Why is Digital Turbine stock going down?
Summary. Digital Turbine's stock has dropped 82% since my last coverage in 2021. On-Device Solution Revenue declined by 9.8% YoY, primarily due to lower mobile device sales and the loss of a major partner, T-Mobile.
Why is Digital Turbine falling?
However, Digital Turbine faces headwinds, including declining device volumes, particularly in the U.S. market. Digital Turbine is ultimately an unattractive investment proposition due to its dwindling revenue growth rates and shrinking EBITDA figures.
Is Digital Turbine going to recover?
Digital Turbine faced challenges in Q3, including disappointing device sales, migration issues with its cloud hosting platform, and changes to AI models affecting ad revenue. The outlook for Digital Turbine is expected to improve with the projected recovery of the smartphone market and increased ad spending in 2024.
What is the future of Digital Turbine stock?
The average price target for Digital Turbine is $5.70. This is based on 6 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $10.00 ,the lowest forecast is $4.00. The average price target represents 179.41% Increase from the current price of $2.04.
Is Digital Turbine stock a good buy?
Digital Turbine (APPS) has an AI Score of 9/10 (Buy) because its overall probability of beating the market (S&P 500) in the next 3 months (36.56%) is +4.60% vs. the average probability (31.96%) of US stocks analyzed by our Artificial Intelligence.
What is the long term forecast for Digital Turbine?
Digital Turbine stock prediction for 1 year from now: $ 15.77 (710.11%) Digital Turbine stock forecast for 2025: $ 3.44 (82.22%) Digital Turbine stock prediction for 2030: $ 69.20 (3,561.18%)
Is Digital Turbine undervalued?
Digital Turbine, Inc., through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). Undervalued with moderate growth potential.
What is the fair value of Digital Turbine?
| Range | Upside | |
|---|---|---|
| Fair Value | -48.44 - -48.44 | -2690.2% |
| P/E | (100.32) - 10.12 | -2814.5% |
| EV/EBITDA | 11.01 - 23.97 | 749.2% |
| EPV | 8.14 - 10.01 | 385.3% |
Is Digital Turbine profitable?
Digital Turbine Inc's trailing 12-month revenue is $572.4 million with a -34.5% profit margin. Year-over-year quarterly sales growth most recently was -12.1%. Analysts expect adjusted earnings to reach $0.502 per share for the current fiscal year. Digital Turbine Inc does not currently pay a dividend.
How much debt does Digital Turbine have?
Total debt on the balance sheet as of December 2023 : $0.37 B. According to Digital Turbine 's latest financial reports the company's total debt is $0.37 B. A company's total debt is the sum of all current and non-current debts.
Who are Digital Turbine competitors?
The top three of Digital Turbine's competitors in the Mobile Advertising category are Google Remarketing with 37.78%, Zemanta with 25.67%, Aarki with 6.09% market share.
Who owns Digital Turbine?
Digital Turbine, Inc. (NASDAQ:APPS) is largely controlled by institutional shareholders who own 67% of the company.
Who uses Digital Turbine?
The top three geographies of Digital Turbine for mobile-app-marketing are the United States with 10(66.67%), New Zealand with 1(6.67%), Germany with 1(6.67%) customers respectively.
Does digital turbine pay dividends?
The current TTM dividend payout for Digital Turbine (APPS) as of April 08, 2024 is $0.00. The current dividend yield for Digital Turbine as of April 08, 2024 is 0.00%.
What does the company digital turbine do?
The company offers a mobile device management platform, which delivers apps for application media and also content media. It provides advertiser solutions allowing OEMs and mobile operators to control, manage, and monetize applications installed at the time of activation and over the life of a mobile device.
Is apps a good buy?
Is APPS Stock a Buy, According to Analysts? On TipRanks, APPS comes in as a Hold based on one Buy and four Hold ratings assigned by analysts in the past three months. The average Digital Turbine stock price target is $6.13, implying 60.9% upside potential.
Should I buy apps stock?
Digital Turbine has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
What is target price for apps?
| High | $10.00 |
|---|---|
| Median | $4.25 |
| Low | $3.00 |
| Average | $5.38 |
| Current Price | $1.80 |
How does Digital Turbine make money?
The way Digital Turbine generates revenue is by receiving a fixed amount for each device on which Ignite is installed. Additionally, Digital Turbine shares advertising revenue with their partners based on a predetermined agreement.
Is Digital Turbine an adtech company?
Digital Turbine, a mobile ad tech company, is refreshing its corporate identity to integrate a slate of acquisitions it made last year.
Is Vestas wind systems a good investment?
Vestas Wind Systems's analyst rating consensus is a Moderate Buy. This is based on the ratings of 14 Wall Streets Analysts.
What does market cap mean on a stock?
Market capitalization, or market cap, is the total value of a company's shares of stock. If a company has issued 10 million shares, and its share price is $100, its market cap is $1 billion. Market cap is calculated by multiplying the number of stock shares outstanding by the current share price.
What is the intrinsic value of apps stock?
APPS stock price is 2.17 USD. APPS stock price (2.17 USD) is 84% less than its Intrinsic Value (13.5 USD).
How much does a turbine make a year?
The payments will vary based on the number of wind turbines installed on the property. On average, a smaller single wind turbine lease could be valued at around $8,000/year with a larger turbine bringing between $50,000 to $80,000/year.
Can I invest in wind turbines?
There are several ways to invest in wind energy through stocks. Most notably, you can invest in companies that build turbines and other essential equipment for building wind farms. You can invest in companies that generate and sell wind energy.
