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Digital Turbine Inc. (APPS) Stock Value: To sell or not to sell?

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Craig Hallum raised the price target for the Digital Turbine Inc. (NASDAQ:APPS) stock to “a Buy”. The rating was released on February 26, 2021. We previously noted in another research note published on February 04, 2021 by Maxim Group that reiterated the stock to a Buy with a price target of $85 for APPS stock. The research report from Craig Hallum has reiterated the stock to Buy, with a price target set at $80. The stock was initiated by Maxim Group, who disclosed in a research note on January 22, 2021, to Buy and set the price objective to $75. In their research brief published December 21, 2020, Canaccord Genuity analysts downgraded the Digital Turbine Inc. stock from Buy to Hold with a price target of $60.

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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.21 during the last quarter as opposed to a consensus estimate of $0.17, which indicates the company beat its estimate by $0.04, which implies that the company surprised the market by 23.50%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is $0.18. This is an average of 5 analysts’ earnings, where the high earnings per share estimate is $0.2 and the low earnings per share estimate is $0.16. According to 5 analyst estimates, an average revenue estimate of $82.83M is projected for the current quarter with a high revenue estimate of $86.82M and a low estimate of $80.7M.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Digital Turbine Inc. (NASDAQ:APPS) raised 4.62% to close Wednesday’s market session at $73.16, higher as compared to yesterday’s close. The stock price fluctuated between $67.27 and $73.83 throughout the trading session with the volume trading being 3718540 shares, which represented a significant variation when compared to the three months average volume of 4.12 million shares. The firm’s stock price fluctuated -13.01% within the last five trades and -18.12% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 100.82% in the last 6 months and 13.66% was added to its value over the previous 3 months. APPS stock is trading at a margin of -8.37%, -10.21% and 54.09% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, APPS deals in the Technology domain. The stock is trading -28.67 percent below its 52-week high and 1343.00 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 213.09. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Digital Turbine Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 17.90 percent and the profit margin is 15.00 percent, and the company has reported a gross margin of 42.20 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $6.80 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Digital Turbine Inc. (NASDAQ:APPS) is 175.02. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 79.01. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 26.39 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 58.06, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.30 percent of Digital Turbine Inc. shares are owned by insiders, and 65.10 percent are held by financial institutions. WESCH DAVID, the Chief Accounting Officer at Digital Turbine Inc. (APPS) has sold 25,000 shares of firm on Feb 08 at a price of $88.23 against the total amount of $2.21 million. In another inside trade, Rogers Christopher Thomas, Director of Digital Turbine Inc. (NASDAQ:APPS) sold 30,000 shares of the firm on Jan 04 for a total worth of $1.59 million at a price of $53.01. An inside trade which took place on Dec 28, Director of Digital Turbine Inc. GYANI MOHAN S bought 687 shares of firm against total price of $39070.0 at the cost of $56.87 per share.

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