The stock of Solo Brands Inc (DTC) has seen a 16.67% increase in the past week, with a -3.08% drop in the past month, and a -10.64% decrease in the past quarter. The volatility ratio for the week is 10.40%, and the volatility levels for the past 30 days are at 8.29% for DTC. The simple moving average for the past 20 days is 0.60% for DTC’s stock, with a -31.53% simple moving average for the past 200 days.
Is It Worth Investing in Solo Brands Inc (NYSE: DTC) Right Now?
DTC has 36-month beta value of 2.56. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for DTC is 27.52M, and currently, short sellers hold a 9.24% ratio of that float. The average trading volume of DTC on November 28, 2024 was 251.43K shares.
DTC) stock’s latest price update
The stock price of Solo Brands Inc (NYSE: DTC) has dropped by -7.35 compared to previous close of 1.36. Despite this, the company has seen a gain of 16.67% in its stock price over the last five trading days. newsfilecorp.com reported 2024-11-22 that Vancouver, British Columbia–(Newsfile Corp. – November 22, 2024) – DEFENCE THERAPEUTICS INC. (CSE: DTC) (OTCQB: DTCFF) (FSE: DTC) (“Defence” or the “Company”), a Canadian biopharmaceutical company developing radiopharmaceuticals and ADC products using its proprietary platform and drug delivery technologies in addition to novel immune-oncology vaccines, announces that it has closed its offering of unsecured convertible debentures (the “New Debentures”) for aggregate gross proceeds of CAD$1,476,000 (the “Offering”) in consideration for the settlement of the principal amounts owing to holders of the Previous Debentures (as defined below) (the “Outstanding Debt”).
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 -4.86% 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 -80.19% of loss for the given period.
Volatility was left at 8.29%, however, over the last 30 days, the volatility rate increased by 10.40%, as shares sank -3.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.65% lower at present.
During the last 5 trading sessions, DTC rose by +16.67%, which changed the moving average for the period of 200-days by -54.51% in comparison to the 20-day moving average, which settled at $1.2525. In addition, Solo Brands Inc saw -79.55% 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:
- -0.23 for the present operating margin
- 0.52 for the gross margin
The net margin for Solo Brands Inc stands at -0.51. The total capital return value is set at -0.25. Equity return is now at value -75.76, with -27.57 for asset returns.
Based on Solo Brands Inc (DTC), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.96. The interest coverage ratio of the stock is -7.91.
Currently, EBITDA for the company is 48.47 million with net debt to EBITDA at -0.55. When we switch over and look at the enterprise to sales, we see a ratio of 0.62. The receivables turnover for the company is 12.45for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
To put it simply, Solo Brands Inc (DTC) has had a bad performance in recent times. Analysts have a mixed 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.
