APPS is on about the SingleTapA June 29th article on The Verge disclosing Meta’s plan to allow direct app download from Facebook Ads sent APPS shares surging, as some investors believe SingleTap could be the key enabling technology in Meta’s effort. the stock move reflects
1) a growing recognition of SingleTap as a viable technology among investors and big tech players,
2) secular regulatory tailwinds of which APPS is a beneficiary,
3) a diminished hurdle to drive a stock rally after the valuation reset, and
4) significant squeeze risk for short-sellers overlooking SingleTap’s secular tailwinds.
APPS trade ideas
APPS Pattern breakdown - Potential support levels APPS broke down the ascending wedge and although the volume was higher than yesterday it was not enough to reach the Volume 20MA. Might go down to test 22-21.4 area which is the next support where it also has support from the 50EMA. Please comment your thoughts. NFA
One of the Fastest Growing Companies in AdTechAfter a monster year of growth for Digital Turbine, analysts believe the expansion doesn't stop here.
Over the next three years, analysts predict the company will continue to grow EPS at a ~ 45% CAGR while expanding revenue at an average ~ 28% CAGR.
Although short-term liabilities outweigh short-term assets like cash and A/R due to acquisitions, it is predicted that the procurements of Fyber, AdColony, and Appreciate will help accelerate Digital Turbine's more prominent and profitable role in the fast-growing and secularly-thriving $200+ billion mobile ad/connected TV marketplace.
As for the technicals, we're witnessing a similar setup as the '18-'19 bull run that $APPS experienced. Distribution breakdowns into a falling wedge until volume begins to pick back up (breakdowns are primarily due to the macro environment, not the company's fundamentals). I chose the fiscal Q4 2022 ER date as a rough estimate for when $APPS might break the downtrend. By no means has Digital Turbine reversed course fundamentally, and I'd like the next ER to confirm that.
GLTA! (Disclaimer, I am long $APPS with both a long-term position and LEAPS call options).
$APPS Falling Price, but good entry regionDigital Turbine's Moat, Ignite On-Device platform, has been installed on over 800 million devices with over 60 million added every quarter thanks to their partnership with over 35 telecom/OEM partners across the world.
Digital Turbine made excellent use of its cash and borrowing capabilities to grow the firm, either through acquisition or internal development, resulting in spectacular revenue growth of 311% and EBITDA growth of 172% over the last 9 months year on year, all without the need for a secondary offering.
APPS predictionPrediction of APPS Stock on the basis of RTM in the next 30 days
Opinions provided here is for educational purposes only, and do not constitute investment advice.
I do not recommend to use of technical analysis as a sole means of trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Digital turbine / APPS ANALYSISDigital Turbine is a company I've been swinging for months.
I believe the Stock is under some pressure and it has a crucial resistance level at 44.80. Today it APPS sits around 43.60 and it is green. If APPS gets to breaks the resistance level of 44.80 the stock is going to hit around another resistance level at 47.70 and if it keeps showing strength the stock will break through and hit the mid digit 50's giving you a 10 dollar gain per share again.
But if the stock under performs under pressure the stock and breaks support at 39.50 the stock will go to the redder ends of the market and could hit the prices around 37-35 taking a 10 dollar loss per share.
Digital turbine values it's company at around 96 and it is expanding quickly. Do your own research and let me know if you want me to do any other analysis.