APPS stock: buy or sell?

APPS stock price: $7.22 -3.48% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

3

After climbing for 4 days, Friday Digital Turbine collapsed a terrible -3.48%, closing at $7.22. On Aug/21 APPS rocketed an amazing 8.43%. On Aug/15 APPS plummed a frightening -6.89%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean APPS will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.

Is APPS a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-4LADENBURG THALM/SH SHn/aBuy
2019-6-27Canaccord Genuityn/aBuy
2019-6-19B. Rileyn/aBuy

APPS stock analysis

Daily outlook

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.

APPS stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $5.70

Nobody 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:
APPS stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-6-4LADENBURG THALM/SH SHRaises Target$4.50$5.1013.3%
2019-6-27Canaccord GenuityInitiatesn/a$6.00-
2019-6-19B. RileyRaises Target$6.00$6.000%
(in average)$5.30$5.708.0%
The price prediction for Digital Turbine stock is $5.70, moving in a range between $6.00 and $5.10. In average, analysts' outlook on APPS price forecast is positive, upgrading the target by a 8.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
APPS earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.1n/a
2017-Q2-n/a-0.06n/a
2017-Q3-n/a-0.09n/a
2017-Q4-n/a-0.05n/a
2018-Q12018-06-12-0.03n/an/a
2018-Q22018-08-09-0.02-0.01n/a
2018-Q32018-11-05-0.02n/an/a
2018-Q42019-02-050.010.03200.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared 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%

APPS annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$6.03 M-$-14.16 M-234.8%-
2014$24 M304.64%$-17.20 M-70.5%21.47%
2015$28 M15.79%$-24.65 M-87.2%43.30%
2016$87 M206.32%$-28.03 M-32.4%13.73%
2017$40 M-53.54%$-24.26 M-60.3%-13.44%
2018$75 M85.92%$-52.86 M-70.7%117.84%
TTM $97 M30.22%$-37.58 M-38.6%-28.91%

Quarterly financial results

Digital 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.
APPS quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$22 M-$-6.93 M-30.9%-
2017-Q2$26 M16.61%$-4.18 M-16.0%-39.68%
2017-Q3$28 M6.78%$-6.46 M-23.2%54.50%
2017-Q4$38 M36.36%$-3.80 M-10.0%-41.17%
2018-Q1$21 M-44.88%$-38.43 M-183.3%911.45%
2018-Q2$22 M5.49%$0.48 M2.2%-101.26%
2018-Q3$24 M7.88%$1.71 M7.2%253.72%
2018-Q4$30 M27.49%$-1.35 M-4.4%-178.74%

Digital Turbine ownership

When 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:

APPSCSGSDOXEVOLGEC
Market cap$599.3 M$1.7 B$8.8 B$9.0 M$92.0 M
Total shares83.0 M33.2 M137.1 M12.2 M25.3 M
Float shares63.0 M28.8 M136.5 M7.8 M17.1 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 selling0.0%0.0%0.0%0.0%0.0%

APPS summary

Friday, August 23rd, 2019
Open$7.45
Close$7.22
Day range$7.15 - $7.73
Previous close$7.48
Session gain-3.48%
Average true range$0.62
50d mov avg$5.50
100d mov avg$4.70
200d mov avg$3.55
Daily patternlt06a
Weekly pattern lb03c

Digital Turbine performance

To 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:
Stock3m6m12m
APPSDigital Turbine87.05%125.63%419.42%
CSGSCSG Systems Inter...14.71%23.52%42.99%
DOXAmdocs6.89%14.38%0.77%
EVOLEvolving Systems-17.78%-45.19%-68.51%
GECGreat Elm Capital-2.94%3.71%19.02%
MNDOMIND C.T.I0.91%0.00%9.95%
SMSISmith Micro Softw...109.21%231.25%163.90%
SNCRSynchronoss Techn...21.97%0.50%41.98%

Digital Turbine competitors

We selected a few stocks to conform a list of Digital Turbine competitors to watch if you are interested in investing in APPS: