Digital Brands Group Inc. (NASDAQ:DBGI) saw an upside of 7.13% to close Friday at $0.62 after adding $0.04 on the day. The 5-day average trading volume is 3,161,600 shares of the company’s common stock. It has gained $0.9900 in the past week and touched a new high 2 times within the past 5 days. An average of 881,245 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 384,374.
DBGI’s 1-month performance is 9.37% or $0.0470 on its low of $0.3500 reached on 08/10/23. The company’s shares have touched a 52-week low of $0.35 and high of $16.81, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, DBGI has lost -85.23% or -$3.5965 and has reached a new high 3 times. However, the current price is down -96.29% from the 52-week high price.
Valuation Metrics
DBGI stock has a beta of 0.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.29.
Digital Brands Group Inc.’s quick ratio for the recent period was 0.10, with the current ratio over the same period at 0.20. In terms of profitability, the gross margin trailing 12 months is 44.20%. The trailing 12-month EBITDA margin is -98.54%. The firm’s gross profit as reported stood at $5.94 million against revenue of $13.97 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -27.52% to -$6.14 million, while revenue of -$15.78 million was -157.0% off the previous quarter. EBITDA for the quarter stood at more than -$1.21 million. DBGI stock balance sheet for the recent quarter shows that total liabilities totaled 40.99 million, with total debt at $14.2 million. Shareholders hold equity totaling $5.97 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 18 August was 58.26% to suggest the stock is trending Neutral, with historical volatility in this time period at 382.16%.
The stock’s 5-day moving average is $0.5645, reflecting a +69.43% or $0.2555 change from its current price. DBGI is currently trading +7.48% above its 20-day SMA, -56.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -16.87% and SMA200 by-91.09%.
Stochastic %K and %D was 48.72% and 43.52% and the average true range (ATR) pointed at 0.1306. The RSI (14) points at 55.36%, while the 14-day stochastic is at 42.73% with the period’s ATR at 0.1074. The stock’s 9-day MACD Oscillator is pointing at 0.1786 and 0.1737 on the 14-day charts.
