The latest trade, Performances and Moving Averages give us the following Picture
The share price of Digital Brands Group Inc. (NASDAQ:DBGI) raised 13.28% to close Thursday’s market session at $5.97, higher as compared to yesterday’s close. The stock price fluctuated between $5.75 and $8.80 throughout the trading session with the volume trading being 40037128 shares, which represented a significant variation when compared to the three months average volume of 5.91 million shares. The firm’s stock price fluctuated 2.93% within the last five trades and 93.83% within the last 30 trades, which was a significant change from the beginning of this year. DBGI stock is trading at a margin of 36.16%, 56.48% and 56.48% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, DBGI deals in the Consumer Cyclical domain. The stock is trading -20.40 percent below its 52-week high and 113.21 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is null. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Digital Brands Group Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $62.64 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 11.96 that mirrors the cost to be found for sales by the market.