Alert: Negative Investment/Fundamental Signals (2/26/24)-Digital Turbine Inc (NASDAQ: APPS)

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Recent notable negative changes in fundamentals have affected Digital Turbine Inc (NASDAQ: APPS): the consensus estimate for March, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for March, 2024 decreased significantly.

Recent meaningful negative changes in investment behavior have impacted Digital Turbine Inc (NASDAQ: APPS): negative upside/downside volume developed.

In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, APPS is expected to be Value Creation neutral.

Digital Turbine has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Digital Turbine has a slightly positive Appreciation Score of 69 but a very low Power Rating of 3, leading to the Negative Value Trend Rating.

Recent Price Action

Digital Turbine Inc (NASDAQ: APPS) stock closed at $3.10 on 2/26/24 after a modest gain of 0.6%. Trading volume in this advance was normal. The stock has declined -12.2% during the last week and has been extremely weak relative to the market over the last nine months.

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