APPS stock: buy or sell?
August 23rd, 2019
Digital Turbine, Inc., through its subsidiaries, provides media and mobile communication solutions for mobile operators, app advertisers, device original equipment manufacturers, and other third parties worldwide.
Should I buy APPS stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Digital Turbine stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Digital Turbine stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we detected 3 ratings published for APPS stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-6-4||LADENBURG THALM/SH SH||n/a||Buy|
APPS stock analysis
After climbing for 4 days, Friday Digital Turbine collapsed a terrible -3.48%, closing at $7.22.
After climbing for 4 sessions, Friday Digital Turbine collapsed a terrible -3.48%, closing at $7.22. From a daily perspective, APPS is in a short term uptrend after plotting its last bottom ($5.82, on August/15) higher than the previous bottom, and its last top ($7.81, yesterday) also over the previous top. Now trading in between its last bottom and last top APPS might consolidate in a plain range, waiting to break out over $7.81 or down under $5.82. On June APPS price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
Shares of Digital Turbine ended this week at $7.22 and boosted a super good 10.74%. This week was the fifth green week in a row.
Digital Turbine shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom late July, APPS stock climbed unceasignly breaking out above its last top at $5.54. Since early January when SMA20w and SMA40w crossed up, APPS price gained $5.07 per share (235.81%). Late November 2018 APPS price bounced up over the SMA of 40 weeks that acted as support stopping new slides.
APPS stock price history
APPS IPO was on July 6th, 2006 at $2.10 per share1. Since then, APPS stock surged a 243.80%, with a yearly average of 18.80%. If you had invested $1,000 in APPS stock in 2006, it would worth $2,438.00 today.
1: Adjusted price after possible price splits or reverse-splits.
APPS stock historical price chart
APPS stock reached 52-week highs yesterday at $7.81, and all-time highs 2008-03-31 with a price of 32.5.
APPS stock price target is $5.70Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 3 price forecasts for Digital Turbine stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-6-4||LADENBURG THALM/SH SH||Raises Target||$4.50||$5.10||13.3%|
|2019-6-19||B. Riley||Raises Target||$6.00||$6.00||0%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Digital Turbine reported its latest financial data, posting a super good climb for the Earnings per Share (EPS) ratio. Analyst were expecting $0.01 per share, but Digital Turbine posted $0.03.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw an astounding growth of 85.92% to $74.75 million USD. Instead, its earnings margin (compared to revenues) collapsed to -70.71%, that is $-52.86 million. To have an up to date view of the financial situation of Digital Turbine, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q4 that can be compared to 2018 fiscal year results. Annual Digital Turbine TTM sales up to December 2018 were $97.34 and income was $-37.58 million USD. If we compare this TTM figures with the last reported annuality, we can esteem Digital Turbine business evolution since March 2018: Annual turnover up to December, compared to lastest yearly report, skyrocketed a super good 30.22%. Regarding profit margin, Digital Turbine boosted 32.11% to -70.71%
|2013||$6.03 M||-||$-14.16 M-234.8%||-|
|2014||$24 M||304.64%||$-17.20 M-70.5%||21.47%|
|2015||$28 M||15.79%||$-24.65 M-87.2%||43.30%|
|2016||$87 M||206.32%||$-28.03 M-32.4%||13.73%|
|2017||$40 M||-53.54%||$-24.26 M-60.3%||-13.44%|
|2018||$75 M||85.92%||$-52.86 M-70.7%||117.84%|
|TTM||$97 M||30.22%||$-37.58 M-38.6%||-28.91%|
Quarterly financial resultsDigital Turbine reported $30.41 M in revenues for 2018-Q4, a 27.49% improvement compared to previous quarter. Reported quarter earnings marked $-1.35 M with a profit margin of -4.43%. Profit margin plunged a -11.61% compared to previous quarter when profit margin was 7.18%. When comparing turnover to same quarter last year, Digital Turbine sales marked a spooky decrease and plummed a -20.04%. Looking back to recent quarterly results, Digital Turbine posted 3 negative quarters in a row.
|2017-Q1||$22 M||-||$-6.93 M-30.9%||-|
|2017-Q2||$26 M||16.61%||$-4.18 M-16.0%||-39.68%|
|2017-Q3||$28 M||6.78%||$-6.46 M-23.2%||54.50%|
|2017-Q4||$38 M||36.36%||$-3.80 M-10.0%||-41.17%|
|2018-Q1||$21 M||-44.88%||$-38.43 M-183.3%||911.45%|
|2018-Q2||$22 M||5.49%||$0.48 M2.2%||-101.26%|
|2018-Q3||$24 M||7.88%||$1.71 M7.2%||253.72%|
|2018-Q4||$30 M||27.49%||$-1.35 M-4.4%||-178.74%|
Digital Turbine ownershipWhen you are planning to invest in a stock, it's worth to have a look its ownership structure.
Digital Turbine shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 13.51% of all shares.
In case of Digital Turbine stock, 36.72% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for APPS stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Digital Turbine:
|Market cap||$599.3 M||$1.7 B||$8.8 B||$9.0 M||$92.0 M|
|Total shares||83.0 M||33.2 M||137.1 M||12.2 M||25.3 M|
|Float shares||63.0 M||28.8 M||136.5 M||7.8 M||17.1 M|
|- Institutional holdings (%)||36.7%||101.4%||98.2%||34.6%||51.9%|
|- Insider holdings (%)||13.5%||2.2%||0.0%||32.5%||9.8%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$7.15 - $7.73|
|Average true range||$0.62|
|50d mov avg||$5.50|
|100d mov avg||$4.70|
|200d mov avg||$3.55|
Digital Turbine performanceTo better understand Digital Turbine performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare Digital Turbine performance to CSG Systems International, Amdocs, Evolving Systems, Great Elm Capital, MIND C.T.I, Smith Micro Software and Synchronoss Technologies:
|CSGSCSG Systems Inter...||14.71%||23.52%||42.99%|
|GECGreat Elm Capital||-2.94%||3.71%||19.02%|
|SMSISmith Micro Softw...||109.21%||231.25%||163.90%|