Currently, there are 104.83M common shares owned by the public and among those 90.75M shares have been available to trade.
The company’s stock has a 5-day price change of -4.28% and 245.64% over the past three months. APPS shares are trading 204.73% year to date (YTD), with the 12-month market performance up to 43.85% higher. It has a 12-month low price of $1.18 and touched a high of $6.86 over the same period. APPS has an average intraday trading volume of 6.23 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 39.68%, 105.85%, and 111.38% respectively.
Institutional ownership of Digital Turbine Inc (NASDAQ: APPS) shares accounts for 45.76% of the company’s 104.83M shares outstanding.
It has a market capitalization of $540.78M and a beta (3y monthly) value of 2.49. The earnings-per-share (ttm) stands at -$3.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.70% over the week and 14.06% over the month.
Analysts forecast that Digital Turbine Inc (APPS) will achieve an EPS of 0.04 for the current quarter, 0.07 for the next quarter and 0.39 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.03 while analysts give the company a high EPS estimate of 0.03. Comparatively, EPS for the current quarter was 0.12 a year ago. Earnings per share for the fiscal year are expected to decrease by -50.00%, and 34.48% over the next financial year.
Looking at the support for the APPS, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on November 15, 2024, with the firm’s price target at $1. Craig Hallum coverage for the Digital Turbine Inc (APPS) stock in a research note released on May 29, 2024 offered a Buy rating with a price target of $5. Craig Hallum was of a view on February 08, 2024 that the stock is Buy, while BofA Securities gave the stock Neutral rating on September 14, 2023, issuing a price target of $12- $8. ROTH MKM on their part issued Neutral rating on May 25, 2023.
