A look at Digital Turbine Inc’s (APPS) recent performance gives investors their first glimpse of hope.

On Friday, Digital Turbine Inc (NASDAQ: APPS) was -6.94% drop from the session before settling in for the closing price of $3.46. A 52-week range for APPS has been $1.39 – $9.12.

During the last 5-year period, the sales growth of Technology Sector giant was 53.85%. When this article was written, the company’s average yearly earnings per share was at -34.86%. With a float of $91.38 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. In terms of profitability, gross margin is 37.45%, operating margin of -37.73%, and the pretax margin is -81.11%.

Digital Turbine Inc (APPS) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Digital Turbine Inc stocks. The insider ownership of Digital Turbine Inc is 11.09%, while institutional ownership is 51.17%. The most recent insider transaction that took place on Sep 15 ’23, was worth 34,250. In this transaction Director of this company bought 5,000 shares at a rate of $6.85, taking the stock ownership to the 343,493 shares. Before that another transaction happened on Sep 15 ’23, when Company’s Director bought 20,000 for $6.84, making the entire transaction worth $136,800. This insider now owns 370,055 shares in total.

Digital Turbine Inc (APPS) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -34.86% 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

You can see what Digital Turbine Inc (APPS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.64. Likewise, its price to free cash flow for the trailing twelve months is 107.80.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.31, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.50 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 2.5 million, which is a drop from its year-to-date volume of 3.0 million. As of the previous 9 days, the stock’s Stochastic %D was 6.36%. Additionally, its Average True Range was 0.36.

During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 56.66%, which indicates a significant increase from 22.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 118.02% in the past 14 days, which was lower than the 122.50% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.48, while its 200-day Moving Average is $3.43. However, in the short run, Digital Turbine Inc’s stock first resistance to watch stands at $3.43. Second resistance stands at $3.64. The third major resistance level sits at $3.77. If the price goes on to break the first support level at $3.10, it is likely to go to the next support level at $2.97. Should the price break the second support level, the third support level stands at $2.76.

Digital Turbine Inc (NASDAQ: APPS) Key Stats

There are 102,507K outstanding shares of the company, which has a market capitalization of 330.95 million. As of now, sales total 544,480 K while income totals -420,230 K. Its latest quarter income was 117,990 K while its last quarter net income were -25,160 K.