The price-to-earnings ratio for Direct Digital Holdings Inc (NASDAQ: DRCT) is above average at 16.13x. The 36-month beta value for DRCT is also noteworthy at 7.63. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for DRCT is 2.92M, and at present, short sellers hold a 1.90% of that float. The average trading volume of DRCT on September 20, 2024 was 103.46K shares.
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DRCT) stock’s latest price update
Direct Digital Holdings Inc (NASDAQ: DRCT) has experienced a decline in its stock price by -5.46 compared to its previous closing price of 2.38. However, the company has seen a fall of -10.36% in its stock price over the last five trading days. prnewswire.com reported 2024-08-27 that HOUSTON, Aug. 27, 2024 /PRNewswire/ — Today, Direct Digital Holdings, Inc. (the “Company”) reported that the Company received an additional delinquency notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on August 21, 2024, which indicated that, as a result of the delay in the Company’s filing of its Quarterly Report on Form 10-Q for the period ended June 30, 2024 (the “Q2 Form 10-Q”) by the applicable due date, the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the “SEC”). The additional delinquency could serve as an additional basis for the delisting of the Company’s securities from Nasdaq.
DRCT’s Market Performance
Direct Digital Holdings Inc (DRCT) has experienced a -10.36% fall in stock performance for the past week, with a -31.40% drop in the past month, and a -41.41% drop in the past quarter. The volatility ratio for the week is 10.42%, and the volatility levels for the past 30 days are at 10.01% for DRCT. The simple moving average for the past 20 days is -19.70% for DRCT’s stock, with a -75.66% simple moving average for the past 200 days.
DRCT Trading at -33.64% 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 -93.73% of loss for the given period.
Volatility was left at 10.01%, however, over the last 30 days, the volatility rate increased by 10.42%, as shares sank -30.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.41% lower at present.
During the last 5 trading sessions, DRCT fell by -10.36%, which changed the moving average for the period of 200-days by -81.47% in comparison to the 20-day moving average, which settled at $2.75. In addition, Direct Digital Holdings Inc saw -84.88% 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 Leatherberry Antoinette Renee, who sale 2,890 shares at the price of $5.10 back on Jun 14 ’24. After this action, Leatherberry Antoinette Renee now owns 38,071 shares of Direct Digital Holdings Inc, valued at $14,752 using the latest closing price.
Locke Mistelle, the Director of Direct Digital Holdings Inc, sale 1,098 shares at $5.22 during a trade that took place back on Jun 14 ’24, which means that Locke Mistelle is holding 12,634 shares at $5,732 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 0.37. 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 summary, Direct Digital Holdings Inc (DRCT) has had a bad performance as of late. Analysts have bullish 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.
