APPS Stock Summary and Trading Ideas (Digital Turbine | NASDAQ:APPS)

Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Media (ODM); In App Media-AdColony; and In App Media-Fyber. The company derives key revenue from the ODM segment by providing solutions to all participants in the mobile application ecosystem who want to connect with end users and consumers who hold the device, including mobile carriers and device original equipment manufacturers (OEMs) that participate in the app economy, app publishers and developers, and brands and advertising agencies. It has a global business presence.

Digital Turbine trades on the NASDAQ stock market under the symbol APPS.

As of April 19, 2024, APPS stock price declined to $1.85 with 1,488,413 million shares trading.

APPS has a beta of 2.13, meaning it tends to be more sensitive to market movements. APPS has a correlation of 0.11 to the broad based SPY ETF.

APPS has a market cap of $188.74 million. This is considered a Micro Cap stock.

Last quarter Digital Turbine reported $143 million in Revenue and $.15 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.02.

In the last 3 years, APPS stock traded as high as $93.98 and as low as $1.78.

The top ETF exchange traded funds that APPS belongs to (by Net Assets): VTI, VGT, IWM, VXF, VB.

APPS has underperformed the market in the last year with a price return of -85.3% while the SPY ETF gained +21.2%. APPS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -65.4% and -14.7%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

APPS support price is $1.82 and resistance is $2.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that APPS stock will trade within this expected range on the day.