Here's Why Digital Turbine Climbed 12% in June

Digital Turbine (NASDAQ: APPS) shares rose 12.3% in June, according to data provided by S&P Global Market Intelligence, closing out a volatile month. Following the company's earnings announcement on June 1, the stock swung back and forth dramatically despite no additional news being published. Digital Turbine's beta is high at 2.36, so volatility is par for the course. It also carries aggressive valuation ratios due to its strong growth outlook. That growth is supported by organic expansion as well as acquisitions.

Digital Turbine's chart was the same shape as the Invesco PowerShares Dynamic Software ETF and the Invesco S&P MidCap Momentum ETF. The swings have just been much more exaggerated -- which is no shock based on its history. This should be pretty familiar to growth investors who follow mid-cap stocks.

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Source Fool.com