Digital Turbine Inc. (NASDAQ:APPS) shares traded lower over the last trading session, losing -1.18% on 05/21/21. The shares fell to a low of $61.81 before closing at $61.87. Intraday shares traded counted 1.95 million, which was 48.79% higher than its 30-day average trading volume of 3.81M. APPS’s previous close was $62.61 while the outstanding shares total 89.00M. The firm has a beta of 2.39, a 12-month trailing P/E ratio of 148.01, and a growth ratio of 2.96. The stock’s Relative Strength Index (RSI) is 42.42, with weekly volatility at 5.56% and ATR at 4.87. The APPS stock’s 52-week price range has touched low of $5.68 and a $102.56 high.
Investors have identified the Software – Application company Digital Turbine Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.60 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Digital Turbine Inc. (APPS) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 104.64 million total, with 98.46 million as their total liabilities.
APPS were able to record 42.07 million as free cash flow during the 08/12/2021 quarter of the year, this saw their quarterly net cash flow reduce by 22.0 million. In cash movements, the company had a total of 48.61 million as operating cash flow.
Potential earnings growth for Digital Turbine Inc. (APPS)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/12/2021 quarter of the year, Digital Turbine Inc. recorded a total of 88.59 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 59.35% coming in sequential stages and their sales for the 08/12/2021 quarter increasing by 19.98%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 50.89 million trying to sell their products during the last quarter, with the result yielding a gross income of 37.7 million. This allows shareholders to hold on to 89.00M with the recently reported earning now reading 0.16 cents per share. This is a figure that compared to analyst’s prediction for their 08/12/2021 (0.21 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.05 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on APPS sounds very interesting.
Is the stock of APPS attractive?
In related news, Chief Accounting Officer, WESCH DAVID sold 25,000 shares of the company’s stock in a transaction that recorded on Feb 08. The sale was performed at an average price of 88.23, for a total value of 2,205,750. As the sale deal closes, the Director, Rogers Christopher Thomas now sold 30,000 shares of the company’s stock, valued at 1,590,300. Also, Director, GYANI MOHAN S bought 687 shares of the company’s stock in a deal that was recorded on Dec 28. The shares were price at an average price of 56.87 per share, with a total market value of 39,070. Following this completion of acquisition, the Director, DEUTSCHMAN ROBERT M now holds 200,000 shares of the company’s stock, valued at 8,128,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
5 out of 6 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Digital Turbine Inc.. 0 analysts has assigned a Sell rating on the APPS stock. The 12-month mean consensus price target for the company’s shares has been set at $103.20.