A new trading day began on Monday, with Digital Turbine Inc (NASDAQ: APPS) stock price down -7.57% from the previous day of trading, before settling in for the closing price of $4.23. APPS’s price has ranged from $1.18 to $6.86 over the past 52 weeks.
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Annual sales at Technology sector company grew by 53.85% over the past five years. Meanwhile, its annual earnings per share averaged -50.00%. With a float of $90.78 million, this company’s outstanding shares have now reached $104.83 million.
Let’s look at the performance matrix of the company that is accounted for 754 employees. In terms of profitability, gross margin is 50.4%, operating margin of -12.23%, and the pretax margin is -58.69%.
Digital Turbine Inc (APPS) Insider Updates
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 13.55%, while institutional ownership is 45.76%. 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) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -50.00% per share during the next fiscal year.
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 1.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.03, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.39 in one year’s time.
Technical Analysis of Digital Turbine Inc (APPS)
Digital Turbine Inc (NASDAQ: APPS) saw its 5-day average volume 7.42 million, a negative change from its year-to-date volume of 8.87 million. As of the previous 9 days, the stock’s Stochastic %D was 9.14%. Additionally, its Average True Range was 0.58.
During the past 100 days, Digital Turbine Inc’s (APPS) raw stochastic average was set at 48.06%, which indicates a significant increase from 33.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 308.95% in the past 14 days, which was higher than the 176.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.74, while its 200-day Moving Average is $2.49. Nevertheless, the first resistance level for the watch stands at $4.27 in the near term. At $4.62, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.97. If the price goes on to break the first support level at $3.57, it is likely to go to the next support level at $3.22. Assuming the price breaks the second support level, the third support level stands at $2.87.
Digital Turbine Inc (NASDAQ: APPS) Key Stats
With a market capitalization of 410.58 million, the company has a total of 105,007K Shares Outstanding. Currently, annual sales are 544,480 K while annual income is -420,230 K. The company’s previous quarter sales were 134,640 K while its latest quarter income was -23,130 K.
