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Digital Turbine ($APPS) A Stock To Watch in 2021

If I could only pick a handful of stocks to own in 2021, Digital Turbine would undoubtedly be one of them. There are a few things I really like about this company. First, it had an incredible 2020 surging from $6 to $60 in only six months. I traded it a few times in the fall and it can really exhibit explosive action very quickly if handled properly.

From a fundamental standpoint, it has shown earnings and sales acceleration over the past three quarters and annual earnings are estimated to be up over 200% for 2021. With a return on equity of 31% and after-tax margins of 20%, Digital Turbine (ticker symbol $APPS) has shown itself to be an exceptional growth stock.

Its' technicals are just as impressive as its' fundamentals. I love all the big volume accumulation on the weekly chart and the resilience of APPS to hold above its 10-week line. Other than the week prior to the United States Presidential election, APPS has seen a tendency to find support at the 50-day and 10-week moving averages, indicating funds are coming in to buy it. This is also evident in the fact that the number of funds owning it has increased each of the last four quarters. On a weekly chart, it also found support at a recent breakout level, demonstrating an appetite for this stock.

I took a position in APPS this week and will look to add more to my position if future buy points arise.

To learn more about trading, visit my course page.

Full Disclosure: Digital Turbine is a stock I currently own.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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