A new trading day began on Tuesday, with Digital Turbine Inc (NASDAQ: APPS) stock price down -4.70% from the previous day of trading, before settling in for the closing price of $1.49. APPS’s price has ranged from $1.18 to $7.32 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 53.85% over the last five years. Meanwhile, its annual earnings per share averaged -75.35%. With a float of $91.70 million, this company’s outstanding shares have now reached $102.12 million.
The firm has a total of 754 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock
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 11.59%, while institutional ownership is 52.89%. The most recent insider transaction that took place on Nov 26 ’24, was worth 9,940. In this transaction Director of this company bought 7,000 shares at a rate of $1.42, taking the stock ownership to the 216,364 shares. Before that another transaction happened on Nov 20 ’24, when Company’s Director bought 5,000 for $1.39, making the entire transaction worth $6,950. This insider now owns 416,861 shares in total.
Digital Turbine Inc (APPS) Recent Fiscal highlights
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 0.04 per share during the current fiscal year.
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 8.44% 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 0.30.
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)
Analysing the last 5-days average volume posted by the [Digital Turbine Inc, APPS], we can find that recorded value of 4.19 million was better than the volume posted last year of 3.14 million. As of the previous 9 days, the stock’s Stochastic %D was 72.36%. Additionally, its Average True Range was 0.23.
During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 6.98%, which indicates a significant decrease from 30.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 265.74% in the past 14 days, which was higher than the 161.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.6395, while its 200-day Moving Average is $2.4921. Now, the first resistance to watch is $1.4900. This is followed by the second major resistance level at $1.5600. The third major resistance level sits at $1.6100. If the price goes on to break the first support level at $1.3700, it is likely to go to the next support level at $1.3200. Now, if the price goes above the second support level, the third support stands at $1.2500.
Digital Turbine Inc (NASDAQ: APPS) Key Stats
With a market capitalization of 147.29 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 118,730 K while its latest quarter income was -24,990 K.
