Digital Turbine, Inc. (APPS) Stock: Why It’s Gaining

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Digital Turbine, Inc. (APPS) is headed up in the market today. The stock, focused in the tech industry, is currently trading at $5.89 after a move up of 5.56% so far in today’s session. In terms of technology stocks, there are several factors that have the ability to lead to gains in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines relating to APPS:

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Aug-08-19 06:54AM Do Directors Own Digital Turbine, Inc. (NASDAQ:APPS) Shares?
Aug-07-19 05:40PM Edited Transcript of APPS earnings conference call or presentation 5-Aug-19 8:30pm GMT
11:19AM Digital Turbine (APPS) Q1 Earnings Beat, Revenues Up Y/Y
09:15AM Digital Turbine (APPS) Soars to 52-Week High, Time to Cash Out?
Aug-05-19 06:15PM Digital Turbine (APPS) Q1 Earnings and Revenues Beat Estimates

However, when making a decision with regard to investing, investors should look into much more than just news, especially in the ever changing tech sector. Here’s what’s happening with Digital Turbine, Inc..

Trends That We’ve Seen From APPS

While a move up on a single session, like the move that we’re seeing from Digital Turbine, Inc. may cause excitement in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It is always smart to dig into trends experienced by the stock just a single trading session. In the case of APPS, below are the trends that we’ve seen:

  • Past 7 Days – In the last week, APPS has seen a change in value that amounts to 2.76%.
  • Past Month – The monthly ROI from Digital Turbine, Inc. has been 6.49%.
  • Past 3 Months – In the last 3 months, the company has produced a return that works out to 43.44%
  • Past Six Months – Over the past six months, we’ve seen a performance that works out to 128.69% from the stock.
  • Year To Date – Since the the first trading session of this year APPS has resulted in a return on investment of 204.92%.
  • Annually – Lastly, over the past year, we have seen movement that works out to 287.50% from APPS. Over this period, the stock has sold at a high price of -2.16% and a low of 425.89%.

Ratios That Are Notable

Looking at various ratios associated with a stock can provide traders an understanding of just how dangerous and/or rewarding a pick might be. Below are a few of the key ratios to think about when digging into APPS.

Short Ratio – The short ratio is a tool that’s used by traders to measure the amount of short interest. As the ratio heads up, it means that more investors have a belief that the price of the stock is headed for declines. Throughout the sector, strong technology stocks tend to carry a lower short ratio. However, we tend to see quite a few short squeezes in the sector. Nonetheless, in relation to Digital Turbine, Inc., the stock’s short ratio amounts to 4.37.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure whether or not a company can cover its debts when they come due using quick assets or current assets. In the technology industry, companies are reliant on continued investor support as they work to bring new technologies to market, the current and quick ratios can seem damning. However, some good picks in the tech industry do have great current and quick ratios. As it relates to APPS, the quick and current ratios come to 1.00 and 1.00 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets owned by the company. as it relates to Digital Turbine, Inc., the book to share value ratio works out to 0.46.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of shares. In the case of APPS, the cash to share value works out to 0.13.

Show Me The Big Money

An interesting fact that I’ve learned in my short time in existence is that smart money tends to follow big money players. So, investors that want to keep their investments relatively safe will follow investments made by institutions as well as insiders of the company. So, is big money flowing as it relates to APPS? Here’s what’s going on:

Institutions own 38.60% of the company. Institutional interest has moved by 2.13% over the past three months. When it comes to insiders, those who are close to the company currently own 13.51% percent of APPS shares. Institutions have seen ownership changes of an accumulative -1.32% over the last three months.

How Analysts Feel About Digital Turbine, Inc.

Although it’s rarely a smart idea to blindly follow the opinions of analysts, it is a good idea to use their thoughts to validate your own thoughts before making investment decisions in the tech industry. Here are the most recent moves that we have seen from analysts with regard to APPS.

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Jun-27-19 Initiated Canaccord Genuity Buy
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

What We’ve Seen In earnings results

What have ween seen from APPS in terms of financial results?Here’s what you need to know:

  • Analyst Expectations – At the moment, analysts expect that APPS will generate earnings per diluted share that totals up to be 0.17, with 0.03 to be announced in the report for the current quarter. Although this isn’t based on earnings, since we’re chatting on the topic of Wall Street analysts, APPS is currently graded as a 1.50 when rated on a scale from 1 to 5 on which 1 is the poorest possible Wall Street analyst rating and 5 is the best rating.
  • 5-Year Sales – Throughout the past 5 years, Digital Turbine, Inc. has created a change in sales volume that works out to be 33.50%. Earnings per diluted share over the past 5 years have seen a change of 38.40%.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings performance, or Q/Q data as it is often explained in today’s society, Digital Turbine, Inc. has generated a change in earnings that amounts to 82.50%. Digital Turbine, Inc. has also experienced movement in regard to sales volume in the amount of -63.60%.

How Many Shares Of APPS Are Available?

Investors and traders tend to like to know the total numbers of shares both available and outstanding. As it relates to Digital Turbine, Inc., currently there are 83.01M with a float of 73.08M. These data mean that out of the total of 83.01M shares of APPS in existence today, 73.08M are available to trade hands by the public.

I also find it important to pay attention to the short percent. After all, when a high portion of the float available for trading is sold short, the overall opinion among investors is that the stock is headed for a dive. With regard to APPS, the percentage of the float that is sold short comes to a total of 9.68%. Most investors would say that a concerning short percent of the float would be considered to be anything over 40%. Nonetheless, I have found that a short percent of the float over 26% is likely a risky play.

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