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Digital Turbine Inc [APPS] Investment Guide: What You Need to Know

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Digital Turbine Inc’s filing revealed that its Director Karish Jeff acquired Company’s shares for reported $6950.0 on Nov 20 ’24. In the deal valued at $1.39 per share,5,000 shares were bought. As a result of this transaction, Karish Jeff now holds 416,861 shares worth roughly $0.63 million.

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Then, DEUTSCHMAN ROBERT M bought 20,000 shares, generating $24,600 in total proceeds. Upon buying the shares at $1.23, the Director now owns 591,216 shares.

Before that, STONE WILLIAM GORDON III bought 100,000 shares. Digital Turbine Inc shares valued at $122,000 were divested by the Chief Executive Officer at a price of $1.22 per share. As a result of the transaction, STONE WILLIAM GORDON III now holds 1,671,919 shares, worth roughly $2.54 million.

BofA Securities downgraded its Digital Turbine Inc [APPS] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who remained covering the stock and in late May has reiterated a ‘”a Buy”‘ rating for it. Craig Hallum also remained covering APPS and reiterated its “Buy” recommendation on February 08, 2024. BofA Securities revised its rating on September 14, 2023. It rated APPS as “a Neutral” which previously was an “a Buy”.

Price Performance Review of APPS

On Friday, Digital Turbine Inc [NASDAQ:APPS] saw its stock jump 3.40% to $1.52. Over the last five days, the stock has gained 16.03%. Digital Turbine Inc shares have fallen nearly -77.84% since the year began. Nevertheless, the stocks have fallen -69.96% over the past one year. While a 52-week high of $7.32 was reached on 01/02/24, a 52-week low of $1.18 was recorded on 11/19/24. SMA at 50 days reached $2.6971, while 200 days put it at $2.5164.

Levels Of Support And Resistance For APPS Stock

The 24-hour chart illustrates a support level at 1.4700, which if violated will result in even more drops to 1.4200. On the upside, there is a resistance level at 1.5800. A further resistance level may holdings at 1.6400. The Relative Strength Index (RSI) on the 14-day chart is 34.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2106, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.15%. Stochastics %K at 12.81% indicates the stock is a buying.

How much short interest is there in Digital Turbine Inc?

A steep rise in short interest was recorded in Digital Turbine Inc stocks on 2024-10-31, dropping by -0.26 million shares to a total of 4.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.18 million shares. There was a decline of -5.28%, which implies that there is a negative sentiment for the stock.

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