Digital Turbine Inc [APPS] stock prices are up 1.39% to $2.91 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The APPS shares have gain 5.43% over the last week, with a monthly amount drifted -30.38%, 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.
The stock price of Digital Turbine Inc [APPS] has been fluctuating between $1.39 and $7.32 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 $2.91 at the most recent close of the market. An investor can expect a potential return of 1274.57% based on the average APPS price forecast.
Analyzing the APPS fundamentals
The Digital Turbine Inc [NASDAQ:APPS] reported sales of 516.11M for trailing twelve months, representing a drop of -19.39%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at -0.38%, Pretax Profit Margin comes in at -0.81%, and Net Profit Margin reading is -0.85%. To continue investigating profitability, this company’s Return on Assets is posted at -0.51, Equity is -1.34 and Total Capital is -0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.01.
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 2.76 points at the first support level, and at 2.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.08, and for the 2nd resistance point, it is at 3.24.
Ratios To Look Out For
It’s worth pointing out that Digital Turbine Inc [NASDAQ:APPS]’s Current Ratio is 1.05. On the other hand, the Quick Ratio is 1.05, and the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.58, the price to book ratio is 1.52.
