Dolphin Entertainment Inc. (DLPN): A Technical Analysis

DLPN has 36-month beta value of 1.96. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for DLPN is 13.19M, and currently, short sellers hold a 0.87% ratio of that float. The average trading volume of DLPN on July 11, 2024 was 119.75K shares.

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DLPN) stock’s latest price update

The stock of Dolphin Entertainment Inc. (NASDAQ: DLPN) has decreased by -9.86 when compared to last closing price of 0.80.Despite this, the company has seen a loss of -12.48% in its stock price over the last five trading days. accesswire.com reported 2024-07-09 that 42West’s Fandoms & Franchises Spotlights the Expo’s Community and Culture Through Content and Consumer Products  LOS ANGELES, CA / ACCESSWIRE / July 9, 2024 / Dolphin Entertainment, Inc. (NASDAQ:DLPN), a leading entertainment marketing and premium content production company, and its subsidiary, PR powerhouse 42West’s Fandoms & Franchises team represented BioWorld’s Atsuko, Crunchyroll, GKIDS, and TOHO at the 33rd annual Anime Expo. Renowned for building fan-first connections between consumers and brands across content, consumer products, video games, publishing/comics and creator representation, 42West’s Fandoms & Franchises captured the spirit and imagination of Japanese pop culture through managed fan engagements, media relations and special events for these industry giants.

DLPN’s Market Performance

Dolphin Entertainment Inc. (DLPN) has experienced a -12.48% fall in stock performance for the past week, with a -33.76% drop in the past month, and a -38.81% drop in the past quarter. The volatility ratio for the week is 10.99%, and the volatility levels for the past 30 days are at 7.04% for DLPN. The simple moving average for the past 20 days is -23.95% for DLPN’s stock, with a -48.66% simple moving average for the past 200 days.

Analysts’ Opinion of DLPN

Many brokerage firms have already submitted their reports for DLPN stocks, with Maxim Group repeating the rating for DLPN by listing it as a “Buy.” The predicted price for DLPN in the upcoming period, according to Maxim Group is $28 based on the research report published on August 02, 2021 of the previous year 2021.

Maxim Group, on the other hand, stated in their research note that they expect to see DLPN reach a price target of $4.50. The rating they have provided for DLPN stocks is “Buy” according to the report published on January 03rd, 2019.

DLPN Trading at -32.73% from the 50-Day Moving Average

After a stumble in the market that brought DLPN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.04% of loss for the given period.

Volatility was left at 7.04%, however, over the last 30 days, the volatility rate increased by 10.99%, as shares sank -31.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.83% lower at present.

During the last 5 trading sessions, DLPN fell by -12.48%, which changed the moving average for the period of 200-days by -55.98% in comparison to the 20-day moving average, which settled at $0.9330. In addition, Dolphin Entertainment Inc. saw -57.78% 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 DLPN starting from O’Dowd William IV, who purchase 4,800 shares at the price of $1.60 back on Dec 05 ’23. After this action, O’Dowd William IV now owns 142,186 shares of Dolphin Entertainment Inc., valued at $7,680 using the latest closing price.

O’Dowd William IV, the Chief Executive Officer of Dolphin Entertainment Inc., purchase 4,000 shares at $1.63 during a trade that took place back on Dec 04 ’23, which means that O’Dowd William IV is holding 137,386 shares at $6,528 based on the most recent closing price.

Stock Fundamentals for DLPN

Current profitability levels for the company are sitting at:

  • -0.21 for the present operating margin
  • 0.53 for the gross margin

The net margin for Dolphin Entertainment Inc. stands at -0.45. The total capital return value is set at -0.26. Equity return is now at value -83.68, with -31.29 for asset returns.

Based on Dolphin Entertainment Inc. (DLPN), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at -0.19. The debt to equity ratio resting at 1.09. The interest coverage ratio of the stock is -4.61.

Currently, EBITDA for the company is -4.1 million with net debt to EBITDA at -19.35. When we switch over and look at the enterprise to sales, we see a ratio of 0.66. The receivables turnover for the company is 3.46for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.

Conclusion

To put it simply, Dolphin Entertainment Inc. (DLPN) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.

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