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The closing price of Digital Turbine Inc (NASDAQ: APPS) was $1.42 for the day, down -4.70% from the previous closing price of $1.49. In other words, the price has decreased by -$4.70 from its previous closing price. On the day, 3.04 million shares were traded. APPS stock price reached its highest trading level at $1.51 during the session, while it also had its lowest trading level at $1.39.
Ratios:
Our analysis of APPS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 2.28 whereas as Long-Term Debt/Eq ratio is at 2.28.
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:
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 Nov 26 ’24 when Chestnutt Roy H bought 7,000 shares for $1.42 per share. The transaction valued at 9,940 led to the insider holds 216,364 shares of the business.
Karish Jeff bought 5,000 shares of APPS for $6,950 on Nov 20 ’24. The Director now owns 416,861 shares after completing the transaction at $1.39 per share. On Nov 19 ’24, another insider, DEUTSCHMAN ROBERT M, who serves as the Director of the company, bought 20,000 shares for $1.23 each. As a result, the insider paid 24,600 and bolstered with 591,216 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 147290912 and an Enterprise Value of 529668288. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 1.077 whereas that against EBITDA is 15.252.
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 $1.18. The 50-Day Moving Average of the stock is -46.20%, while the 200-Day Moving Average is calculated to be -43.02%.
Shares Statistics:
APPS traded an average of 3.44M shares per day over the past three months and 4954070 shares per day over the past ten days. A total of 102.12M shares are outstanding, with a floating share count of 91.70M. Insiders hold about 11.59% of the company’s shares, while institutions hold 52.89% stake in the company. Shares short for APPS as of 1731628800 were 5476214 with a Short Ratio of 1.43, compared to 1728950400 on 5185931. Therefore, it implies a Short% of Shares Outstanding of 5476214 and a Short% of Float of 6.2700000000000005.
