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 Solutions and App Growth Platform.

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

As of November 4, 2024, APPS stock price declined to $3.14 with 2,168,024 million shares trading.

APPS has a beta of 1.77, meaning it tends to be more sensitive to market movements. APPS has a correlation of 0.04 to the broad based SPY ETF.

APPS has a market cap of $322.72 million. This is considered a Small Cap stock.

Last quarter Digital Turbine reported $118 million in Revenue and $.07 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.04.

In the last 3 years, APPS traded as high as $92.40 and as low as $1.39.

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

APPS has underperformed the market in the last year with a price return of -29.3% while the SPY ETF gained +36.5%. However, in the short term, APPS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +42.1% vs +5.3% return in SPY. But in the last 2 weeks, APPS shares have been beat by the market, returning -5.1% compared to an SPY return of -2.5%.

APPS support price is $2.97 and resistance is $3.35 (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 shares will trade within this expected range on the day.