Digital Turbine Inc (NASDAQ: APPS) on Monday, plunged -4.58% from the previous trading day, before settling in for the closing price of $1.31. Within the past 52 weeks, APPS’s price has moved between $1.29 and $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. The company achieved an average annual earnings per share of -75.35%. With a float of $91.83 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 48.43%, operating margin of -11.32%, and the pretax margin is -56.96%.
Digital Turbine Inc (APPS) Insider Updates
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Digital Turbine Inc is 11.47%, while institutional ownership is 52.90%. The most recent insider transaction that took place on Nov 11 ’24, was worth 141,000. In this transaction Director of this company bought 100,000 shares at a rate of $1.41, taking the stock ownership to the 571,216 shares.
Digital Turbine Inc (APPS) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -75.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.00% 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 1.09 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 0.25.
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 0.26 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 5.46 million. That was better than the volume of 3.11 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 2.14%. Additionally, its Average True Range was 0.28.
During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 0.88%, which indicates a significant decrease from 1.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 244.38% in the past 14 days, which was higher than the 160.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.8079, while its 200-day Moving Average is $2.5845. However, in the short run, Digital Turbine Inc’s stock first resistance to watch stands at $1.3067. Second resistance stands at $1.3633. The third major resistance level sits at $1.4067. If the price goes on to break the first support level at $1.2067, it is likely to go to the next support level at $1.1633. Assuming the price breaks the second support level, the third support level stands at $1.1067.
Digital Turbine Inc (NASDAQ: APPS) Key Stats
Market capitalization of the company is 121.32 million based on 103,726K outstanding shares. Right now, sales total 544,480 K and income totals -420,230 K. The company made 118,730 K in profit during its latest quarter, and -24,990 K in sales during its previous quarter.
