APPS stock: buy or sell?

APPS stock price: $8.39 2.19% At close on November 19th, 2019

Updated on:
November 19th, 2019

3

Digital Turbine shares rose 2.19% to $8.39 today. On Nov/12 APPS rocketed an exceptional 11.58%.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. 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.

Check the only buy setup that matches with Digital Turbine stock now:

Buy setupElegible
New all-time highNo
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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 gathered 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

Digital Turbine shares rose 2.19% to $8.39 today.

Digital Turbine shares rose 2.19% to $8.39 today. From a daily perspective, APPS is in a short term uptrend after plotting its last bottom ($6.31, on November/5) higher than the previous bottom, and its last top ($8.51, on Wednesday) 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 $8.51 or down under $6.31. Since last Oct/22 when APPS stock price broke up the SMA50d line, it gained $1.63 (24.11%).

APPS stock chart (daily)

Weekly outlook

Digital Turbine ended this week at $8.39 and climbed a great 5.40%. Counting this, it's been 3 green weeks in a row, gaining $1.35 or 18.67%.

Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $7.78 resistance. Since early January when SMA20w and SMA40w crossed up, APPS price gained $6.24 per share (290.23%). Since late November 2018 when APPS stock price broke up the SMA40w line, it gained $6.79 (424.38%).

APPS stock chart (weekly)

APPS stock price history

APPS stock went public on July 6th, 2006 with a price of $2.101. Since then, APPS stock grew a 299.50%, with an average of 23.00% per year. If you had invested $1,000 in APPS stock in 2006, it would worth $2,995.00 today.

1: Adjusted price after possible price splits or reverse-splits.

APPS stock historical price chart

APPS stock reached 52-week highs today at $8.54, 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, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' APPS stock price predictions in the hope that they will be met as they may be wrong and not met. We detected 3 price targets for Digital Turbine stock published in the last month:
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 target for Digital Turbine stock is $5.70, moving in a range between $6.00 and $5.10. In average, analysts' outlook on APPS price target is positive, improving 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 growth for the Earnings per Share (EPS). Experts 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

In 2018, Digital Turbine annual revenues skyrocketed a super good 85.92% to $74.75 million USD from $40.21 marked in 2017. Instead, its earnings margin (compared to revenues) plunged to -70.71%, that is $-52.86 million.

To have an updated picture 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 earnings were $-37.58 M dollars. When comparing this TTM figures with the last reported annuality, we can review Digital Turbine business evolution since March 2018: Annual turnover up to December, compared to lastest yearly report, rocketed an extraordinary 30.22%. Similarly, profit margin (net income/sales) climbed at -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 posted $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 collapsed a -11.61% compared to previous quarter when profit margin was 7.18%. When comparing revenues to same quarter last year, Digital Turbine sales marked a chilling drop down and plummed a -20.04%. Looking back to recent quarterly results, Digital Turbine posted 3 positive 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 buy shares of a company, it's always worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Digital Turbine, 13.51% of all outstanding shares are owned by its staff.

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.

For a better understanding, the next table shows ownership data compared to other related stocks:

APPSCSGSDOXEVOLGEC
Market cap$719.9 M$1.9 B$9.4 B$11.9 M$79.4 M
Total shares85.8 M33.0 M135.9 M12.2 M25.4 M
Float shares65.8 M28.7 M135.9 M7.8 M19.6 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

Tuesday, November 19th, 2019
Open$8.32
Close$8.39
Day range$8.09 - $8.54
Previous close$8.21
Session gain2.19%
Average true range$0.47
50d mov avg$6.92
100d mov avg$6.49
200d mov avg$5.09
Daily patternlt06a
Weekly pattern lb02c

Digital Turbine performance

To better understand Digital Turbine performance you must compare its gains with other related stocks in same sector or industry. For Digital Turbine, the comparison is made against CSG Systems International, Amdocs, Evolving Systems, Great Elm Capital, MIND C.T.I, Smith Micro Software and Synchronoss Technologies.
Stock3m6m12m
APPSDigital Turbine16.20%117.36%424.38%
CSGSCSG Systems Inter...12.47%29.00%68.54%
DOXAmdocs9.37%15.80%9.34%
EVOLEvolving Systems32.43%8.89%-32.41%
GECGreat Elm Capital-13.77%-16.31%-14.48%
MNDOMIND C.T.I4.98%5.94%14.29%
SMSISmith Micro Softw...-30.19%46.05%88.14%
SNCRSynchronoss Techn...-45.22%-33.18%-27.47%

Digital Turbine competitors

One check before trading any stock is to review a list of its competitors, in this case for Digital Turbine. We selected 7 companies as Digital Turbine competitors as they are in the same industry or have similar market objectives.