Critical Levels To Breach: Tyson Foods Inc. (TSN), Digital Turbine Inc. (APPS)

You should consider shares of Tyson Foods Inc. (NYSE:TSN) and Digital Turbine Inc. (NASDAQ:APPS) if you are looking for a great stocks to invest in. Starting with the TSN shares, which traded at $90.79 at the close of the recent session, dropping -1.25%. On Wednesday, the company’s shares shed -$1.15 from its value which represented in intraday trading. The stock is now -0.27% lower in year-to-date (YTD) trading. TSN’s intraday high was $92.33 while its lowest price touched $90.44. The stock’s 52-week high price is $94.24, which means the current price is at -3.66%. In terms of trading activity, the daily trading volume rose to 2794845 against 200-day average trading volume of 2,624,864 shares.

What are analyst forecasts for Tyson Foods Inc. (NYSE:TSN)?

At a consensus rating of 4.50, TSN is trending as a streaking Strong Buy, as it has been the case a month ago when 8 analysts called it a Strong Buy. Two months ago, 8 analysts recommended, on average, that TSN stock is a Strong Buy. The Consumer Goods company’s shares’ overall bearish trend saw it close higher on Wednesday compared to its opening price of $91.64 on the day.

Forecasts for Tyson Foods Inc. (NYSE:TSN) give the stock a fair value for the growth of 9.21% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $100.00, which means the price per share could rise by nearly $9.21. The price range target is between a low of $89.00 and a high of $107.00. The stock would need to gain by about $15.15 to hit the estimated high or 0.63% from its 12-month low.

The consensus among 14 analysts is that it is a good time for one to Overweight in the Tyson Foods Inc. 10 analysts rate TSN as a Buy, with 0 of 14 analysts rate it as a Sell. 1 have valued the stock as Overweight and 3 have recommended that investors Hold.

Tyson Foods Inc. (NYSE:TSN) Upgrades and Downgrades

In terms of rating changes, BofA/Merrill on October 25, 2019, Initiated Tyson Foods Inc. (TSN) at Buy. Analysts at Credit Suisse have assigned a Outperform rating for the stock in their research note on May 14, 2019 with an estimated price target of $96. Moreover, Argus analysts issued a rating of Buy for the stock on May 14, 2019, giving it a price target of $92 for the next 12 months. On May 06, 2019, the stock earned a Sell rating due to an analyst call from Pivotal Research Group, while analysts from Standpoint Research on April 29, 2019 suggested that the stock is Hold.

Digital Turbine Inc. (NASDAQ:APPS) adds -$0.12 on Wednesday

The APPS stock has risen 3.65% year-to-date and is currently trading at $7.39, which is -19.01% below its 52-week high. The company shares lost -1.60% on the day and have risen nearly 280.93% off a low hit. At current levels, Digital Turbine Inc. has a valuation of about $121.00M. As of 01/15/20, this stock has fallen -0.14% during the week and closed at $7.51 in the previous session. However, recent Digital Turbine Inc. stock performance shows that APPS shares are 0.68% up over the last month, and 11.97% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.02, with the trailing 12-month share earnings at -$0.14. The ratio is expected to be up by 137.50% for the current year 2019 and 26.30% for next year. Over the next 5-year period, earnings per share will be 25.00%. But will the APPS stock surprise in the current quarter results, where the $0.05 actual EPS reported on 9/29/2019 surprised by 66.70% or was higher by $0.02 from the estimated $0.03.

Sales Growth to climb 22.40% for the year

How well will Digital Turbine Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $37.5M and $38M in current quarter sales. The consensus estimated for the current quarter is $37.7M from sales. Forecasts for this fiscal year are between $132.77M and $135.53M and the consensus estimate for sales is at $134.69M. APPS has its next quarter sales estimates at between $31.87M and $34.35M, with the quarter-over-quarter growth estimates at 23.70% and the annual growth forecast for the year at 22.40%.

Who owns shares in Digital Turbine Inc. (APPS)?

Let’s briefly focus on the share ownership of the Digital Turbine Inc. (NASDAQ:APPS) stock, where we find that 56.34% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 5.21 million shares or 6.07% of shares outstanding. Vanguard Group, Inc. (The) and State Street Corporation held 3.33 million and 1.72 million representing 3.89% and 2.01% respectively at the close of the last trading session. As of Sep 29, 2019, S SQUARED TECHNOLOGY CORP. accounted for 1.36 million shares at over 8.75 million. This represented 1.58% of shares outstanding. Invesco Ltd. held 1.24 million shares at over 8.02 million representing 1.45% of shares outstanding.

APPS Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Digital Turbine Inc. (APPS), a total of 45000 shares have been sold by insiders over the last 6 months while 102134 shares were added in the same time span. On 6/10/2019, Director by the name Schaeffer Paul sold 118153.0 shares worth $525800.0 at the price of $4.45 per share. Filings also show that Stone William Gordon Iii sold a total of 35000.0 shares on 11/12/2019 valued at $287000.0. Since the last insider activity, the company’s share price has dropped -10.86%.