Additionally, the 36-month beta value for DBGI is 1.25.
The public float for DBGI is 1.54M and currently, short sellers hold a 1.67% ratio of that float. The average trading volume of DBGI on April 25, 2024 was 1.24M shares.
DBGI) stock’s latest price update
Digital Brands Group Inc (NASDAQ: DBGI)’s stock price has increased by 7.17 compared to its previous closing price of 2.93. However, the company has seen a 9.41% increase in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-12 that AUSTIN, April 12, 2024 /PRNewswire/ — Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, will report financial results for the fourth quarter ended December 31, 2023 on Monday, April 15, 2023 at 4:30 p.m. ET. Management will host a conference call on Monday, April 15 at 5:00 p.m.
DBGI’s Market Performance
Digital Brands Group Inc (DBGI) has experienced a 9.41% rise in stock performance for the past week, with a -9.77% drop in the past month, and a 27.62% rise in the past quarter. The volatility ratio for the week is 11.40%, and the volatility levels for the past 30 days are at 12.53% for DBGI. The simple moving average for the past 20 days is -16.57% for DBGI’s stock, with a -50.39% simple moving average for the past 200 days.
DBGI Trading at -20.53% 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 -90.63% of loss for the given period.
Volatility was left at 12.53%, however, over the last 30 days, the volatility rate increased by 11.40%, as shares sank -12.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.60% upper at present.
During the last 5 trading sessions, DBGI rose by +9.41%, which changed the moving average for the period of 200-days by -79.91% in comparison to the 20-day moving average, which settled at $3.74. In addition, Digital Brands Group Inc saw -3.98% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DBGI
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.45 for the gross margin
The net margin for Digital Brands Group Inc stands at -0.94. The total capital return value is set at -1.02.
Based on Digital Brands Group Inc (DBGI), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at -0.69. The debt to equity ratio resting at 5.41. The interest coverage ratio of the stock is -0.39.
Currently, EBITDA for the company is -10.25 million with net debt to EBITDA at -0.84. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 37.89for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.24.
Conclusion
In conclusion, Digital Brands Group Inc (DBGI) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
