Digital Turbine Inc (NASDAQ: APPS) on Monday, soared 8.72% from the previous trading day, before settling in for the closing price of $1.72. Within the past 52 weeks, APPS’s price has moved between $1.18 and $7.30.
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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%. The company achieved an average annual earnings per share of -75.35%. With a float of $91.82 million, this company’s outstanding shares have now reached $103.52 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 36.97%, operating margin of -11.32%, and the pretax margin is -56.96%.
Digital Turbine Inc (APPS) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Digital Turbine Inc is 11.48%, while institutional ownership is 52.92%. The most recent insider transaction that took place on Nov 27 ’24, was worth 10,010. In this transaction Director of this company bought 7,000 shares at a rate of $1.43, taking the stock ownership to the 24,640 shares. Before that another transaction happened on Nov 26 ’24, when Company’s Director bought 7,000 for $1.42, making the entire transaction worth $9,940. This insider now owns 216,364 shares in total.
Digital Turbine Inc (APPS) Earnings and Forecasts
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
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 0.39.
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)
Compared to the last year’s volume of 3.12 million, its volume of 5.23 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 91.41%. Additionally, its Average True Range was 0.16.
During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 20.06%, which indicates a significant decrease from 97.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.70% in the past 14 days, which was lower than the 156.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.1311, while its 200-day Moving Average is $2.3342. Nevertheless, the first resistance level for the watch stands at $1.9427 in the near term. At $2.0153, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.1507. If the price goes on to break the first support level at $1.7347, it is likely to go to the next support level at $1.5993. Should the price break the second support level, the third support level stands at $1.5267.
Digital Turbine Inc (NASDAQ: APPS) Key Stats
Market capitalization of the company is 193.97 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.
