Digital Turbine Inc (NASDAQ:APPS) traded at $2.96 at close of the session on Friday, March 15, made an upward move of 5.71% on its previous day’s price.
Looking at the stock we see that its previous close was $2.80 and the beta (5Y monthly) reads 2.51 . In terms of its 52-week price range, APPS has a high of $14.61 and a low of $2.73. The company’s stock has lost about -17.32% over that past 30 days.
Digital Turbine Inc has a market cap of $301.98 million and is expected to release its quarterly earnings report on May 22, 2024 – May 27, 2024. Estimates by analysts give the company expected earnings per share (EPS) of $0.07, with the EPS growth for the year raised at $0.5 for 2024 and $0.45 for next year. These figures represent -56.50% and -10.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $117.6 million, with a low of $115 million and a high of $119 million. The median projection represents growth adding up to -16.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $549.87 million, or -17.40% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the APPS stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -6.89% off its SMA20 and -34.14% from its 50-day simple moving average. The RSI (14) is pointing at 31.95 while the volatility over the past week is 7.30% and jumps to 7.20% over the past one month. The beta value is 2.51, while the average true range (ATR) is currently pointing at 0.25.
Coming back to Digital Turbine Inc (NASDAQ:APPS), we note that the average 3-month trading volume was 2.32 million, while that of the preceding 10-day period stands at 5.48 million. Current shares outstanding are 99.46 million.
The insiders hold 9.99% of the company’s shares while institutions hold 64.95%. The data shows that short shares as of Feb 29, 2024, stood at 8.96 million at a short ratio of 3.24. This represents a 8.78% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 3.03 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -56.85% down in year-to-date price movement.
