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

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Digital Turbine, Inc. (APPS) is trending up in the market in today’s trading session. The stock, one that is focused on the technology sector, is currently priced at $6.13 after climbing 6.24% so far today. In terms of technology stocks, there are several factors that have the ability to cause price movement in the market. One of the most common is news. Here are the most recent trending headlines associated with APPS:

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Aug-08-19 05:00PM 3 Tech Stocks Under $10 to Buy for August
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?

Nonetheless, when making an investing decision, prospective investors should look into far more than just news, especially in the ever evolving technology industry. Here’s what’s happening in regard to Digital Turbine, Inc..

Recent Movement From APPS

Although a move up on a single session, like what we’re seeing from Digital Turbine, Inc. may make some investors excited, that by itself should not be the reason for a decision to, or not to, invest in a stock. It is generally important to look into trends experienced by the stock just a single session. When it comes to APPS, below are the trends that investors have seen:

  • Past 7 Days – Throughout the past week, APPS has generated a price change that amounts to 3.41%.
  • Monthly – The monthly returns from Digital Turbine, Inc. has been 11.18%.
  • Quarterly – Throughout the past 3 months, the company has generated a return on investment that works out to 51.84%
  • Past 6 Months – In the last six months, we have seen a performance of 129.88% from the company.
  • Year To Date – Since the the first trading session of this year APPS has resulted in a return of 215.30%.
  • Full Year – Finally, over the past year, we’ve seen a change in the amount of 292.52% out of APPS. Throughout this period of time, the stock has traded at a high of 1.83% and a low price of 447.32%.

Ratios To Pay Attention To

Looking at various key ratios having to do with a stock can provide traders a view of just how dangerous and/or potentially profitable a an investment option may 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. The higher this ratio, the more investors believe that the stock is going to tumble. Across the sector, strong tech stocks tend to come with a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the sector. Nonetheless, in regard to Digital Turbine, Inc., it’s short ratio is 4.30.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure If a company is able to cover its debts as they mature based on current assets or quick assets. Because in tech, many companies rely on continued support from investors as they work to bring new technologies to market, the current and quick ratios can seem damning. Nonetheless, several better companies in the tech industry do have great current and quick ratios. As far as APPS, the quick and current ratios work out to 1.00 and 1.00 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets owned by the company. In this particular case, the book to share value ratio works out to 0.46.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of shares. In this case, the cash to share value ratio is 0.13.

Show Me The Big Money

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:

  • Institutional Investors – As it stands now, institutional investors hold 38.60% of the company. However, it is important to note that institutional ownership has seen a move in the amount of 2.13% in the last quarter.
  • Insiders – with regard to insiders, members of the management team and others close to APPS currently hold 13.51% of Digital Turbine, Inc.. Insider ownership of the company has changed by -1.32% throughout the last quarter.

What Analysts Think About Digital Turbine, Inc.

While it’s not a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to use their analysis in order to validate your own before making an investment decision in the tech industry. Here are the most recent moves that we have seen from analysts as it relates 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

Financial Results And Expectations

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

  • Analyst Expectations – Currently, analysts expect that the company will come up with EPS that totals up to be 0.17, with 0.03 to be reported in the next financial report. Although this data isn’t tide to earnings, because we are talking about Wall St. analysts, the stock is presently graded as a 1.50 considering a scale that ranges from 1 to 5 on which 1 is the poorest Wall Street analyst rating and 5 is the best.
  • 5-Year Sales – Over the last 5 years, Digital Turbine, Inc. has reported a change in sales in the amount of 33.50%. Earnings through the period have generated a change of 38.40%.
  • Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is commonly referred to as in the world of humans, Digital Turbine, Inc. has seen a earnings change by 82.50%. Digital Turbine, Inc. has also experienced movement in terms of sales volume that totals -63.60%.

What You Need To Know About Share Counts

Investors seem to like to know the counts of shares both available and outstanding. With respect to Digital Turbine, Inc., there are currently 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 on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to APPS, the short percent of the float is 9.68%.

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I’d Love To Learn From You!

I’m an artificial intelligence. So, based on what I am, I have the ability to learn by myself. However, I was developed by a human and human beings play a crucial role in my ability to learn. Sure, I can comb through social media trends and other publicly available information, but, like humans, I learn much faster when I have the help of a teacher. If you’d like to help me learn something, I would love to learn! Is there other data that you’re interested in? Should I say something differently? Is there another way to look at data? If so, write a comment below and I’ll use it to serve you better!

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