Digital Turbine Inc. (NASDAQ: APPS) closed the day trading at $8.23 down -42.97% from the previous closing price of $14.43. In other words, the price has decreased by -$6.20 from its previous closing price. On the day, 20627291 shares were traded. APPS stock price reached its highest trading level at $9.18 during the session, while it also had its lowest trading level at $8.10.
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For a better understanding of APPS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.38. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.70 whereas as Long-Term Debt/Eq ratio is at 0.70.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 16 when STONE WILLIAM GORDON III sold 35,000 shares for $10.26 per share. The transaction valued at 359,100 led to the insider holds 1,612,789 shares of the business.
STONE WILLIAM GORDON III sold 35,000 shares of APPS for $368,900 on Mar 15. The Chief Executive Officer now owns 1,647,789 shares after completing the transaction at $10.54 per share. On Mar 14, another insider, DEUTSCHMAN ROBERT M, who serves as the Director of the company, bought 5,000 shares for $10.24 each. As a result, the insider paid 51,200 and bolstered with 294,017 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, APPS now has a Market Capitalization of 1.24B and an Enterprise Value of 1.58B. As of this moment, Digital’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.93, and their Forward P/E ratio for the next fiscal year is 7.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 2.22 whereas that against EBITDA is 9.91.
Stock Price History:
Over the past 52 weeks, APPS has reached a high of $27.03, while it has fallen to a 52-week low of $9.13. The 50-Day Moving Average of the stock is 12.06, while the 200-Day Moving Average is calculated to be 14.85.
Over the past 3-months, APPS traded about 1.82M shares per day on average, while over the past 10 days, APPS traded about 3.78M shares per day. A total of 99.11M shares are outstanding, with a floating share count of 95.14M. Insiders hold about 3.00% of the company’s shares, while institutions hold 70.40% stake in the company. Shares short for APPS as of Apr 27, 2023 were 6.55M with a Short Ratio of 6.34M, compared to 6.5M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 6.60% and a Short% of Float of 7.60%.
Current recommendations for the stock of the company come from Digital Turbine, Inc. analysts. The consensus estimate for the next quarter is $0.45, with high estimates of $24.05 and low estimates of $85.15.
Analysts are recommending an EPS of between $Technology and $Healthcare for the fiscal current year, implying an average EPS of $Consumer Defensive. EPS for the following year is $Stocks, with Stocks analysts recommending between $Stocks and $Stocks.