Healthy Upside Potential: Digital Brands Group Inc. (DBGI)

Digital Brands Group Inc. (NASDAQ: DBGI) stock fell -3.35% on Monday to $10.66 against a previous-day closing price of $11.03. With 20974.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.21 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $11.24 whereas the lowest price it dropped to was $10.46. The 52-week range on DBGI shows that it touched its highest point at $324.50 and its lowest point at $7.34 during that stretch. Beta for the stock currently stands at 0.61.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DBGI was up-trending over the past week, with a rise of 4.41%, but this was down by -26.74% over a month. Three-month performance dropped to -40.03% while six-month performance fell -65.61%. The stock lost -96.65% in the past year, while it has lost -89.90% so far this year.

Float and Shares Shorts:

At present, 0.32 million DBGI shares are outstanding with a float of 0.24 million shares on hand for trading. On Aug 30, 2023, short shares totaled 79640.0, which was 25.12% higher than short shares on Jul 30, 2023. In addition to Mr. John Hilburn Davis IV as the firm’s Pres, CEO & Director, Mr. Reid William Yeoman serves as its Chief Financial Officer.

Institutional Ownership:

Other institutions hold 2.75% of DBGI, in contrast to 0.34% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DBGI with 1.09% of the stake, HRT Financial LLC holds 3,451 shares worth 3,451. A second-largest stockholder of DBGI, SSgA Funds Management, Inc., holds 1,176 shares, controlling over 0.37% of the firm’s shares. Walleye Capital LLC is the third largest shareholder in DBGI, holding 1,125 shares or 0.36% stake. With a 0.33% stake in DBGI, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 1,049 shares are owned by the mutual fund manager. The Fidelity Series Total Market Inde, which owns about 0.01% of DBGI stock, is the second-largest Mutual Fund holder. It holds 15 shares valued at 177.0. Fidelity Extended Market Index Fu holds 0.00% of the stake in DBGI, owning 5 shares worth 59.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, DBGI reported revenue of $3.74M and operating income of -$4.75M. The EBITDA in the recently reported quarter was -$848.22k and diluted EPS was -$661.75.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DBGI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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