A Closer Look At Digital Brands Group Inc. (DBGI)’s Financials

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As of Wednesday close, Digital Brands Group Inc.’s (NASDAQ:DBGI) stock was up $1.0, moving up 23.36 percent to $5.28. The average number of shares traded per day over the past five days has been 2,199,640 shares. 4 times new highs have been achieved over the past 5 days, with a $1.17 gain in that time frame. In the last twenty days, the average volume was 1,263,492, while in the previous 50 days, it was 579,293.

Since last month, DBGI stock retreated -35.61%. Shares of the company fell to $3.21 on 11/21/22, the lowest level in the past month. A 52-week high of $321.30 was reached on 01/05/22 after having rallying from a 52-week low of $3.21. Since the beginning of this year, DBGI’s stock price has dropped by -97.70% or -$224.72, and marked a new high 3 times. However, the stock has declined by -98.36% since its 52-week high.


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Financial Health

On the profitability front, the trailing twelve-month gross margin is 47.60% percent. Based on annual data, DBGI earned $2.9 million in gross profit and brought in $7.58 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DBGI’s revenue rose 100.0% to $3.74 million during the quarter, while net income inched up to $3.42 million. During the quarter, the company generated -$0.24 million in EBITDA. The liabilities of Digital Brands Group Inc. were 47.53 million at the end of its most recent quarter, and its total debt was $17.98 million. The value of shareholders’ equity is $1.07 million.

Technical Picture

This quick technical analysis looks at Digital Brands Group Inc.’s (DBGI) price momentum. With a historical volatility rate of 205.15%, the RSI 9-day stood at 49.33% on 23 November.

With respect to its five-day moving average, the current Digital Brands Group Inc. price is up by +28.47% percent or $1.17. At present, DBGI shares trade -39.31% below its 20-day simple moving average and -73.21% percent below its 100-day simple moving average. However, the stock is currently trading approximately -59.38% below its SMA50 and -95.94% below its SMA200.

Stochastic coefficient K was 16.92% and Stochastic coefficient D was 10.47%, while ATR was 1.45. Given the Stochastic reading of 32.91% for the 14-day period, the RSI (14) reading has been calculated as 44.56%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.69.

Analyst Ratings

Digital Brands Group Inc. (DBGI) has been rated – by analysts. According to 0 brokerage firms, DBGI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Digital Brands Group Inc. stock as buy, with 0 recommending it as overweight.

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