Market Watch Highlights: Digital Turbine Inc (APPS) Ends on an Downturn Note at 1.47

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As of close of business last night, Digital Turbine Inc’s stock clocked out at $1.47, down -4.55% from its previous closing price of $1.54. In other words, the price has decreased by -$4.55 from its previous closing price. On the day, 2.08 million shares were traded. APPS stock price reached its highest trading level at $1.53 during the session, while it also had its lowest trading level at $1.46.

Ratios:

To gain a deeper understanding of APPS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.03. In the meantime, Its Debt-to-Equity ratio is 1.82 whereas as Long-Term Debt/Eq ratio is at 1.82.

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.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future 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 150685296 and an Enterprise Value of 509454848. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 0.936 whereas that against EBITDA is 9.336.

Stock Price History:

Over the past 52 weeks, APPS has reached a high of $11.46, while it has fallen to a 52-week low of $1.45. The 50-Day Moving Average of the stock is -26.64%, while the 200-Day Moving Average is calculated to be -66.71%.

Shares Statistics:

It appears that APPS traded 2.42M shares on average per day over the past three months and 2363320 shares per day over the past ten days. A total of 102.12M shares are outstanding, with a floating share count of 91.60M. Insiders hold about 10.64% of the company’s shares, while institutions hold 60.08% stake in the company. Shares short for APPS as of 1715731200 were 5721163 with a Short Ratio of 2.21, compared to 1713139200 on 6555471. Therefore, it implies a Short% of Shares Outstanding of 5721163 and a Short% of Float of 7.8600004000000006.

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