Digital Turbine Stock Is Surging Today: What’s Going On?
Digital Turbine Inc (NASDAQ: APPS) shares are soaring Thursday after the company reported mixed fiscal second-quarter results.
Dow Jumps Over 700 Points; US Inflation Rate Falls In October
U.S. stocks traded sharply higher this morning , following the release of inflation data on Thursday.
$100 Invested In Digital Turbine 5 Years Ago Would Be Worth This Much Today
Digital Turbine (NASDAQ:APPS) has outperformed the market over the past 5 years by 51.63% on an annualized basis producing an average annual return of 58.99%. Currently, Digital Turbine has a market capitalization of $1.45 billion.
B of A Securities Initiates Coverage On Digital Turbine with Buy Rating, Announces Price Target of $24
B of A Securities analyst Omar Dessouky initiates coverage on Digital Turbine (NASDAQ:APPS) with a Buy rating and announces Price Target of $24.
Analyzing Digital Turbine’s Short Interest
Digital Turbine's (NASDAQ:APPS) short percent of float has fallen 13.47% since its last report. The company recently reported that it has 5.18 million shares sold short, which is 6.04% of all regular shares that are available for trading.
Stocks That Hit 52-Week Lows On Monday
During Monday's trading, 528 companies set new 52-week lows.
B. Riley Securities Maintains Buy on Digital Turbine, Lowers Price Target to $28
B. Riley Securities analyst Daniel Day maintains Digital Turbine (NASDAQ:APPS) with a Buy and lowers the price target from $33 to $28.
$1000 Invested In Digital Turbine 5 Years Ago Would Be Worth This Much Today
Digital Turbine (NASDAQ:APPS) has outperformed the market over the past 5 years by 56.51% on an annualized basis producing an average annual return of 65.54%. Currently, Digital Turbine has a market capitalization of $1.66 billion.
Looking Into Digital Turbine’s Recent Short Interest
Digital Turbine's (NASDAQ:APPS) short percent of float has fallen 3.06% since its last report. The company recently reported that it has 5.99 million shares sold short, which is 6.98% of all regular shares that are available for trading.