Digital Turbine Inc (NASDAQ: APPS) closed the day trading at $1.87 down -8.33% from the previous closing price of $2.04. On the day, 2283753 shares were traded.
Ratios:
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 3.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.67. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.84.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on February 08, 2024, Reiterated its Buy rating but revised its target price to $10 from $12 previously.
On September 14, 2023, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $12 to $8.
ROTH MKM Downgraded its Buy to Neutral on May 25, 2023, whereas the target price for the stock was revised from $15 to $10.
Insider Transactions:
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 Sep 15 ’23 when DEUTSCHMAN ROBERT M bought 20,000 shares for $6.84 per share. The transaction valued at 136,800 led to the insider holds 370,055 shares of the business.
GYANI MOHAN S bought 20,000 shares of APPS for $134,600 on Sep 15 ’23. The Director now owns 49,971 shares after completing the transaction at $6.73 per share. On Sep 15 ’23, another insider, Karish Jeff, who serves as the Director of the company, bought 5,000 shares for $6.85 each. As a result, the insider paid 34,250 and bolstered with 343,493 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 0.43.
Stock Price History:
Over the past 52 weeks, APPS has reached a high of $14.61, while it has fallen to a 52-week low of $2.01.
Shares Statistics:
A total of 99.46M shares are outstanding, with a floating share count of 91.55M. Insiders hold about 10.26% of the company’s shares, while institutions hold 65.00% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Digital Turbine, Inc. analysts. The consensus estimate for the next quarter is $51.79, with high estimates of $221.43 and low estimates of $75.57.
Analysts are recommending an EPS of between $Technology and $Technology for the fiscal current year, implying an average EPS of $Healthcare.
