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The closing price of Digital Turbine Inc (NASDAQ: APPS) was $2.81 for the day, down -8.47% from the previous closing price of $3.07. In other words, the price has decreased by -$8.47 from its previous closing price. On the day, 3.07 million shares were traded. APPS stock price reached its highest trading level at $3.08 during the session, while it also had its lowest trading level at $2.77.
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 8.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 94.08. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.05. In the meantime, Its Debt-to-Equity ratio is 2.04 whereas as Long-Term Debt/Eq ratio is at 2.04.
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 May 29, 2024, Reiterated its Buy rating but revised its target price to $5 from $10 previously.
On February 08, 2024, Craig Hallum reiterated its Buy rating and also upped its target price recommendation from $12 to $10.
BofA Securities Downgraded its Buy to Neutral on September 14, 2023, whereas the target price for the stock was revised from $12 to $8.
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 288800544 and an Enterprise Value of 652839488. 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 1.47. Its current Enterprise Value per Revenue stands at 1.265 whereas that against EBITDA is 14.873.
Stock Price History:
Over the past 52 weeks, APPS has reached a high of $7.32, while it has fallen to a 52-week low of $1.39. The 50-Day Moving Average of the stock is -3.22%, while the 200-Day Moving Average is calculated to be -11.59%.
Shares Statistics:
APPS traded an average of 4.02M shares per day over the past three months and 2366040 shares per day over the past ten days. A total of 102.12M shares are outstanding, with a floating share count of 91.09M. Insiders hold about 11.37% of the company’s shares, while institutions hold 51.31% stake in the company. Shares short for APPS as of 1726185600 were 4146686 with a Short Ratio of 1.03, compared to 1723680000 on 5207629. Therefore, it implies a Short% of Shares Outstanding of 4146686 and a Short% of Float of 4.8.
