Deeper Dive: Understanding Digital Turbine Inc (APPS) Through its Various Ratios

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The price of Digital Turbine Inc (NASDAQ: APPS) closed at $2.16 in the last session, up 3.35% from day before closing price of $2.09. In other words, the price has increased by $3.35 from its previous closing price. On the day, 1.31 million shares were traded. APPS stock price reached its highest trading level at $2.17 during the session, while it also had its lowest trading level at $2.1109.


We take a closer look at APPS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.55. 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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:

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 220365376 and an Enterprise Value of 545541120. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at 0.953 whereas that against EBITDA is 9.057.

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 $1.78. The 50-Day Moving Average of the stock is -12.04%, while the 200-Day Moving Average is calculated to be -60.40%.

Shares Statistics:

According to the various share statistics, APPS traded on average about 2.84M shares per day over the past 3-months and 1275880 shares per day over the past 10 days. 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 63.98% stake in the company. Shares short for APPS as of 1713139200 were 6555471 with a Short Ratio of 2.31, compared to 1710460800 on 8339545. Therefore, it implies a Short% of Shares Outstanding of 6555471 and a Short% of Float of 9.020001.

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