Digital Turbine Inc (NASDAQ: APPS) kicked off on Monday, down -4.23% from the previous trading day, before settling in for the closing price of $3.31. Over the past 52 weeks, APPS has traded in a range of $1.39-$7.32.
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A company in the Technology sector has jumped its sales by 53.85% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -29.24%. With a float of $91.10 million, this company’s outstanding shares have now reached $102.12 million.
In an organization with 754 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 11.36%, while institutional ownership is 51.35%.
Digital Turbine Inc (APPS) Latest Financial update
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 15.73% 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 0.63. Likewise, its price to free cash flow for the trailing twelve months is 106.13.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.6 million. That was inferior than the volume of 2.9 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 49.66%. Additionally, its Average True Range was 0.25.
During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 55.11%, which indicates a significant increase from 53.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.07% in the past 14 days, which was lower than the 123.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.16, while its 200-day Moving Average is $2.90. However, in the short run, Digital Turbine Inc’s stock first resistance to watch stands at $3.31. Second resistance stands at $3.44. The third major resistance level sits at $3.54. If the price goes on to break the first support level at $3.08, it is likely to go to the next support level at $2.98. The third support level lies at $2.85 if the price breaches the second support level.
Digital Turbine Inc (NASDAQ: APPS) Key Stats
The company with the Market Capitalisation of 325.81 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.
