Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Digital Turbine Inc shares valued at $24,600 were purchased by DEUTSCHMAN ROBERT M on Nov 19 ’24. At $1.23 per share, DEUTSCHMAN ROBERT M acquired 20,000 shares. The insider’s holdings grew to 591,216 shares worth approximately $0.85 million following the completion of this transaction.
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Also, STONE WILLIAM GORDON III purchased 100,000 shares, netting a total of over 122,000 in proceeds. Following the buying of shares at $1.22 each, the insider now holds 1,671,919 shares.
Before that, DEUTSCHMAN ROBERT M had added 100,000 shares to its account. In a trade valued at $141,000, the Director bought Digital Turbine Inc shares for $1.41 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $0.82 million.
As published in a research note from BofA Securities on November 15, 2024, Digital Turbine Inc [APPS] has been rated down from a Neutral to an Underperform and the price target has been revised to $1. Analysts at Craig Hallum resumed the stock at ‘”a Buy”‘ outlook in a report released in late May. As of February 08, 2024, Craig Hallum has reiterated its “Buy” rating for APPS. Earlier on September 14, 2023, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for APPS stock which previously was a “a Buy”.
Analyzing APPS Stock Performance
During the last five days, there has been a drop of approximately -4.03%. Over the course of the year, Digital Turbine Inc shares have dropped approximately -79.15%. Shares of the company reached a 52-week high of $7.2480 on 01/02/24 and a 52-week low of $1.1800 on 11/19/24. A 50-day SMA is recorded $2.7511, while a 200-day SMA reached $2.5457. Nevertheless, trading volume fell to 6.0 million shares from 4.33 million shares the previous day.
Support And Resistance Levels for Digital Turbine Inc (APPS)
According to the 24-hour chart, there is a support level at 1.2802, which, if violated, would cause prices to drop to 1.1303. In the upper region, resistance lies at 1.5197. The next price resistance is at 1.6093. RSI (Relative Strength Index) is 31.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.6215, which suggests the price will decrease in the coming days. Percent R is at 89.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
