Digital Turbine, Inc. (APPS) Stock: Here’s What’s Happening

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Digital Turbine, Inc. (APPS) is headed up in the market in today’s trading session. The company, focused on the tech sector, is presently trading at $3.39 after climbing 10.78% so far in today’s session. In terms of tech stocks, there are several aspects that have the ability to cause price movement in the market. News is one of the most common reasons for movement. Here are the recent headlines surrounding APPS:

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Mar-18-19 02:30PM These Tech Stocks Could Test March Highs
Mar-15-19 11:46AM Top Ranked Momentum Stocks to Buy for March 14th
10:26AM 1-800 Flowers.com, Anheuser-Busch, Digital Turbine, Telenav and Glu Mobile highlighted as Zacks Bull and Bear of the Day
Mar-14-19 12:04PM 3 Tech Stocks Under $10 to Buy Now
Mar-13-19 09:22AM The Zacks Analyst Blog Highlights: Glu Mobile, Digital Turbine, Trivago, Radiant Logistics and Telenav

However, any time investors are making an investing decision, prospective investors should focus on far more than just news, especially in the ever evolving tech sector. Here’s what’s happing when it comes to Digital Turbine, Inc..

The Performance That We’ve Seen From APPS

While a single session gain, like the gain that we’re seeing from Digital Turbine, Inc. may lead to excitement in some investors, a single session gain by itself should not be the reason for a decision to, or not to, buy a company’s stock. It is always smart to look at trends experienced by the stock beyond a single session. When it comes to APPS, below are the returns that we have seen:

  • Past Seven Days – In the last five trading sessions, APPS has seen a price change that amounts to 11.15%.
  • Past 30 Days – The ROI from Digital Turbine, Inc. over the last month comes to 13.38%.
  • Quarterly – Over the past quarter, the stock has produced a ROI that works out to 67.00%
  • Past 6 Months – Over the previous 6 months, we have seen a performance that amounts to 171.20% from the stock.
  • YTD – Since the open of this year APPS has resulted in a return on investment of 85.25%.
  • Annually – Lastly, over the last full year, we’ve seen a change that comes to 35.06% from APPS. In this period of time, the stock has traded at a high of -1.45% and a low price of 202.68%.

Key Ratios

Digging into various ratios associated with a stock can give prospective traders an understanding of just how dangerous and/or potentially profitable a stock pick might be. Below are some of the important ratios to think about when looking at APPS.

Short Ratio – The short ratio is a tool that’s used by traders to measure the level of short interest. The higher this ratio, the more investors believe that the value of the stock is headed for declines. Throughout the sector, strong tech stocks tend to carry a lower short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, as it relates to Digital Turbine, Inc., the stock’s short ratio clocks in at 4.71.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure whether or not a company can pay for its debts when they mature with only quick assets or current assets. Because in tech, companies rely on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can be damning. However, several better companies in the tech sector come with good current and quick ratios. As it relates to APPS, the quick and current ratios add up to 0.90 and 0.90 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets that are owned by the company. In the case of Digital Turbine, Inc., that ratio equates to 0.41.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the value of shares. When it comes to APPS, the cash to share value ratio is 0.12.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in APPS, here’s what we’re seeing:

Institutions own 36.60% of the company. Institutional interest has moved by -0.52% over the past three months. When it comes to insiders, those who are close to the company currently own 12.80% percent of APPS shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

How Analysts Feel About Digital Turbine, Inc.

Although it’s rarely a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to consider their opinions when validating your own due diligence when it comes to making investment decisions in the technology space. Below are the most recent moves that we’ve seen from analysts when it comes to APPS.

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Mar-30-17 Upgrade ROTH Capital Neutral → Buy
Sep-26-16 Downgrade ROTH Capital Buy → Neutral
Aug-31-16 Upgrade Ladenburg Thalmann Neutral → Buy
Jun-14-16 Downgrade Ladenburg Thalmann Buy → Neutral
Dec-15-15 Reiterated ROTH Capital Buy $9 → $6

Earnings

What have ween seen from APPS in terms of financial results?Here is the data:

  • Analyst Expectations – As it stands, Wall Street analysts expect that APPS will generate earnings per diluted share that comes to 0.10, with 0.02 being announced in the earnings announcement for the current quarter. Although this is not based on earnings, since we are chatting about Wall St. analysts, APPS is currently rated a 0 considering a scale that ranges from 1 to 5 on which 1 is the worst possible Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – Throughout the past half decade, Digital Turbine, Inc. has announced a movement in sales that works out to 80.90%. Earnings per share through the last half decade have experienced a change of 7.30%.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is often referred to as in the world of humans, Digital Turbine, Inc. has seen a change in earnings in the amount of 78.00%. APPS has also seen movement in regard to revenue in the amount of 33.90%.

A Look At Share Counts

Traders seem to like to know the amounts of shares both available and outstanding. As it relates to Digital Turbine, Inc., there are currently 80.88M with a float of 68.52M. These numbers mean that of the total of 80.88M shares of APPS that are out there today, 68.52M are able to be traded by the public.

I also find it important to dig into the short percent. After all, when a large percentage of the float is sold short, the overall opinion in the market is that the company is headed for a steep decline. With regard to APPS, the short percentage of the float totals up to 6.82%. In general, concerning short percent of the float would be considered to be anything over 40%. In my research, I have seen that any short ratio over 26% is usually a risky play.

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