Direct Digital Holdings Inc (NASDAQ: DRCT) has experienced a decline in its stock price by -18.65 compared to its previous closing price of 1.93. However, the company has seen a fall of -39.15% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-15 that Direct Digital Holdings, Inc. (NASDAQ:DRCT ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Brett Milotte – Investor Relations, ICR Mark Walker – Chairman & Chief Executive Officer Diana Diaz – Chief Financial Officer Conference Call Participants Dan Kurnos – The Benchmark Company Michael Kupinski – NOBLE Capital Markets Operator Good day, everyone, and welcome to the Direct Digital Holdings Third Quarter 2024 Earnings Call. At this time, I would like to hand the call over to Mr.
Is It Worth Investing in Direct Digital Holdings Inc (NASDAQ: DRCT) Right Now?
Additionally, the 36-month beta value for DRCT is 7.15. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DRCT is 3.22M and currently, short sellers hold a 3.74% ratio of that float. The average trading volume of DRCT on November 18, 2024 was 90.10K shares.
DRCT’s Market Performance
DRCT stock saw a decrease of -39.15% in the past week, with a monthly decline of -46.05% and a quarterly a decrease of -52.28%. The volatility ratio for the week is 15.98%, and the volatility levels for the last 30 days are 11.66% for Direct Digital Holdings Inc (DRCT). The simple moving average for the past 20 days is -38.49% for DRCT’s stock, with a -78.35% simple moving average for the past 200 days.
DRCT Trading at -36.97% 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 -95.62% of loss for the given period.
Volatility was left at 11.66%, however, over the last 30 days, the volatility rate increased by 15.98%, as shares sank -46.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.53% lower at present.
During the last 5 trading sessions, DRCT fell by -39.15%, which changed the moving average for the period of 200-days by -85.45% in comparison to the 20-day moving average, which settled at $2.5525. In addition, Direct Digital Holdings Inc saw -89.45% 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 Mark Walker, who proposed sale 277,291 shares at the price of $1.97 back on Nov 15 ’24. After this action, Mark Walker now owns shares of Direct Digital Holdings Inc, valued at $546,263 using the latest closing price.
Keith Smith, the Officer of Direct Digital Holdings Inc, proposed sale 208,013 shares at $1.93 during a trade that took place back on Nov 15 ’24, which means that Keith Smith is holding shares at $401,465 based on the most recent closing price.
Stock Fundamentals for DRCT
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.2 for the gross margin
The net margin for Direct Digital Holdings Inc stands at -0.13. The total capital return value is set at 0.61. Equity return is now at value -320.07, with -8.95 for asset returns.
Based on Direct Digital Holdings Inc (DRCT), the company’s capital structure generated 1.66 points at debt to capital in total, while cash flow to debt ratio is standing at -0.32. The debt to equity ratio resting at -2.52. The interest coverage ratio of the stock is -3.38.
Currently, EBITDA for the company is 0.47 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 0.42. The receivables turnover for the company is 14.89for trailing twelve months and the total asset turnover is 3.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.
Conclusion
In conclusion, Direct Digital Holdings Inc (DRCT) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
