The stock of Solo Brands Inc (DTC) has seen a 14.20% increase in the past week, with a -31.95% drop in the past month, and a -16.68% decrease in the past quarter. The volatility ratio for the week is 7.91%, and the volatility levels for the past 30 days are at 10.26% for DTC. The simple moving average for the past 20 days is -5.16% for DTC’s stock, with a -43.10% simple moving average for the past 200 days.
Is It Worth Investing in Solo Brands Inc (NYSE: DTC) Right Now?
Moreover, the 36-month beta value for DTC is 2.61. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DTC is 27.34M and currently, short sellers hold a 8.60% of that float. On August 23, 2024, DTC’s average trading volume was 370.93K shares.
DTC) stock’s latest price update
Solo Brands Inc (NYSE: DTC)’s stock price has plunge by 11.86relation to previous closing price of 1.46. Nevertheless, the company has seen a 14.20% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-13 that For the new season, every locally-produced game will stream live on new apps and air on broadcast over-the-air SUNRISE, Fla. and NEW YORK, Aug. 13, 2024 /PRNewswire/ — The reigning NHL Stanley Cup Champions, the Florida Panthers, have announced a strategic multi-year alliance with ViewLift, a leading digital content distribution and monetization platform, to launch a new fan-centric direct-to-consumer (DTC) streaming service.
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 -19.21% 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 -74.32% of loss for the given period.
Volatility was left at 10.26%, however, over the last 30 days, the volatility rate increased by 7.91%, as shares sank -34.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.21% lower at present.
During the last 5 trading sessions, DTC rose by +10.48%, which changed the moving average for the period of 200-days by -60.00% in comparison to the 20-day moving average, which settled at $1.6795. In addition, Solo Brands Inc saw -73.49% 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 134,826 shares at the price of $1.30 back on Aug 12 ’24. After this action, METZ CHRISTOPHER T now owns 500,000 shares of Solo Brands Inc, valued at $175,274 using the latest closing price.
METZ CHRISTOPHER T, the President & CEO of Solo Brands Inc, purchase 115,174 shares at $1.30 during a trade that took place back on Aug 09 ’24, which means that METZ CHRISTOPHER T is holding 365,174 shares at $149,530 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 0.55. 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
To wrap up, the performance of Solo Brands Inc (DTC) has been bad in recent times. The stock has received a mixed of “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.
