The price-to-earnings ratio for Direct Digital Holdings Inc (NASDAQ: DRCT) is above average at 44.73x, Company’s 36-month beta value is 8.15.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DRCT is 2.54M, and currently, short sellers hold a 11.33% ratio of that floaft. The average trading volume of DRCT on April 25, 2024 was 228.34K shares.
DRCT) stock’s latest price update
The stock of Direct Digital Holdings Inc (NASDAQ: DRCT) has decreased by -9.96 when compared to last closing price of 6.93. Despite this, the company has experienced a -12.73% fall in its stock price over the last five trading sessions. Benzinga reported 2024-04-17 that The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
DRCT’s Market Performance
Direct Digital Holdings Inc (DRCT) has seen a -12.73% fall in stock performance for the week, with a -78.45% decline in the past month and a -47.91% plunge in the past quarter. The volatility ratio for the week is 11.89%, and the volatility levels for the past 30 days are at 13.37% for DRCT. The simple moving average for the past 20 days is -44.73% for DRCT’s stock, with a -30.76% simple moving average for the past 200 days.
DRCT Trading at -65.07% from the 50-Day Moving Average
After a stumble in the market that brought DRCT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.61% of loss for the given period.
Volatility was left at 13.37%, however, over the last 30 days, the volatility rate increased by 11.89%, as shares sank -76.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -53.91% lower at present.
During the last 5 trading sessions, DRCT fell by -12.73%, which changed the moving average for the period of 200-days by +113.70% in comparison to the 20-day moving average, which settled at $10.28. In addition, Direct Digital Holdings Inc saw -58.06% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DRCT starting from SMITH W KEITH, who sale 41,348 shares at the price of $10.22 back on Dec 12 ’23. After this action, SMITH W KEITH now owns 130,722 shares of Direct Digital Holdings Inc, valued at $422,577 using the latest closing price.
SMITH W KEITH, the President of Direct Digital Holdings Inc, sale 77,930 shares at $11.13 during a trade that took place back on Dec 11 ’23, which means that SMITH W KEITH is holding 172,070 shares at $867,361 based on the most recent closing price.
Stock Fundamentals for DRCT
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.21 for the gross margin
The net margin for Direct Digital Holdings Inc stands at 0.01. The total capital return value is set at 0.18. Equity return is now at value 57.37, with 3.12 for asset returns.
Based on Direct Digital Holdings Inc (DRCT), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 12.96. The interest coverage ratio of the stock is 3.65.
Currently, EBITDA for the company is 9.02 million with net debt to EBITDA at 2.82. When we switch over and look at the enterprise to sales, we see a ratio of 0.71. The receivables turnover for the company is 4.22for trailing twelve months and the total asset turnover is 2.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
In a nutshell, Direct Digital Holdings Inc (DRCT) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
