Digital Turbine Inc (NASDAQ: APPS) on Tuesday, soared 4.30% from the previous trading day, before settling in for the closing price of $1.86. Within the past 52 weeks, APPS’s price has moved between $1.78 and $14.61.
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A company in the Technology sector has jumped its sales by 71.87% annually for the last half of the decade. The company achieved an average annual earnings per share of -56.33%. With a float of $91.55 million, this company’s outstanding shares have now reached $99.46 million.
In an organization with 777 employees, it is important to assess its efficiency.
Digital Turbine Inc (APPS) Insider and Institutional Ownership
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Digital Turbine Inc is 10.26%, while institutional ownership is 64.99%. The most recent insider transaction that took place on Sep 15 ’23, was worth 136,800. In this transaction Director of this company bought 20,000 shares at a rate of $6.84, taking the stock ownership to the 370,055 shares. Before that another transaction happened on Sep 15 ’23, when Company’s Director bought 20,000 for $6.73, making the entire transaction worth $134,600. This insider now owns 49,971 shares in total.
Digital Turbine Inc (APPS) Latest Financial update
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported 0.14 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.18) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -56.33% per share during the next fiscal year.
Digital Turbine Inc (NASDAQ: APPS) Trading Performance Indicators
Digital Turbine Inc (APPS) is currently performing well based on its current performance indicators. A quick ratio of 1.07 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.35. Likewise, its price to free cash flow for the trailing twelve months is 5.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.97, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.45 in one year’s time.
Technical Analysis of Digital Turbine Inc (APPS)
Let’s dig in a bit further. During the last 5-days, its volume was 1.69 million. That was inferior than the volume of 2.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 28.54%. Additionally, its Average True Range was 0.16.
During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 2.89%, which indicates a significant decrease from 24.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.81% in the past 14 days, which was lower than the 77.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.7288, while its 200-day Moving Average is $5.8435. However, in the short run, Digital Turbine Inc’s stock first resistance to watch stands at $2.0700. Second resistance stands at $2.2000. The third major resistance level sits at $2.3100. If the price goes on to break the first support level at $1.8300, it is likely to go to the next support level at $1.7200. The third support level lies at $1.5900 if the price breaches the second support level.
Digital Turbine Inc (NASDAQ: APPS) Key Stats
Market capitalization of the company is 197.92 million based on 102,021K outstanding shares. Right now, sales total 665,920 K and income totals 16,670 K. The company made 142,630 K in profit during its latest quarter, and -14,060 K in sales during its previous quarter.
