The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Digital Turbine Inc (NASDAQ: APPS) closed at $5.45 up 1.30% from its previous closing price of $5.38. In other words, the price has increased by $1.30 from its previous closing price. On the day, 9.46 million shares were traded. APPS stock price reached its highest trading level at $5.705 during the session, while it also had its lowest trading level at $5.17.
Ratios:
For a deeper understanding of Digital Turbine Inc’s stock, let’s take a closer look at its various ratios. 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 2.54 whereas as Long-Term Debt/Eq ratio is at 2.54.
On May 29, 2024, Craig Hallum reiterated its Buy rating and also upped its target price recommendation from $10 to $5.
Craig Hallum reiterated its Buy rating for the stock on February 08, 2024, while the target price for the stock was revised from $12 to $10.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 27 ’24 when STERLING MICHELLE M bought 7,000 shares for $1.43 per share. The transaction valued at 10,010 led to the insider holds 24,640 shares of the business.
Chestnutt Roy H bought 7,000 shares of APPS for $9,940 on Nov 26 ’24. The Director now owns 216,364 shares after completing the transaction at $1.42 per share. On Nov 20 ’24, another insider, Karish Jeff, who serves as the Director of the company, bought 5,000 shares for $1.39 each. As a result, the insider paid 6,950 and bolstered with 416,861 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 572288128 and an Enterprise Value of 645840960. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.18 while its Price-to-Book (P/B) ratio in mrq is 3.50. Its current Enterprise Value per Revenue stands at 1.314 whereas that against EBITDA is 18.598.
Stock Price History:
The Beta on a monthly basis for APPS is 2.44, which has changed by 0.5027933 over the last 52 weeks, in comparison to a change of 0.21313763 over the same period for the S&P500. Over the past 52 weeks, APPS has reached a high of $5.50, while it has fallen to a 52-week low of $1.18. The 50-Day Moving Average of the stock is 154.98%, while the 200-Day Moving Average is calculated to be 131.53%.
Shares Statistics:
For the past three months, APPS has traded an average of 6.01M shares per day and 18531130 over the past ten days. A total of 104.83M shares are outstanding, with a floating share count of 91.28M. Insiders hold about 13.07% of the company’s shares, while institutions hold 51.05% stake in the company. Shares short for APPS as of 1736899200 were 5467023 with a Short Ratio of 0.91, compared to 1734048000 on 5996969. Therefore, it implies a Short% of Shares Outstanding of 5467023 and a Short% of Float of 6.260000000000001.
Earnings Estimates
Current recommendations for the stock of the company come from 2.0 analysts. The consensus estimate for the next quarter is $0.07, with high estimates of $0.09 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.3 and $0.28 for the fiscal current year, implying an average EPS of $0.29. EPS for the following year is $0.39, with 2.0 analysts recommending between $0.4 and $0.38.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $116.21M this quarter.It ranges from a high estimate of $117.27M to a low estimate of $115.35M. As of the current estimate, Digital Turbine Inc’s year-ago sales were $112.22MFor the next quarter, 3 analysts are estimating revenue of $123.05M. There is a high estimate of $125.88M for the next quarter, whereas the lowest estimate is $120M.
A total of 3 analysts have provided revenue estimates for APPS’s current fiscal year. The highest revenue estimate was $488.63M, while the lowest revenue estimate was $475.45M, resulting in an average revenue estimate of $483.81M. In the same quarter a year ago, actual revenue was $544.48MBased on 3 analysts’ estimates, the company’s revenue will be $518.19M in the next fiscal year. The high estimate is $530M and the low estimate is $509.28M.
