In yesterday’s Wall Street session, Digital Turbine Inc (NASDAQ:APPS) shares traded at $3.12, up 8.33% from the previous session.
APPS stock price is now 66.95% away from the 50-day moving average and -11.73% away from the 200-day moving average. The market capitalization of the company currently stands at $320.67M.
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With the price target reduced from $10 to $5, Craig Hallum maintained Buy rating for Digital Turbine Inc (NASDAQ: APPS). On February 08, 2024, Craig Hallum reiterated its ‘Buy’ rating on the stock by increasing its target price from $12 to quote $10, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, DEUTSCHMAN ROBERT M, Director bought 20,000 shares of the company’s stock on Sep 15 ’23. The stock was bought for $136,800 at an average price of $6.84. Upon completion of the transaction, the Director now directly owns 370,055 shares in the company, valued at $1.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15 ’23, Director GYANI MOHAN S bought 20,000 shares of the business’s stock. A total of $134,600 was incurred on buying the stock at an average price of $6.73. This leaves the insider owning 49,971 shares of the company worth $0.16 million. A total of 11.10% of the company’s stock is owned by insiders.
During the past 12 months, Digital Turbine Inc has had a low of $1.39 and a high of $10.00. As of last week, the company has a debt-to-equity ratio of 2.04, a current ratio of 1.05, and a quick ratio of 1.05. The fifty day moving average price for APPS is $1.894 and a two-hundred day moving average price translates $3.52595 for the stock.
The latest earnings results from Digital Turbine Inc (NASDAQ: APPS) was released for 2024-06-30. The net profit margin was -84.71% and return on equity was -110.02% for APPS. The company reported revenue of $117.99 million for the quarter, compared to $146.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.39 percent.
