On Monday, Digital Turbine Inc (NASDAQ: APPS) was 13.64% up from the session before settling in for the closing price of $3.08. A 52-week range for APPS has been $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. When this article was written, the company’s average yearly earnings per share was at -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
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 11.36%, while institutional ownership is 51.27%.
Digital Turbine Inc (APPS) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.13 earnings per share (EPS) during the time that was less than consensus figure (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 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
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 0.70. Likewise, its price to free cash flow for the trailing twelve months is 117.18.
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 1.39 million. That was inferior than the volume of 2.86 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 30.61%. Additionally, its Average True Range was 0.25.
During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 65.33%, which indicates a significant decrease from 80.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 103.36% in the past 14 days, which was lower than the 123.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.15, while its 200-day Moving Average is $2.83. However, in the short run, Digital Turbine Inc’s stock first resistance to watch stands at $3.63. Second resistance stands at $3.75. The third major resistance level sits at $4.01. If the price goes on to break the first support level at $3.25, it is likely to go to the next support level at $2.99. The third support level lies at $2.87 if the price breaches the second support level.
Digital Turbine Inc (NASDAQ: APPS) Key Stats
There are 102,507K outstanding shares of the company, which has a market capitalization of 359.73 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.
