After finishing at $3.36 in the prior trading day, Digital Turbine Inc (NASDAQ: APPS) closed at $3.16, down -5.95%. In other words, the price has decreased by -$0.2000 from its previous closing price. On the day, 3192990 shares were traded.
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Ratios:
Our goal is to gain a better understanding of APPS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.58. 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 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. The Director now owns 49,971 shares after completing the transaction at $6.73 per share. On Sep 15, 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 322.39M and an Enterprise Value of 647.56M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 1.13 whereas that against EBITDA is 11.71.
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 $3.04. The 50-Day Moving Average of the stock is 5.4060, while the 200-Day Moving Average is calculated to be 7.3200.
Shares Statistics:
The stock has traded on average 2.24M shares per day over the past 3-months and 2.86M shares per day over the last 10 days, according to various share statistics. A total of 99.46M shares are outstanding, with a floating share count of 91.75M. Insiders hold about 10.06% of the company’s shares, while institutions hold 64.95% stake in the company. Shares short for APPS as of Feb 15, 2024 were 5.85M with a Short Ratio of 2.61, compared to 3.44M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.73% and a Short% of Float of 8.04%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.17 and a low estimate of $0, while EPS last year was $0.14. The consensus estimate for the next quarter is $0.09, with high estimates of $0.12 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.52 and $0.46 for the fiscal current year, implying an average EPS of $0.5. EPS for the following year is $0.45, with 5 analysts recommending between $0.51 and $0.38.
Revenue Estimates
6 analysts predict $117.6M in revenue for the current quarter. It ranges from a high estimate of $119M to a low estimate of $115M. As of the current estimate, Digital Turbine Inc’s year-ago sales were $140.12M, an estimated decrease of -16.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $129.99M, a decrease of -11.20% over than the figure of -$16.10% in the same quarter last year. There is a high estimate of $134M for the next quarter, whereas the lowest estimate is $125M.
A total of 6 analysts have provided revenue estimates for APPS’s current fiscal year. The highest revenue estimate was $551.26M, while the lowest revenue estimate was $547.26M, resulting in an average revenue estimate of $549.87M. In the same quarter a year ago, actual revenue was $665.92M, down -17.40% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $554.57M in the next fiscal year. The high estimate is $567.8M and the low estimate is $544.95M. The average revenue growth estimate for next year is up 0.90% from the average revenue estimate for this year.
