What Will Happen to Digital Turbine Inc (APPS) Next? The Stock Just Reaches 52-Week High

September 17, 2017 - By Vivian Currie

The stock of Digital Turbine Inc (NASDAQ:APPS) hit a new 52-week high and has $1.48 target or 8.00 % above today’s $1.37 share price. The 5 months bullish chart indicates low risk for the $91.26M company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $1.48 price target is reached, the company will be worth $7.30M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.74% or $0.01 on September 15, reaching $1.37. About 450,548 shares traded or 44.42% up from the average. Digital Turbine Inc (NASDAQ:APPS) has risen 60.00% since September 17, 2016 and is uptrending. It has outperformed by 43.30% the S&P500.

Wall Street await Digital Turbine Inc (NASDAQ:APPS) to release earnings on November, 8. Analysts forecast earnings per share of $-0.03, up exactly $0.07 or 70.00 % from 2014’s $-0.1 EPS. After posting $-0.02 EPS for the previous quarter, Digital Turbine Inc’s analysts now forecast 50.00 % negative EPS growth.

Digital Turbine Inc (NASDAQ:APPS) Ratings Coverage

Among 4 analysts covering Digital Turbine (NASDAQ:APPS), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Digital Turbine has $6.0 highest and $1.3000 lowest target. $3.36’s average target is 145.26% above currents $1.37 stock price. Digital Turbine had 13 analyst reports since October 8, 2015 according to SRatingsIntel. Ladenburg Thalmann upgraded Digital Turbine Inc (NASDAQ:APPS) on Wednesday, August 31 to “Buy” rating. The stock of Digital Turbine Inc (NASDAQ:APPS) has “Buy” rating given on Thursday, October 8 by B. Riley & Co. The rating was downgraded by Roth Capital to “Neutral” on Monday, September 26. On Wednesday, October 12 the stock rating was maintained by B. Riley & Co with “Buy”. TH Capital maintained the stock with “Buy” rating in Tuesday, December 15 report. The firm has “Buy” rating by Roth Capital given on Friday, June 9. As per Friday, July 28, the company rating was maintained by Roth Capital. Roth Capital upgraded Digital Turbine Inc (NASDAQ:APPS) on Thursday, March 30 to “Buy” rating. The firm has “Buy” rating given on Tuesday, December 15 by Roth Capital. The rating was maintained by Roth Capital on Tuesday, August 8 with “Buy”.

More notable recent Digital Turbine Inc (NASDAQ:APPS) news were published by: Seekingalpha.com which released: “Digital Turbine’s (APPS) CEO William Stone on Q3 2017 Results – Earnings Call …” on February 09, 2017, also Prnewswire.com with their article: “Digital Turbine Announces Pricing of $16 Million Offering of 8.75% Convertible …” published on September 23, 2016, Prnewswire.com published: “Digital Turbine Reports Fourth Quarter and Fiscal Full Year 2017 Results” on June 14, 2017. More interesting news about Digital Turbine Inc (NASDAQ:APPS) were released by: Bizjournals.com and their article: “Digital Turbine replaces CFO with ex-Dell executive” published on September 01, 2016 as well as Seekingalpha.com‘s news article titled: “Digital Turbine’s (APPS) CEO Bill Stone on Q1 2018 Results – Earnings Call …” with publication date: August 08, 2017.

Digital Turbine, Inc. is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers and other third parties to enable them to monetize mobile content. The company has market cap of $91.26 million. The Firm operates its business in two operating divisions: Advertising and Content. It currently has negative earnings. The Advertising segment consists of two businesses: Operator and OEM (O&O) and Advertiser and Publisher (A&P).

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