Digital Turbine: Buy, Hold, Or Sell?

POWR Ratings do not Indicate Sufficient Upside

APPS has an overall rating of C which equates to Neutral in our POWR Ratings system. The POWR Ratings are calculated by considering  118 different factors. Our proprietary rating system evaluates each stock based on eight different categories. APPS’ Growth Grade of B is consistent with the company’s substantial earnings and revenue growth potential. However, the stock has a Value Grade of F, reflecting its relative overvaluation compared to other stocks in the Software – Application industry.

In addition to the POWR Ratings grades I have just highlighted, one can see APPS ratings for Stability, Sentiment, Momentum, Quality and Industry here.

Better than APPS: Click here to learn about top rated Software – Application stocks.

Bottom Line

APPS’ significant business growth has allowed the stock to deliver impressive returns so far this year. While analysts expect the company’s fundamentals to improve further in the near future, we think APPS is long overdue for a price correction. The stock’s sky-high valuation might lead to a price dip soon. Hence, it is advisable to wait for some time before betting on the stock.

APPS shares were trading at $60.03 per share on Monday afternoon, up $2.82 (+4.93%). Year-to-date, APPS has gained 6.14%, versus a 0.80% rise in the benchmark S&P 500 index during the same period.

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