While Digital Turbine Inc has underperformed by -2.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, APPS fell by -49.51%, with highs and lows ranging from $7.32 to $1.39, whereas the simple moving average fell by -3.92% in the last 200 days.
On May 29, 2024, Craig Hallum Reiterated Digital Turbine Inc (NASDAQ: APPS) to Buy. A report published by Craig Hallum on February 08, 2024, Reiterated its previous ‘Buy’ rating for APPS. BofA Securities also Downgraded APPS shares as ‘Neutral’, setting a target price of $8 on the company’s shares in a report dated September 14, 2023. ROTH MKM May 25, 2023d the rating to Neutral on May 25, 2023, and set its price target from $15 to $10. Macquarie February 17, 2023d its ‘Outperform’ rating to ‘Neutral’ for APPS, as published in its report on February 17, 2023. B. Riley Securities also rated the stock as ‘Neutral’.
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Analysis of Digital Turbine Inc (APPS)
Further, the quarter-over-quarter decrease in sales is -19.39%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Digital Turbine Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -110.02% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.05, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 4.07M can be a very valuable indicator of volatility for APPS stock. On a monthly basis, the volatility of the stock is set at 7.99%, whereas on a weekly basis, it is put at 6.89%, with a gain of 14.98% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.67, showing growth from the present price of $3.07, which can serve as yet another indication of whether APPS is worth investing in or should be passed over.
How Do You Analyze Digital Turbine Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.37%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 51.31% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
APPS shares are owned by institutional investors to the tune of 51.31% at present.
