A new trading day began on Monday, with Digital Turbine Inc (NASDAQ: APPS) stock price down -4.45% from the previous day of trading, before settling in for the closing price of $1.46. APPS’s price has ranged from $1.39 to $7.32 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 53.85%. Meanwhile, its annual earnings per share averaged -65.58%. With a float of $91.94 million, this company’s outstanding shares have now reached $102.12 million.
Considering the fact that the conglomerate employs 754 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 48.43%, operating margin of -11.32%, and the pretax margin is -56.96%.
Digital Turbine Inc (APPS) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Digital Turbine Inc is 11.36%, while institutional ownership is 51.17%.
Digital Turbine Inc (APPS) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.15 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -65.58% 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
Here are Digital Turbine Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.95, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.31 in one year’s time.
Technical Analysis of Digital Turbine Inc (APPS)
Compared to the last year’s volume of 3.06 million, its volume of 12.19 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 3.22%. Additionally, its Average True Range was 0.34.
During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 0.15%, which indicates a significant decrease from 0.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 259.32% in the past 14 days, which was higher than the 159.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.9617, while its 200-day Moving Average is $2.6899. Nevertheless, the first resistance level for the watch stands at $1.5133 in the near term. At $1.6317, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.6933. If the price goes on to break the first support level at $1.3333, it is likely to go to the next support level at $1.2717. Should the price break the second support level, the third support level stands at $1.1533.
Digital Turbine Inc (NASDAQ: APPS) Key Stats
With a market capitalization of 118.02 million, the company has a total of 103,726K Shares Outstanding. Currently, annual sales are 544,480 K while annual income is -420,230 K. The company’s previous quarter sales were 117,990 K while its latest quarter income was -25,160 K.
