At the time of writing, Digital Turbine Inc [APPS] stock is trading at $1.47, up 2.80%. 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 5.00% over the last week, with a monthly amount drifted -51.96%, 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 November 15, 2024, when BofA Securities downgraded its rating to a Underperform but kept the price target unchanged to $1 for it. Previously, Craig Hallum reaffirmed its Buy rating on May 29, 2024, and dropped its price target to $5. On February 08, 2024, Craig Hallum reiterated its Buy rating and revised its price target to $10 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $8 on September 14, 2023. ROTH MKM downgraded its rating to a Neutral and reduced its price target to $10 on May 25, 2023. Macquarie downgraded its rating to Neutral for this stock on February 17, 2023, but kept the price target unchanged to $12. In a note dated February 09, 2023, Oppenheimer downgraded an Perform rating on this stock.
For the past year, the stock price of Digital Turbine Inc fluctuated between $1.18 and $7.32. Currently, Wall Street analysts expect the stock to reach $40 within the next 12 months. Digital Turbine Inc [NASDAQ: APPS] shares were valued at $1.47 at the most recent close of the market. An investor can expect a potential return of 2621.09% based on the average APPS price forecast.
Analyzing the APPS fundamentals
According to Digital Turbine Inc [NASDAQ:APPS], the company’s sales were 491.57M for trailing twelve months, which represents an -17.12% plunge. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.57%, and Net Profit Margin reading is -0.61%. To continue investigating profitability, this company’s Return on Assets is posted at -0.36, Equity is -1.16 and Total Capital is -0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.24.
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 1.4000 points at the first support level, and at 1.3300 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5300, and for the 2nd resistance point, it is at 1.5900.
Ratios To Look Out For
It is important to note that Digital Turbine Inc [NASDAQ:APPS] has a current ratio of 1.09. Also, the Quick Ratio is 1.09, while the Cash Ratio stands at 0.15. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 0.83.
Transactions by insiders
Recent insider trading involved Karish Jeff, Director, that happened on Nov 20 ’24 when 5000.0 shares were purchased. Director, DEUTSCHMAN ROBERT M completed a deal on Nov 19 ’24 to buy 20000.0 shares. Meanwhile, Chief Executive Officer STONE WILLIAM GORDON III bought 100000.0 shares on Nov 19 ’24.
