As of Wednesday close, Digital Brands Group Inc.’s (NASDAQ:DBGI) stock was up $2.86, moving up 33.57 percent to $11.38. The average number of shares traded per day over the past five days has been 1,398,140 shares. 3 times new highs have been achieved over the past 5 days, with a $0.57 gain in that time frame. In the last twenty days, the average volume was 422,971, while in the previous 50 days, it was 170,549.
Since last month, DBGI stock retreated -20.18%. Shares of the company fell to $7.34 on 08/28/23, the lowest level in the past month. A 52-week high of $381.00 was reached on 01/11/23 after having rallying from a 52-week low of $7.34. Since the beginning of this year, DBGI’s stock price has dropped by -89.21% or -$94.12, and marked a new high 3 times. However, the stock has declined by -97.01% since its 52-week high.
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Valuation Metrics
Right now, Digital Brands Group Inc. (DBGI) has a P/E ratio of about 0.02. The stock’s beta is 0.70.
Financial Health
In the recent quarter, Digital Brands Group Inc.’s quick ratio stood at 0.10, while its current ratio was 0.20, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 44.20% percent. Based on annual data, DBGI earned $5.94 million in gross profit and brought in $13.97 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 -486.30%. Return on equity (ROE) for the past 12 months was 340.30%.
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 13.82% to $5.1 million during the quarter, while net income inched up to $4.34 million. During the quarter, the company generated $8.63 million in EBITDA. The liabilities of Digital Brands Group Inc. were 23.13 million at the end of its most recent quarter, and its total debt was $7.69 million. The value of shareholders’ equity is $0.32 million.
Technical Picture
This quick technical analysis looks at Digital Brands Group Inc.’s (DBGI) price momentum. With a historical volatility rate of 301.78%, the RSI 9-day stood at 49.71% on 30 August.
With respect to its five-day moving average, the current Digital Brands Group Inc. price is up by +5.27% percent or $0.57. At present, DBGI shares trade -15.72% below its 20-day simple moving average and -62.07% percent below its 100-day simple moving average. However, the stock is currently trading approximately -37.21% below its SMA50 and -90.93% below its SMA200.
Stochastic coefficient K was 11.58% and Stochastic coefficient D was 7.85%, while ATR was 3.95. Given the Stochastic reading of 23.21% for the 14-day period, the RSI (14) reading has been calculated as 47.86%. As of today, the MACD Oscillator reading stands at -1.96, while the 14-day reading stands at -2.50.
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.
