Digital Turbine: Rally Feels Overdone

(7min)

Summary

  • Digital Turbine posted better-than-expected Q3 results and raised FY2025 guidance.
  • The stock has rallied approximately 125% since that quarterly report, even as profits and revenues will fall this fiscal year.
  • The company also has $408 million in long-term debt and only $35 million in cash and securities.
  • An updated analysis around Digital Turbine, Inc. follows in the paragraphs below.
  • Looking for a helping hand in the market? Members of The Busted IPO Forum get exclusive ideas and guidance to navigate any climate. Learn More »

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Today, I put Digital Turbine, Inc. (NASDAQ:APPS) in the spotlight since the last article I posted this small tech concern back in September 2023. The stock was up 12% in trading on Friday, putting the name on my radar again. Was

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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