As of Thursday close, Solo Brands Inc.’s (NYSE:DTC) stock was up $0.24, moving up 4.32 percent to $5.79. The average number of shares traded per day over the past five days has been 833,700 shares. 3 times new highs have been achieved over the past 5 days, with a $0.24 gain in that time frame. In the last twenty days, the average volume was 503,750, while in the previous 50 days, it was 644,892.
Since last month, DTC stock rose 4.89%. Shares of the company fell to $5.11 on 07/17/23, the lowest level in the past month. A 52-week high of $8.86 was reached on 05/04/23 after having rallying from a 52-week low of $3.39. Since the beginning of this year, DTC’s stock price has risen by 55.65% or $2.07, and marked a new high 27 times. However, the stock has declined by -34.62% since its 52-week high.
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DTC stock investors should be aware that Solo Brands Inc. (DTC) stock had its last reported insider trading activity 80 days ago on May 16. NB Alternatives Advisers LLC, the 10% Owner of the company, disposed of 6,255,595 shares for $5.00 on May 16. It resulted in a $31,277,975 divestment by the insider. BERTRAM GROWTH CAPITAL III, L. sold 4,903,450 shares at an average price of $5.00 on May 16. The insider now owns 491,697 shares following the transaction. On May 16, 10% Owner BERTRAM GROWTH CAPITAL III ANN sold 3,603,064 shares at $5.00 apiece. The transaction was valued at $18,015,320.
Valuation Metrics
The stock’s beta is 2.64. Besides these, the trailing price-to-sales (P/S) ratio of 1.02, the price-to-book (PB) ratio of 1.00, and the price-to-cash flow ratio of 8.45 may also be considered.
Financial Health
In the three months ended March 30, Solo Brands Inc.’s quick ratio stood at 1.00, while its current ratio was 3.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.28, and the total debt-to-equity ratio was 0.29. On the profitability front, the trailing twelve-month gross margin is 61.80% percent. In the year ended March 30, EBITDA margin amounted to 10.73%, whereas operating margins totaled 1.30%. Based on annual data, DTC earned $318.18 million in gross profit and brought in $517.63 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.10%. Return on equity (ROE) for the past 12 months was -0.60%.
In Solo Brands Inc.’s quarter-end financial report for March 30, it reported total debt of $102.35 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DTC’s revenue rose 6.81% to $197.24 million during the quarter, while net income inched up to $88.21 million. While analysts expected Solo Brands Inc. to report $0.09 quarterly earnings, the actual figure was $0.16 per share, beating the consensus estimate by 77.80%. During the quarter, the company generated $9.54 million in EBITDA. The liabilities of Solo Brands Inc. were 265.42 million at the end of its most recent quarter ended March 30. The value of shareholders’ equity is $96.25 million.
Technical Picture
This quick technical analysis looks at Solo Brands Inc.’s (DTC) price momentum. With a historical volatility rate of 54.05%, the RSI 9-day stood at 58.17% on 03 August.
With respect to its five-day moving average, the current Solo Brands Inc. price is up by +4.32% percent or $0.24. At present, DTC shares trade +7.42% above its 20-day simple moving average and +5.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.09% above its SMA50 and +48.46% above its SMA200.
Stochastic coefficient K was 73.39% and Stochastic coefficient D was 82.73%, while ATR was 0.26. Given the Stochastic reading of 74.73% for the 14-day period, the RSI (14) reading has been calculated as 56.89%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at 0.10.
Analyst Ratings
Solo Brands Inc. (DTC) has been rated Buy by analysts. According to 0 brokerage firms, DTC 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 Solo Brands Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $10.50, the current consensus forecast for the stock is $9.00 – $12.00. Based on these forecasts, analysts predict Solo Brands Inc. (DTC) will achieve an average price target of $10.67.
