How Have Insiders Been Trading Digital Brands Group Inc. (DBGI) Stock?

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Digital Brands Group Inc. (NASDAQ:DBGI) saw an upside of 16.34% to close Monday at $2.99 after adding $0.42 on the day. The 5-day average trading volume is 3,755,640 shares of the company’s common stock. It has gained $3.58 in the past week and touched a new high 2 times within the past 5 days. An average of 2,038,140 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,023,286.

DBGI’s 1-month performance is -19.41% or -$1.50 on its low of $2.38 reached on 01/20/23. The company’s shares have touched a 52-week low of $2.38 and high of $208.00, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, DBGI has lost -29.15% or -$1.23 and has reached a new high 3 times. However, the current price is down -98.56% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.72.

. In terms of profitability, the gross margin trailing 12 months is 46.50%. The firm’s gross profit as reported stood at $2.9 million against revenue of $7.58 million.

Earnings Surprise

Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 100.0% to -$4.89 million, while revenue of -$9.53 million was -94.89% off the previous quarter. EBITDA for the quarter stood at more than -$0.24 million. DBGI stock balance sheet for the recent quarter shows that total liabilities totaled 47.53 million, with total debt at $13.63 million. Shareholders hold equity totaling $1.07 million.

Let’s look briefly at Digital Brands Group Inc. (DBGI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 40.18% to suggest the stock is trending Neutral, with historical volatility in this time period at 151.43%.

The stock’s 5-day moving average is $2.75, reflecting a -11.28% or -$0.38 change from its current price. DBGI is currently trading -20.05% above its 20-day SMA, -79.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -37.97% and SMA200 by-97.68%.

Stochastic %K and %D was 13.73% and 6.24% and the average true range (ATR) pointed at 0.54. The RSI (14) points at 40.37%, while the 14-day stochastic is at 32.28% with the period’s ATR at 0.63. The stock’s 9-day MACD Oscillator is pointing at -0.41 and -0.67 on the 14-day charts.

Analyst Ratings

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