The 36-month beta value for DTC is also noteworthy at 2.80. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for DTC is 27.38M, and at present, short sellers hold a 8.59% of that float. The average trading volume of DTC on August 12, 2024 was 370.50K shares.
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DTC) stock’s latest price update
Solo Brands Inc (NYSE: DTC)’s stock price has soared by 11.86 in relation to previous closing price of 1.18. Nevertheless, the company has seen a loss of -38.89% in its stock price over the last five trading days. globenewswire.com reported 2024-08-07 that Dublin, Aug. 07, 2024 (GLOBE NEWSWIRE) — The “Direct-to-Consumer (DTC) Genetic Testing – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. The global market for Direct-to-Consumer (DTC) Genetic Testing is estimated at US$1.3 Billion in 2023 and is projected to reach US$3.4 Billion by 2030, growing at a CAGR of 14.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
DTC’s Market Performance
DTC’s stock has fallen by -38.89% in the past week, with a monthly drop of -47.20% and a quarterly drop of -36.23%. The volatility ratio for the week is 22.00% while the volatility levels for the last 30 days are 9.33% for Solo Brands Inc The simple moving average for the past 20 days is -40.42% for DTC’s stock, with a -55.93% simple moving average for the past 200 days.
Analysts’ Opinion of DTC
Jefferies, on the other hand, stated in their research note that they expect to see DTC reach a price target of $4, previously predicting the price at $12. The rating they have provided for DTC stocks is “Hold” according to the report published on January 10th, 2024.
Citigroup gave a rating of “Neutral” to DTC, setting the target price at $4 in the report published on January 10th of the current year.
DTC Trading at -37.88% from the 50-Day Moving Average
After a stumble in the market that brought DTC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.11% of loss for the given period.
Volatility was left at 9.33%, however, over the last 30 days, the volatility rate increased by 22.00%, as shares sank -46.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.61% lower at present.
During the last 5 trading sessions, DTC fell by -38.89%, which changed the moving average for the period of 200-days by -66.75% in comparison to the 20-day moving average, which settled at $2.1575. In addition, Solo Brands Inc saw -78.57% 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 DTC starting from METZ CHRISTOPHER T, who purchase 49,310 shares at the price of $1.97 back on Jun 13 ’24. After this action, METZ CHRISTOPHER T now owns 250,000 shares of Solo Brands Inc, valued at $97,234 using the latest closing price.
METZ CHRISTOPHER T, the President & CEO of Solo Brands Inc, purchase 48,324 shares at $1.98 during a trade that took place back on Jun 12 ’24, which means that METZ CHRISTOPHER T is holding 200,690 shares at $95,662 based on the most recent closing price.
Stock Fundamentals for DTC
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.56 for the gross margin
The net margin for Solo Brands Inc stands at -0.26. The total capital return value is set at 0.01. Equity return is now at value -42.40, with -16.57 for asset returns.
Based on Solo Brands Inc (DTC), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is 0.37.
Currently, EBITDA for the company is 50.94 million with net debt to EBITDA at 5.44. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 8.98for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.49.
Conclusion
In summary, Solo Brands Inc (DTC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
