Digital Turbine Inc (NASDAQ:APPS) price closed higher on Friday, May 03, jumping 1.98% above its previous close.
A look at the daily price movement shows that the last close reads $2.02. Taking into account the 52-week price action we note that the stock hit a 52-week high of $14.61 and 52-week low of $1.78. The stock subtracted -8.44% on its value in the past month.
Digital Turbine Inc, which has a market valuation of $210.16 million. Analysts tracking APPS have forecast the quarterly EPS to grow by 0.07 per share this quarter, while the same analysts predict the annual EPS to hit $0.5 for the year 2024 and up to $0.45 for 2025. In this case, analysts estimate an annual EPS growth of -56.50% for the year and -10.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $117.69 million, with the likely lows of $115 million and highs of $119 million. The average estimate suggests sales growth for the quarter will likely fall by -16.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $549.96 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow -17.40% below that which the company brought in 2024.
On the technical perspective front, indicators give APPS a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that APPS’s price is at present 5.86% off the SMA20 and -17.52% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 45.18, with weekly volatility standing at 7.58%. The indicator jumps to 6.68% when calculated based on the past 30 days. Digital Turbine Inc (NASDAQ:APPS)’s beta value is holding at 2.61, while the average true range (ATR) indicator is currently reading 0.15.
An analysis of the Digital Turbine Inc (NASDAQ:APPS) stock in terms of its daily trading volume indicates that the 3-month average is 2.83 million.
Current records show that the company has 99.46M in outstanding shares. The insiders’ percentage holdings are 10.26% of outstanding shares while the percentage share held by institutions stands at 63.72%. But the -69.97% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
