Digital Turbine Inc (NASDAQ:APPS) shares, rose in value, with the stock price down by -1.03% to the previous day’s close as strong demand from buyers drove the stock to $1.92.
Actively observing the price movement in the last trading, the stock closed the session at $1.94. Referring to stock’s 52-week performance, its high was $14.61, and the low was $1.78. On the whole, APPS has fluctuated by -25.29% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 549.96M, with a low estimate of 115M and a high estimate of 119M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 117.69M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 -9.77% and -29.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.16, while the 7-day volatility ratio is showing 8.17% which for the 30-day chart, stands at 6.70%. Furthermore, Digital Turbine Inc (APPS)’s beta value is 2.53, and its average true range (ATR) is 0.16.
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 -1.03% in last session, and over the past year, it shrunk by -84.36%%.
Data on historical trading for Digital Turbine Inc (NASDAQ:APPS) indicates that the trading volumes over the past 3 months, they’ve averaged 2.81 million. According to company’s latest data on outstanding shares, there are 99.46 million shares outstanding.
Nearly 10.26% of Digital Turbine Inc’s shares belong to company insiders and institutional investors own 65.12% of the company’s shares. The stock has fallen by -72.01% 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.
