The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Digital Turbine Inc (APPS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.38%, to $5.29. The Digital Turbine Inc has recorded 18,714 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Digital Turbine Reports Fiscal 2024 Second Quarter Financial Results.
The company is listed on the NASDAQ and operates within the Software – Application industry segment. At the end of the last regular session, the stock closed at $5.31 and fluctuated between $5.32 as its day high and $5.09 as its day low. The current market capitalization of Digital Turbine Inc is $537.96M. A total of 1.43 million shares were traded on the day, compared to an average of 1.59M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, APPS has seen 5 BUY and 18 SELL insider trades, representing the acquisition of 72,600 and the disposition of 231,502 shares. Over the last 12 months, there were 31 BUYs and 76 SELLs from insiders. Insiders purchased 914,868 shares during that period but sold 657,679.
In the most recent transaction, DEUTSCHMAN ROBERT M bought 20,000 shares of APPS for 6.84 per share on Sep 15. After the transaction, the Director now owns 370,055 company shares. In a previous transaction on Sep 15, GYANI MOHAN S bought 20,000 shares at 6.73 per share. APPS shares that Director owns now total 49,971.
Among the insiders who bought shares, Karish Jeff acquired of 5,000 shares on Sep 15 at a per-share price of $6.85. This resulted in the Director holding 343,493 shares of APPS after the transaction. In another insider transaction, STONE WILLIAM GORDON III sold 95,000 shares at $6.73 per share on Sep 15. Company shares held by the Chief Executive Officer now total 1,589,654.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for APPS in the last 3 months, the mean price target is $7.32 with high estimates of $12.00 and low estimates of $5.00. In terms of 52-week highs and lows, APPS has a high of $19.20 and a low of $4.10.
As of this writing, APPS has an earnings estimate of $Apellis Pharmaceuticals, Inc. per share for the current quarter. EPS was calculated based on a consensus of Digital Turbine, Inc. estimates, with a high estimate of $Appian Corporation per share and a lower estimate of $Applovin Corporation.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 $4.43, while its Total Shareholder’s Equity was $516.22M.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.40.