After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Digital Turbine Inc. (APPS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0018, or -0.01%, to $14.3482. The Digital Turbine Inc. has recorded 95,345 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Digital Turbine to Host Fourth Quarter and Fiscal 2023 Financial Results Conference Call on May 24, 2023, at 4:30pm ET.
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Stocks Info
Digital Turbine Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $14.35 and fluctuated between $14.55 as its day high and $14.22 as its day low. The current market capitalization of Digital Turbine Inc. is $1.45B. A total of 1.99 million shares were traded on the day, compared to an average of 1.80M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, APPS has seen 5 BUY and 19 SELL insider trades, representing the acquisition of 165,000 and the disposition of 185,144 shares. Over the last 12 months, there were 24 BUYs and 63 SELLs from insiders. Insiders purchased 1,208,357 shares during that period but sold 564,586.
In the most recent transaction, STONE WILLIAM GORDON III sold 35,000 shares of APPS for 10.26 per share on Mar 16. After the transaction, the Chief Executive Officer now owns 1,612,789 company shares. In a previous transaction on Mar 15, STONE WILLIAM GORDON III sold 35,000 shares at 10.54 per share. APPS shares that Chief Executive Officer owns now total 1,647,789.
Among the insiders who bought shares, DEUTSCHMAN ROBERT M acquired of 5,000 shares on Mar 14 at a per-share price of $10.24. This resulted in the Director holding 294,017 shares of APPS after the transaction. In another insider transaction, DEUTSCHMAN ROBERT M bought 15,000 shares at $9.80 per share on Mar 13. Company shares held by the Director now total 289,017.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for APPS in the last 3 months, the mean price target is $14.83 with high estimates of $25.00 and low estimates of $9.00. In terms of 52-week highs and lows, APPS has a high of $27.03 and a low of $9.13.
As of this writing, APPS has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.2 per share and a lower estimate of $0.15. The company reported an EPS of $0.34 in the last quarter, which was 3.00% higher than expectations of $0.33.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. APPS’s latest balance sheet shows that the firm has $126.77M in Cash & Short Term Investments as of fiscal 2022. There were $533.28M in debt and $385.26M in liabilities at the time. Its Book Value Per Share was $6.11, while its Total Shareholder’s Equity was $516.22M.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for APPS is Buy with a score of 4.33.