Digital Turbine Inc (NASDAQ: APPS) on Friday, soared 6.91% from the previous trading day, before settling in for the closing price of $2.75. Within the past 52 weeks, APPS’s price has moved between $1.39 and $7.32.
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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 -29.24%. With a float of $91.09 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Digital Turbine Inc is 11.37%, while institutional ownership is 51.27%.
Digital Turbine Inc (APPS) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.13 earnings per share (EPS) for the period falling under the consensus outlook (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
Digital Turbine Inc (APPS) is currently performing well based on its current performance indicators. A quick ratio of 1.05 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 0.59. Likewise, its price to free cash flow for the trailing twelve months is 98.43.
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)
Looking closely at Digital Turbine Inc (NASDAQ: APPS), its last 5-days average volume was 2.54 million, which is a drop from its year-to-date volume of 2.97 million. As of the previous 9 days, the stock’s Stochastic %D was 32.16%. Additionally, its Average True Range was 0.30.
During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 47.99%, which indicates a significant increase from 27.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.27% in the past 14 days, which was lower than the 123.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.72, while its 200-day Moving Average is $3.33. However, in the short run, Digital Turbine Inc’s stock first resistance to watch stands at $3.02. Second resistance stands at $3.11. The third major resistance level sits at $3.25. If the price goes on to break the first support level at $2.79, it is likely to go to the next support level at $2.65. Now, if the price goes above the second support level, the third support stands at $2.56.
Digital Turbine Inc (NASDAQ: APPS) Key Stats
Market capitalization of the company is 302.17 million based on 102,507K outstanding shares. Right now, sales total 544,480 K and income totals -420,230 K. The company made 117,990 K in profit during its latest quarter, and -25,160 K in sales during its previous quarter.
