Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Digital Turbine Inc (NASDAQ: APPS) was $1.86 for the day, up 0.54% from the previous closing price of $1.85. In other words, the price has increased by $0.54 from its previous closing price. On the day, 1.27 million shares were traded. APPS stock price reached its highest trading level at $1.92 during the session, while it also had its lowest trading level at $1.8.
Ratios:
Our analysis of APPS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.64. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 189759056 and an Enterprise Value of 513914496. 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 0.42. Its current Enterprise Value per Revenue stands at 0.898 whereas that against EBITDA is 8.532.
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 -33.74%, while the 200-Day Moving Average is calculated to be -68.57%.
Shares Statistics:
APPS traded an average of 2.80M shares per day over the past three months and 2000820 shares per day over the past ten 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 65.01% stake in the company. Shares short for APPS as of 1711584000 were 5469846 with a Short Ratio of 1.95, compared to 1709164800 on 8961917. Therefore, it implies a Short% of Shares Outstanding of 5469846 and a Short% of Float of 7.5200000000000005.
Earnings Estimates
The current market rating for Digital Turbine Inc (APPS) reflects the collective analysis of Digital Turbine, Inc. analysts closely monitoring its performance.The consensus estimate for the next quarter is $47.64, with high estimates of $35.12 and low estimates of $67.85.
