What they do
Digital Turbine simplifies content discovery and delivers it directly to the device. Its On-Device Media Platform powers frictionless app and content discovery, user acquisition and engagement, operational efficiency and monetization opportunities.
Why im bullish
In a world of high growing tech companies, Digital turbine stands out as one of the fundamentally strongest growth company, showing strong Q3 results including adjusted EBITDA increasing by 302% Y/Y and revenue growth of 146% Y/Y. They are clearly currently living up to expectations.
Clients - They serve some of the biggest names including Samsung, Sony, Asus, Twitter and facebook. The sort of companies that will provide long term business and have deep pockets.
Adcolony Acquisition
1.5B monthly users, tons of data and better product integration, enough said.
Risks
182.02 P/E ratio, investors in Digital Turbine have a very forward looking mindset, and any bad earnings could send this stock plummeting, expectations are high.
Its a growth stock, this bitch will go down 10% on no news if the NASDAQ is having a shit day, Currently trading 19% down from Tuesday and 27% from march highs.
Potentially overvalued, This stock is trading at a 6.8B valuation with 138M revenue, pricing in 3-5 years growth minimum, a lot can happen between now and then.
My position
200 shares selling short term CC in the 90+ range
Just a quick write up while im on a work break, let me know if you have anything to add or thoughts
PS: bears r fuk
They indeed have a reputation for killing it on earnings. Growth is indeed spectacular. Just check the AppsFlyer rankings. Valuation is high. Would be interested to get your opinion comparing it to Magnite (MGNI).
Got shares at $12 but I was impatient and left it a long time ago. I’m so sad I didn’t hold for longer.
9$ here
Been playing this stock since it was at ~8. Every time it dips to an area of solid support, it recovers into an ATH.
It works... until it doesn’t.
Is it just me or I first read it as $APES
Calls?
This stock will easily reach 100 again. Question is when the market volatility stops. I'm hearing around that April is kind to stocks