Digital Turbine Inc (NASDAQ: APPS) on Monday, plunged -7.07% from the previous trading day, before settling in for the closing price of $1.98. Within the past 52 weeks, APPS’s price has moved between $1.39 and $10.52.
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During the last 5-year period, the sales growth of Technology Sector giant was 53.85%. The company achieved an average annual earnings per share of -39.12%. With a float of $91.20 million, this company’s outstanding shares have now reached $102.12 million.
Let’s determine the extent of company efficiency that accounts for 754 employees.
Digital Turbine Inc (APPS) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Digital Turbine Inc is 11.10%, while institutional ownership is 60.29%. 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) Earnings and Forecasts
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.18 earnings per share (EPS) for the period topping the consensus outlook (set at 0.13) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -39.12% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.40% during the next five years compared to -121.76% drop over the previous five years of trading.
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 1.03 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 42.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.14, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.48 in one year’s time.
Technical Analysis of Digital Turbine Inc (APPS)
Looking closely at Digital Turbine Inc (NASDAQ: APPS), its last 5-days average volume was 1.58 million, which is a drop from its year-to-date volume of 2.29 million. As of the previous 9 days, the stock’s Stochastic %D was 16.54%. Additionally, its Average True Range was 0.20.
During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 25.71%, which indicates a significant increase from 19.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.32% in the past 14 days, which was lower than the 86.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8714, while its 200-day Moving Average is $3.5824. However, in the short run, Digital Turbine Inc’s stock first resistance to watch stands at $1.9467. Second resistance stands at $2.0533. The third major resistance level sits at $2.1867. If the price goes on to break the first support level at $1.7067, it is likely to go to the next support level at $1.5733. Should the price break the second support level, the third support level stands at $1.4667.
Digital Turbine Inc (NASDAQ: APPS) Key Stats
Market capitalization of the company is 188.77 million based on 102,507K outstanding shares. Right now, sales total 544,480 K and income totals -420,230 K. The company made 112,220 K in profit during its latest quarter, and -236,510 K in sales during its previous quarter.
