Digital Turbine (APPS) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Digital Turbine (APPS) - Digital Turbine currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][3] - The stock has seen significant price increases, with shares up 87.02% over the past week and 230.96% over the past month, compared to the Zacks Internet - Software industry's flat performance of 0% and 4.5% respectively [5] - Over the past quarter, shares have increased by 343.54%, and by 84.7% over the last year, while the S&P 500 has only moved 2.43% and 24.91% respectively [6] Trading Volume - The average 20-day trading volume for Digital Turbine is 11,876,224 shares, which is a useful indicator for assessing price movements and market interest [7] Earnings Outlook - In the past two months, one earnings estimate for Digital Turbine has increased, raising the consensus estimate from $0.20 to $0.30, with no downward revisions during the same period [9] - For the next fiscal year, one estimate has also moved upwards, indicating positive sentiment regarding future earnings [9] Conclusion - Given the strong performance metrics and positive earnings outlook, Digital Turbine is positioned as a promising momentum pick for investors [11]