Digital Turbine Inc (NASDAQ:APPS) shares, rose in value, with the stock price down by -2.17% to the previous day’s close as strong demand from buyers drove the stock to $2.25.
Actively observing the price movement in the last trading, the stock closed the session at $2.30. The value of beta (5-year monthly) was 2.48. Referring to stock’s 52-week performance, its high was $14.61, and the low was $2.27. On the whole, APPS has fluctuated by -25.74% over the past month.
With the market capitalization of Digital Turbine Inc currently standing at about $229.54 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 $117.69 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 -16.00%, 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 $549.96 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 -18.55% and -38.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 24.11, while the 7-day volatility ratio is showing 6.48% which for the 30-day chart, stands at 6.69%. Furthermore, Digital Turbine Inc (APPS)’s beta value is 2.49, and its average true range (ATR) is 0.20.
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 -2.17% in last session, and over the past year, it shrunk by -81.68%%.
Data on historical trading for Digital Turbine Inc (NASDAQ:APPS) indicates that the trading volumes over the past 10 days have averaged 1.99 million and over the past 3 months, they’ve averaged 2.73 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 64.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.34 million shares as on Mar 15, 2024, resulting in a short ratio of 2.04. According to the data, the short interest in Digital Turbine Inc (APPS) stood at 8.17% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.85 million. The stock has fallen by -67.20% 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.
