings per share of -$2.95 in the same period. It has Quick Ratio of 1.09 while making debt-to-equity ratio of 2.28. 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 8.51% while standing at 11.37% over the month.

Stock’s fiscal year EPS is expected to drop by -75.35% while it is estimated to increase by 83.01% in next year. EPS is likely to grow at an annualized rate of 8.44% 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 BofA Securities on November 15, 2024 offering an Underperform rating for the stock and assigned a target price of $1 to it. Coverage by Craig Hallum stated Digital Turbine Inc (APPS) stock as a Buy in their note to investors on May 29, 2024, suggesting a price target of $5 for the stock. On February 08, 2024, Craig Hallum Reiterated their recommendations, while on September 14, 2023, BofA Securities Downgrade their ratings for the stock with a price target of $8. Stock get a Neutral rating from ROTH MKM on May 25, 2023.

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