Alert: Negative Investment/Fundamental Signals (11/9/23)-Digital Turbine Inc (NASDAQ: APPS)


Extremely significant negative changes in Digital Turbine Inc (NASDAQ: APPS) investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.

Recent notable negative changes in fundamentals have impacted Digital Turbine Inc (NASDAQ: APPS): the consensus estimate for March, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

APPS is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Digital Turbine has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Digital Turbine has a very high Appreciation Score of 96 but a very low Power Rating of 9, triggering the Neutral Value Trend Rating.

Recent Price Action

Digital Turbine Inc (NASDAQ: APPS) stock suffered a very large decline of -5.4% on 11/9/23. The shares closed at $4.82. The stock has risen 8.7% during the last week but has been extremely weak relative to the market over the last nine months.

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