Digital Turbine Inc (APPS) Performance and Fundamentals Dashboard tells a completely different story

With 4.1 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.07 shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $4.0200 whereas the lowest price it dropped to was $3.7100. The 52-week range on APPS shows that it touched its highest point at $14.61 and its lowest point at $3.70 during that stretch. It currently has a 1-year price target of $5.90. Beta for the stock currently stands at 2.59.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of APPS was down-trending over the past week, with a drop of -26.92%, but this was down by -35.58% over a month. Three-month performance dropped to -23.33% while six-month performance fell -58.84%. The stock lost -75.88% in the past year, while it has lost -43.00% so far this year. A look at the trailing 12-month EPS for APPS yields -1.97 with Next year EPS estimates of 0.51. For the next quarter, that number is 0.07. This implies an EPS growth rate of -53.68% for this year and -3.92% for next year.

Float and Shares Shorts:

At present, 99.46 million APPS shares are outstanding with a float of 91.75 million shares on hand for trading. On Jan 31, 2024, short shares totaled 3.03 million, which was 2.98% higher than short shares on Dec 29, 2023. In addition to APP as the firm’s Applovin Corporation, APPS serves as its Digital Turbine, Inc..

Institutional Ownership:

Through their ownership of 70.13% of APPS’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APPS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With APPS analysts setting a high price target of $10.00 and a low target of $4.00, the average target price over the next 12 months is $5.90. Based on these targets, APPS could surge 155.75% to reach the target high and rise by 2.3% to reach the target low. Reaching the average price target will result in a growth of 50.9% from current levels.

Summary of Insider Activity:

Insiders traded APPS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 37 while that of sell transactions has risen to 69 over the past year. The total number of shares bought during that period was 1,035,704 while 660,564 shares were sold.