Digital Turbine Inc (NASDAQ:APPS) shares, rose in value, with the stock price down by -0.67% to the previous day’s close as strong demand from buyers drove the stock to $2.98.
Actively observing the price movement in the last trading, the stock closed the session at $3.00. The value of beta (5-year monthly) was 2.51. Referring to stock’s 52-week performance, its high was $14.61, and the low was $2.93. On the whole, APPS has fluctuated by -22.60% over the past month.
With the market capitalization of Digital Turbine Inc currently standing at about $304.02 million, investors are eagerly awaiting this quarter’s results, scheduled for May 22, 2024 – May 27, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.07, which is expected to increase to $0.12 for fiscal year $0.5 and then to about $0.45 by fiscal year 2025. Data indicates that the EPS growth is expected to be -56.50% in 2025, while the next year’s EPS growth is forecast to be -10.00%.
Analysts have estimated the company’s revenue for the quarter at $117.6 million, with a low estimate of $115 million and a high estimate of $119 million. According to the average forecast, sales growth in current quarter could jump down -16.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $549.87 million, representing a decrease of -17.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that APPS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of APPS currently trading nearly -8.15% and -35.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.78, while the 7-day volatility ratio is showing 5.81% which for the 30-day chart, stands at 6.86%. Furthermore, Digital Turbine Inc (APPS)’s beta value is 2.51, and its average true range (ATR) is 0.25.
A comparison of Digital Turbine Inc (APPS) with its peers suggests the former has fared considerably weaker in the market. APPS showed an intraday change of -0.67% in last session, and over the past year, it shrunk by -69.65%%.
Data on historical trading for Digital Turbine Inc (NASDAQ:APPS) indicates that the trading volumes over the past 10 days have averaged 3.22 million and over the past 3 months, they’ve averaged 2.31 million. According to company’s latest data on outstanding shares, there are 99.46 million shares outstanding.
Nearly 9.99% of Digital Turbine Inc’s shares belong to company insiders and institutional investors own 64.95% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.96 million shares as on Feb 29, 2024, resulting in a short ratio of 3.24. According to the data, the short interest in Digital Turbine Inc (APPS) stood at 8.78% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 3.03 million. The stock has fallen by -56.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the APPS stock heading into the next quarter.
