The Latest Correction Seems To Be Justified? Digital Turbine, Inc. (APPS)

    SCHAEFFER PAUL M, Director, subtracted 118,153 shares of Digital Turbine, Inc. (APPS) from its portfolio at the rate of $4.45 per share valuing $525,403 on Jun 10. The insider left behind 503,003 shares of the company to its portfolio. Currently, the 1st Resistance Point for this stock is $6.88, with a 2nd Resistance Point sitting at $7.00. Meanwhile, this company’s stock has a 1st Support Level at $6.67 and a 2nd Support Level at $6.59. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Digital Turbine, Inc. (APPS) was $6.76. Digital Turbine, Inc. (APPS) stock has lost -$0.71, or -9.50%, in the past five days. In the last full month, these shares have gained $0.19, or 2.89%. In the past three months, this stock’s price has risen by $2.12, or 45.69%. This year-to-date, Digital Turbine, Inc. (APPS) shares have gained $4.93, or 269.40%.

    Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Digital Turbine, Inc. (APPS) stock, 50% of short-term indicators suggest that these shares are a “ Hold .” Meanwhile, 100% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 100% of long-term indicators suggest that this stock is a “ Buy .”

    With 83,009 K shares outstanding, this company currently has a market capitalization of $556,160K. Digital Turbine, Inc. (APPS) generates $103,570 K in annual sales, amounting to annual net income of -$6,010 K. This stock has generated a 1-Year Total Return of 458.68%, a 3-Year Total Return of 428.13%, and a 5-year Total Return of 36.57%. This stock’s 5-Year Dividend Growth is 0.00%. Its Annual Dividend Yield is 0.00%, and its Annual Dividend Rate is 0.00.

    In the most recently-reported fiscal quarter, which ended in 06/19, Digital Turbine, Inc. (APPS) reported earnings of $0.04 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.01 per share, representing a 0.03 difference and 300.00% surprise. In the previous quarter ending in 03/19, the reported earnings of $0.02 represented a 0.01 difference from the consensus estimate calling for $0.01 per share, which was a 100.00% surprise.

    For the current fiscal quarter, which is set to end in 09/2019, the average earnings estimate is $0.03 per share. This estimate came from a total of 2 Wall Street Analysts. Of those market experts, the high estimate was $0.03 and the low estimate was $0.02.

    Turning our focus now to insider trading activity, there have been 8 purchases (76,940 shares in total) and 0 sale (0 shares in total) in the last 3 months. In the last 6 months, there have been 8 insider buys amounting to 76,940 shares and 2 insider sales amounting to 150,000 shares. In the past full year, 8 insider purchases were made (involving 76,940 shares) and 2 insider sell-offs equivalent to 150,000 shares.

    Moving onto liquidity, Digital Turbine, Inc. (APPS) has a Current Ratio of 0.97, a Quick Ratio of 0.97 and a Cash Ratio of 0.29. Looking even further ahead into the future, its Long-Term Debt to Equity is 3.08.