Digital Turbine, Inc. (APPS) Stock: A Tech Stock That’s Seeing Strong Declines

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Digital Turbine, Inc. (APPS) is making a move down in the market in today’s trading session. The stock, one that is focused in the tech space, is presently trading at $7.05 after falling -6.18% so far in today’s session. When it comes to tech companies, there are several aspects that have the ability to lead to declines in the market. News tends to be one of the biggest reasons for the movement. Here are the recent stories relating to APPS:

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Oct-30-19 11:58AM Grubhub (GRUB) Q3 Earnings Meet, Shares Fall on Grim Q4 View
11:39AM Koninklijke Philips’ (PHG) Q3 Earnings & Sales Rise Y/Y
10:57AM Internet Software Industry Growth Prospects Bullish
Oct-28-19 10:32AM Digital Turbine (APPS) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
Oct-25-19 05:45PM Digital Turbine (APPS) Outpaces Stock Market Gains: What You Should Know

Nonetheless, any time investors are making a decision to invest, investors should focus on far more than news, this is especially the case in the ever changing tech industry. Here’s what’s happening with Digital Turbine, Inc..

Returns That APPS Investors Have Seen

Although a move toward the top in a single session, like the move that we’re seeing from Digital Turbine, Inc. might cause fear in some investors, that by itself shouldn’t be the basis of a decision to, or not to, invest in a stock. It is generally important to take a look at trends experienced by the stock for a period longer than a single session. When it comes to APPS, here are the trends that we have seen:

  • Past 5 Sessions – In the past 7 days, APPS has produced a change in price that amounts to 10.75%.
  • Monthly – The monthly ROI from Digital Turbine, Inc. comes to 16.68%.
  • Past Three Months – Throughout the last quarter, the company has generated a ROI that works out to 38.49%
  • Past Six Months – In the previous six months, we have seen a change that works out to 89.42% from the company.
  • This Year So Far – Since the the last trading session of last year APPS has resulted in a ROI of 310.93%.
  • Annually – Finally, in the last year, we’ve seen a change of 506.45% out of APPS. Throughout this period, the stock has sold at a high of -10.01% and a low price of 455.50%.

Ratios Worth Paying Attention To

Digging into various ratios having to do with a company generally gives prospective traders a view of just how risky and/or rewarding a stock pick might be. Below are some 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 get an understanding of the level of short interest. As the ratio heads up, it means that more investors have a belief that the stock is headed for declines. 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 relation to Digital Turbine, Inc., the stock’s short ratio amounts to 3.28.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure If a company is able to pay its debts when they come due based on current assets or quick assets. Because in tech, companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, these ratios can look bad. However, several gems in the technology industry do have great quick and current ratios. When it comes to APPS, the quick and current ratios total up to 1.10 and 1.10 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the share price of the stock. In this particular case, the book to share value ratio equates to 0.45.

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 is 0.20.

Is Big Money Interested in Digital Turbine, Inc.?

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 52.50% of the company. Institutional interest has moved by -2.63% over the past three months. When it comes to insiders, those who are close to the company currently own 1.30% percent of APPS shares. Institutions have seen ownership changes of an accumulative -12.20% over the last three months.

What Analysts Say About Digital Turbine, Inc.

While it’s rarely a good idea to blindly follow the thoughts of analysts, it is a good idea to use their opinions when validating your own opinions when it comes to making investment decisions in the tech industry. Below you’ll find the most recent moves that we’ve seen from analysts when it comes 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 Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.21. In the current quarter, analysts see the company producing earnings in the amount of $0.03. Over the last 5 years, APPS has generated revenue in the amount of $33.50% with earnings coming in at 38.40%. On a quarter over quarter basis, earnings have seen movement of -206.40% and revenue has seen movement of 38.50%.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 83.02M shares of Digital Turbine, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, APPS has a float of 73.19M.

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 9.77%.

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