Digital Brands Group Inc. (NASDAQ:DBGI) went down by -5.96% from its latest closing price compared to the recent 1-year high of $8.80. The company’s stock price has collected -1.94% of loss in the last five trading sessions. Press Release reported on 07/08/21 that Digital Brands Group Announces Initial Estimate of Second Quarter 2021 Revenue Levels
Is It Worth Investing in Digital Brands Group Inc. (NASDAQ :DBGI) Right Now?
Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Digital Brands Group Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
DBGI currently public float of 5.89M and currently shorts hold a 12.27% ratio of that float. Today, the average trading volume of DBGI was 6.14M shares.
DBGI’s Market Performance
The volatility ratio for the week stands at 12.51% while the volatility levels for the past 30 days are set at 23.92% for Digital Brands Group Inc.. The simple moving average for the period of the last 20 days is -3.05% for DBGI stocks with a simple moving average of 23.14% for the last 200 days.
DBGI Trading at 23.14% from the 50-Day Moving Average
After a stumble in the market that brought DBGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.61% of loss for the given period.
Volatility was left at 23.92%, however, over the last 30 days, the volatility rate increased by 12.51%, as shares surge +19.67% for the moving average over the last 20 days.
During the last 5 trading sessions, DBGI fell by -1.94%, in comparison to the 20-day moving average, which settled at $5.25. In addition, Digital Brands Group Inc. saw 48.53% in overturn over a single year, with a tendency to cut further gains.