Traders Are Bullish Digital Turbine, Inc. (APPS) After The Stock Formed Wedge Up Pattern

Digital Turbine, Inc. (NASDAQ:APPS) Logo

The stock of Digital Turbine, Inc. (APPS) formed an up wedge with $4.09 target or 4.00 % above today’s $3.93 share price. The 6 months wedge indicates low risk for the $321.82M company. If the $4.09 price target is reached, the company will be worth $12.87M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.47% or $0.0185 during the last trading session, reaching $3.9315. About 381,622 shares traded. Digital Turbine, Inc. (NASDAQ:APPS) has risen 44.25% since May 8, 2018 and is uptrending. It has outperformed by 39.88% the S&P500.

Digital Turbine, Inc. (NASDAQ:APPS) Ratings Coverage

Among 2 analysts covering Digital Turbine (NASDAQ:APPS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Digital Turbine had 5 analyst reports since February 26, 2019 according to SRatingsIntel. The company was maintained on Tuesday, February 26 by FBR Capital. The stock has “Buy” rating by FBR Capital on Monday, March 11. The stock of Digital Turbine, Inc. (NASDAQ:APPS) earned “Buy” rating by Roth Capital on Tuesday, March 19. The stock of Digital Turbine, Inc. (NASDAQ:APPS) has “Buy” rating given on Tuesday, March 26 by Roth Capital.

More notable recent Digital Turbine, Inc. (NASDAQ:APPS) news were published by: which released: “3 FAANG Stocks Powering the Nasdaq Index – Nasdaq” on April 11, 2019, also with their article: “Fire TV Gets Official YouTube App, Amazon Video Goes Live on Google Devices – Nasdaq” published on April 18, 2019, published: “How Digital Turbine, Inc. (NASDAQ:APPS) Can Impact Your Portfolio Volatility – Yahoo Finance” on April 30, 2019. More interesting news about Digital Turbine, Inc. (NASDAQ:APPS) were released by: and their article: “Liquid Media Signs Deal with A+E Networks – Nasdaq” published on April 11, 2019 as well as‘s news article titled: “3 Things to Watch in the Stock Market This Week – Nasdaq” with publication date: May 05, 2019.

Digital Turbine, Inc., through its subsidiaries, provides media and mobile communication solutions for mobile operators, app advertisers, device original equipment manufacturers, and other third parties worldwide. The company has market cap of $321.82 million. It operates through two divisions, Advertising and Content. It currently has negative earnings. The Advertising segment offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices; Discover software, which provides application installation and management, as well as detailed reporting to advertisers and carriers; and mobile user acquisition platform that allows mobile advertisers to engage with right clients for their applications.

Digital Turbine, Inc. (NASDAQ:APPS) Ratings Chart

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