Digital Turbine Inc (NASDAQ: APPS) kicked off on Tuesday, down -5.56% from the previous trading day, before settling in for the closing price of $2.88. Over the past 52 weeks, APPS has traded in a range of $1.39-$7.55.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 53.85%. While this was happening, its average annual earnings per share was recorded -29.24%. With a float of $91.07 million, this company’s outstanding shares have now reached $102.12 million.
The extent of productivity of a business whose workforce counts for 754 workers is very important to gauge. 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 Updates
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Digital Turbine Inc is 11.39%, while institutional ownership is 51.18%. 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) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.13 earnings per share (EPS), lower than consensus estimate (set at 0.14) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -29.24% 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
Take a look at Digital Turbine Inc’s (APPS) current performance indicators. Last quarter, stock had a quick ratio of 1.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.54. Likewise, its price to free cash flow for the trailing twelve months is 91.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.31, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.53 in one year’s time.
Technical Analysis of Digital Turbine Inc (APPS)
The latest stats from [Digital Turbine Inc, APPS] show that its last 5-days average volume of 2.37 million was inferior to 2.98 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 12.86%. Additionally, its Average True Range was 0.33.
During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 41.18%, which indicates a significant increase from 11.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 79.35% in the past 14 days, which was lower than the 122.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.65, while its 200-day Moving Average is $3.36. Now, the first resistance to watch is $2.91. This is followed by the second major resistance level at $3.10. The third major resistance level sits at $3.29. If the price goes on to break the first support level at $2.53, it is likely to go to the next support level at $2.34. Assuming the price breaks the second support level, the third support level stands at $2.15.
Digital Turbine Inc (NASDAQ: APPS) Key Stats
The company with the Market Capitalisation of 279.56 million has total of 102,507K Shares Outstanding. Its annual sales at the moment are 544,480 K in contrast with the sum of -420,230 K annual income. Company’s last quarter sales were recorded 117,990 K and last quarter income was -25,160 K.
