DIGITAL TURBINE INC (APPS) Weekly Chart. PROs
Trading at 85% below its fair value
Earnings are forecast to grow 211% per year
Returned 17.5% last week and 40% last year
APPS is forecast to become profitable over the next 3 years
APPS's revenue (23.7%) is forecast to grow faster than 20% per year
APPS is a debt-free company
Insiders have bought 90.500 shares (approx $513k) during the last 3 months
Analysts are overall optimistic giving APPS a 'buy' rating
CONs
Highly volatile share price
Shareholders have been diluted during the past year
APPS is currently unprofitable
APPS has a negative return on equity
Report:
Support held at 3.47 on the 16th of March 2020 and APPS has since succeeded in making higher lows on the weekly
time frame. After last week's strong performance APPS broke through its 23.6% fib retracement level (4.81) taken
from the highs of November last year and the lows of March this year. Just up ahead is dual resistance (at 1 ) which
comes in at 5.03.
Bottomcatchers opinion:
This company certainly has the potential to grow substantially over the medium to long term. Shorter time frames
carry more risk, as with most securities at the moment. A convincing break above resistance at 503 (so 510s) is where
I will be entering into a Long position.
Time Frame for this trade is Medium to Long term.
