Estimating Price Trends For Digital Turbine Inc (NASDAQ: APPS)

Digital Turbine Inc (NASDAQ:APPS) does about 2.44M shares in volume on a normal day but saw 2434323 shares change hands in Friday’s trading. The company now has a market cap of 164.02M USD. Its current market price is $1.60, marking a decrease of -3.03% compared to the previous close of $1.65. The 52 week high reached by this stock is $11.46 whilst the lowest price level in 52 weeks is $1.57.

Digital Turbine Inc (APPS) has a 20-day trading average at $2.1050 and the current price is -86.04% off the 52-week high compared with 1.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.0730 and its 200-day simple moving average is $4.5620. If we look at the stock’s price movements over the week, volatility stands at 8.64%, which decreases to 8.63% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 32.66 to suggest the stock is neutral.

The consensus objective for the share price is $3.25, suggesting that the stock has a potential upside of 50.77% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 29, 2024 when Craig Hallum reiterated the stock to “Buy” and issued a price target of between $10 and $5. BofA Securities downgraded its price target at $12-$8.

Digital Turbine Inc (APPS) stock is down -15.34% over the week and -24.88% over the past month. Its price is -76.68% year-to-date and -82.78% over the past year.

To reach the target analysts have set, the stock logically needs to grow 50.77 percent from here.

The company has a return on investment of -69.62% and return on equity of -102.60%. The forward price to earnings ratio is 3.15. The beta has a value of 2.53. Price to book ratio is 0.76 and price to sales ratio is 0.30.