Digital Turbine Inc [APPS] stock is trading at $1.52, up 3.40%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The APPS shares have gain 0.66% over the last week, with a monthly amount drifted -41.31%, 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 May 29, 2024, when Craig Hallum reiterated its Buy rating and also revised its price target to $5 from $10. Previously, Craig Hallum reaffirmed its Buy rating on February 08, 2024, and dropped its price target to $10. On September 14, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $8 on the stock. ROTH MKM downgraded its rating to a Neutral and decreased its price target to $10 on May 25, 2023. Macquarie downgraded its rating to a Neutral but $12 remained the price target by the analyst firm on February 17, 2023. Oppenheimer downgraded its rating to Perform for this stock on February 09, 2023. In a note dated February 01, 2023, B. Riley Securities downgraded an Neutral rating on this stock and revised its target price from $20 to $16.
Digital Turbine Inc [APPS] stock has fluctuated between $1.45 and $11.46 over the past year. Currently, Wall Street analysts expect the stock to reach $40 within the next 12 months. Digital Turbine Inc [NASDAQ: APPS] shares were valued at $1.52 at the most recent close of the market. An investor can expect a potential return of 2531.58% based on the average APPS price forecast.
Analyzing the APPS fundamentals
Digital Turbine Inc [NASDAQ:APPS] reported sales of 544.48M for the trailing twelve months, which represents a drop of -19.91%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at -0.34%, Pretax Profit Margin comes in at -0.74%, and Net Profit Margin reading is -0.77%. To continue investigating profitability, this company’s Return on Assets is posted at -0.49, Equity is -0.99 and Total Capital is -0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.79.
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 1.4767 points at the first support level, and at 1.4333 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5517, and for the 2nd resistance point, it is at 1.5833.
Ratios To Look Out For
For context, Digital Turbine Inc’s Current Ratio is 1.03. Also, the Quick Ratio is 1.03, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 0.73.
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.
