A better buy-in window may exist right now for Solo Brands Inc (DTC)

Solo Brands Inc (NYSE: DTC) stock jumped 1.31% on Friday to $4.65 against a previous-day closing price of $4.59. With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.55 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $4.6700 whereas the lowest price it dropped to was $4.3500. The 52-week range on DTC shows that it touched its highest point at $8.86 and its lowest point at $3.39 during that stretch. It currently has a 1-year price target of $9.40. Beta for the stock currently stands at 2.66.

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 DTC was up-trending over the past week, with a rise of 3.79%, but this was up by 14.81% over a month. Three-month performance dropped to -24.39% while six-month performance fell -8.64%. The stock lost -0.43% in the past year, while it has gained 25.00% so far this year. A look at the trailing 12-month EPS for DTC yields 0.38 with Next year EPS estimates of 1.03. For the next quarter, that number is 0.37. This implies an EPS growth rate of -8.71% for this year and 5.81% for next year.

Float and Shares Shorts:

At present, 63.65 million DTC shares are outstanding with a float of 26.28 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.66 million, which was 2.87% higher than short shares on Sep 28, 2023. In addition to Mr. John Merris as the firm’s President, CEO & Director, Ms. Somer Webb serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 91.54% of DTC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 24.62% of DTC, in contrast to 17.00% held by mutual funds. Shares owned by individuals account for 0.82%. As the largest shareholder in DTC with 7.19% of the stake, American Century Investment Manag holds 4,147,618 shares worth 4,147,618. A second-largest stockholder of DTC, The Vanguard Group, Inc., holds 1,705,531 shares, controlling over 2.96% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in DTC, holding 1,221,753 shares or 2.12% stake. With a 5.89% stake in DTC, the American Century Small Cap Value is the largest stakeholder. A total of 3,395,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.45% of DTC stock, is the second-largest Mutual Fund holder. It holds 833,123 shares valued at 3.21 million. Hodges Fund holds 0.87% of the stake in DTC, owning 500,000 shares worth 1.93 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DTC 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. With DTC analysts setting a high price target of $12.00 and a low target of $8.00, the average target price over the next 12 months is $9.40. Based on these targets, DTC could surge 158.06% to reach the target high and rise by 72.04% to reach the target low. Reaching the average price target will result in a growth of 102.15% from current levels.

Summary of Insider Activity:

Insiders traded DTC stock several times over the past three months with 3 Buys and 3 Sells. In these transactions, 16,197 shares were bought while 4,361 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 248,544 while 16,934,075 shares were sold.