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

Digital Turbine Inc (APPS) concluded trading on Wednesday at a closing price of $3.28, with 3.58 million shares of worth about $11.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.66% during that period and on March 26, 2025 the price saw a loss of about -6.96%. Currently the company’s common shares owned by public are about 104.83M shares, out of which, 90.88M shares are available for trading.

Stock saw a price change of -5.48% in past 5 days and over the past one month there was a price change of -9.28%. Year-to-date (YTD), APPS shares are showing a performance of 93.79% which increased to 27.93% 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 $6.86 during that period. The average intraday trading volume for Digital Turbine Inc shares is 6.98 million. The stock is currently trading -1.38% below its 20-day simple moving average (SMA20), while that difference is down -5.31% for SMA50 and it goes to 25.06% higher than SMA200.

Digital Turbine Inc (NASDAQ: APPS) currently have 104.83M outstanding shares and institutions hold larger chunk of about 45.94% of that.

The stock has a current market capitalization of $343.89M and its 3Y-monthly beta is at 2.42. It has posted earnings per share of -$3.03 in the same period. It has Quick Ratio of 1.05 while making debt-to-equity ratio of 2.54. 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 9.61% while standing at 11.10% over the month.

Stock’s fiscal year EPS is expected to drop by -50.00% while it is estimated to increase by 34.48% in next year.

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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