As this happened, Craig Hallum reiterated its Digital Turbine Inc [APPS] rating to a Buy in a research note published on May 29, 2024; the price target was $5. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. BofA Securities also remained covering APPS and has decreased its forecast on September 14, 2023 with a “Neutral” recommendation from previously “Buy” rating. ROTH MKM revised its rating on May 25, 2023. It rated APPS as “a Neutral” which previously was an “a Buy”.
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Price Performance Review of APPS
On Tuesday, Digital Turbine Inc [NASDAQ:APPS] saw its stock fall -0.66% to $3.03. Over the last five days, the stock has gained 7.83%. Digital Turbine Inc shares have fallen nearly -55.83% since the year began. Nevertheless, the stocks have fallen -45.01% over the past one year. While a 52-week high of $7.32 was reached on 01/02/24, a 52-week low of $1.39 was recorded on 06/27/24. SMA at 50 days reached $2.97, while 200 days put it at $3.06.
Levels Of Support And Resistance For APPS Stock
The 24-hour chart illustrates a support level at 2.92, which if violated will result in even more drops to 2.81. On the upside, there is a resistance level at 3.18. A further resistance level may holdings at 3.33. The Relative Strength Index (RSI) on the 14-day chart is 53.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.50%. Stochastics %K at 51.39% indicates the stock is a holding.
How much short interest is there in Digital Turbine Inc?
A steep rise in short interest was recorded in Digital Turbine Inc stocks on 2024-09-13, dropping by -1.06 million shares to a total of 4.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.21 million shares. There was a decline of -25.59%, which implies that there is a negative sentiment for the stock.
