Digital Turbine Inc (NASDAQ: APPS) stock closed at $5.77 on 12/4/23 after a major increase of 13.8%. Moreover, exceptionally high trading volume at 228% of normal accompanied the advance. The stock has risen 15.2% during the last week but has been extremely weak relative to the market over the last nine months.
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, producing the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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