A share price of Digital Turbine Inc [APPS] is currently trading at $1.94, up 1.57%. An important factor to consider is whether the stock is rising or falling in short-term value. The APPS shares have gain 1.04% over the last week, with a monthly amount drifted -17.80%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Digital Turbine Inc [NASDAQ: APPS] stock has seen the most recent analyst activity on February 08, 2024, when Craig Hallum reiterated its Buy rating and also revised its price target to $10 from $12. Previously, BofA Securities downgraded its rating to Neutral on September 14, 2023, and dropped its price target to $8. On May 25, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $10 on the stock. Macquarie downgraded its rating to a Neutral but stick to its price target of $12 on February 17, 2023. Oppenheimer downgraded its rating to a Perform. B. Riley Securities downgraded its rating to Neutral for this stock on February 01, 2023, and downed its price target to $16. In a note dated October 17, 2022, BofA Securities initiated an Buy rating and provided a target price of $24 on this stock.
Digital Turbine Inc experienced fluctuations in its stock price throughout the past year between $1.78 and $14.61. Currently, Wall Street analysts expect the stock to reach $40 within the next 12 months. Digital Turbine Inc [NASDAQ: APPS] shares were valued at $1.94 at the most recent close of the market. An investor can expect a potential return of 1961.86% based on the average APPS price forecast.
Analyzing the APPS fundamentals
Trailing Twelve Months sales for Digital Turbine Inc [NASDAQ:APPS] were 572.38M which represents -12.12% decline. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.31%, Pretax Profit Margin comes in at -0.36%, and Net Profit Margin reading is -0.35%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.38 and Total Capital is -0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.8833 points at the first support level, and at 1.8267 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0033, and for the 2nd resistance point, it is at 2.0667.
Digital Turbine Inc [APPS] reported earnings per share of $0.15 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of -$0.02 and a surprise factor of -11.80%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.13 per share as compared to estimates of $0.14 per share, a difference of -$0.01 representing a surprise of -7.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Digital Turbine Inc [NASDAQ:APPS] is 1.07. On the other hand, the Quick Ratio is 1.07, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.35, the price to book ratio is 0.44.
Transactions by insiders
Recent insider trading involved DEUTSCHMAN ROBERT M, Director, that happened on Sep 15 ’23 when 20000.0 shares were purchased. Director, GYANI MOHAN S completed a deal on Sep 15 ’23 to buy 20000.0 shares. Meanwhile, Director Karish Jeff bought 5000.0 shares on Sep 15 ’23.
