Stocks of Digital Turbine Inc (NASDAQ:APPS) traded higher last session on Wall Street, down -2.87% to $4.06.
APPS stock price is now 93.91% away from the 50-day moving average and 16.52% away from the 200-day moving average. The market capitalization of the company currently stands at $417.29M.
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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, Karish Jeff, Director bought 5,000 shares of the company’s stock on Sep 15 ’23. The stock was bought for $34,250 at an average price of $6.85. Upon completion of the transaction, the Director now directly owns 343,493 shares in the company, valued at $1.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15 ’23, Director DEUTSCHMAN ROBERT M bought 20,000 shares of the business’s stock. A total of $136,800 was incurred on buying the stock at an average price of $6.84. This leaves the insider owning 370,055 shares of the company worth $1.5 million. A total of 11.09% 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 $9.21. 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 $2.143 and a two-hundred day moving average price translates $3.4825 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.
