During the afternoon session, Digital Turbine moved 1.25%, compared to 0.01% for the S&P 500.
Digital Turbine, Inc. provides mobile and media communication products and solutions for mobile operators, application advertisers, publishers, original equipment manufacturers (OEMs), and other third parties. The company is now trading -38.43% away from its average analyst target price of $17.15 per share. The 6 analysts following the stock have set target prices ranging from $12.0 to $25.0, and on average give Digital Turbine a rating of buy.
Over the last year, APPS shares have gone down by -70.94%, which represents a difference of -64.13% when compared to the S&P 500. The stock's 52 week high is $47.47 per share and its 52 week low is $10.4. Based on Digital Turbine's average gross margin growth of 8.9% over the last four years, its core business remains strong and the stock price may recover in the long term.
| Date Reported | Revenue (k) | Cost of Revenue (k) | Gross Margin | YoY Growth |
|---|---|---|---|---|
| 2022-03-31 | $741,372 | $660,084 | 50.84% | 17.6% |
| 2021-03-31 | $312,124 | $241,365 | 43.23% | 9.92% |
| 2020-03-31 | $140,169 | $85,042 | 39.33% | 14.53% |
| 2019-03-31 | $103,569 | $68,004 | 34.34% | 2.45% |
| 2018-03-31 | $74,751 | $49,696 | 33.52% | n/a |
