Alert: Negative Investment/Fundamental Signals (12/5/23)-Digital Turbine Inc (NASDAQ: APPS)


Digital Turbine Inc (NASDAQ: APPS) suffers from notable negative changes in investment behavior: 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, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for March, 2024 decreased significantly.

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

With future capital returns forecasted to be above the cost of capital, APPS is expected to continue to be a modest Value Builder.

Digital Turbine has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Digital Turbine has a very high Appreciation Score of 93 but a very low Power Rating of 5, and the Neutral Value Trend Rating results.

Recent Price Action

Digital Turbine Inc (NASDAQ: APPS) stock declined slightly by -0.2% on 12/5/23. The stock closed at $5.76. Moreover, this decline was accompanied by exceptionally high trading volume at 222% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 17.1% during the last week.

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