Digital Turbine Inc (NASDAQ:APPS) shares traded 18.18% higher at $1.43 on Wall Street last session.
APPS stock price is now -48.02% away from the 50-day moving average and -43.83% away from the 200-day moving average. The market capitalization of the company currently stands at $148.33M.
With the price target maintained at $1, BofA Securities recently Downgraded its rating from Neutral to Underperform for Digital Turbine Inc (NASDAQ: APPS). On May 29, 2024, Craig Hallum reiterated its ‘Buy’ rating on the stock by increasing its target price from $10 to quote $5, 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 Nov 19 ’24. The stock was bought for $24,600 at an average price of $1.23. Upon completion of the transaction, the Director now directly owns 591,216 shares in the company, valued at $0.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Chief Executive Officer STONE WILLIAM GORDON III bought 100,000 shares of the business’s stock. A total of $122,000 was incurred on buying the stock at an average price of $1.22. This leaves the insider owning 1,671,919 shares of the company worth $2.39 million. A total of 11.47% of the company’s stock is owned by insiders.
During the past 12 months, Digital Turbine Inc has had a low of $1.18 and a high of $7.32. As of last week, the company has a debt-to-equity ratio of 2.28, a current ratio of 1.09, and a quick ratio of 1.09. The fifty day moving average price for APPS is $2.7512 and a two-hundred day moving average price translates $2.5457 for the stock.
The latest earnings results from Digital Turbine Inc (NASDAQ: APPS) was released for 2024-09-30. The net profit margin was -61.17% and return on equity was -95.43% for APPS. The company reported revenue of $118.73 million for the quarter, compared to $143.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.12 percent.
