Digital Brands Group Inc. (DBGI) 20 Days SMA touches -4.16%: The odds favor the bear

Digital Brands Group Inc. (NASDAQ: DBGI) on June 21, 2022, started off the session at the price of $0.1959, plunging -4.50% from the previous trading day. During the day, the shares moved up to $0.2029 and dropped to $0.1793 before settling in for the closing price of $0.19. Within the past 52 weeks, DBGI’s price has moved between $0.16 and $8.80.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


The company achieved an average annual earnings per share of -311.60%. With a float of $10.20 million, this company’s outstanding shares have now reached $13.23 million.

Considering the fact that the conglomerate employs 58 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +22.08, operating margin of -252.93, and the pretax margin is -441.12.

Digital Brands Group Inc. (DBGI) Insider Activity

Observing investor behavior towards Apparel Retail industry stocks is more important than anything else. The insider ownership of Digital Brands Group Inc. is 4.20%, while institutional ownership is 3.60%.

Digital Brands Group Inc. (DBGI) Earnings and Forecasts

This company achieved a net margin of -426.61.

According to the Wall Street analysts, stocks earnings will be around -311.60% per share during the next fiscal year.

Digital Brands Group Inc. (NASDAQ: DBGI) Trading Performance Indicators

Digital Brands Group Inc. (DBGI) is currently performing well based on its current performance indicators. A quick ratio of 0.10 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.01.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.68

Technical Analysis of Digital Brands Group Inc. (DBGI)

Compared to the last year’s volume of 2.59 million, its volume of 5.0 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 33.58%. Additionally, its Average True Range was 0.03.

During the past 100 days, Digital Brands Group Inc.’s (DBGI) raw stochastic average was set at 1.18%, which indicates a significant decrease from 26.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 152.57% in the past 14 days, which was lower than the 204.07% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.4433, while its 200-day Moving Average is $1.8202. Nevertheless, the first resistance level for the watch stands at $0.1972 in the near term. At $0.2119, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.2208. If the price goes on to break the first support level at $0.1736, it is likely to go to the next support level at $0.1647. Should the price break the second support level, the third support level stands at $0.1500.

Digital Brands Group Inc. (NASDAQ: DBGI) Key Stats

Market capitalization of the company is 10.71 million based on 13,876K outstanding shares. Right now, sales total 7,580 K and income totals -32,360 K. The company made 3,430 K in profit during its latest quarter, and -7,830 K in sales during its previous quarter.

Latest

Citigroup Upgraded Nokia Oyj (NOK) To Buy with Price Target of $6.8

Nokia Oyj (NYSE: NOK), a communications equipment developer, is...

The Chart for Block Inc. (SQ) Stock Is Flashing Mixed Signals

In the first quarter, large investment funds expanded their...

What to Expect When Snap Inc. (SNAP) Reports Quarterly Earnings?

Snapchat, a social media platform owned by Snap Inc....

Getting Sustainable Earnings? Movado Group Inc. (MOV)

Movado Group Inc. (NYSE: MOV), the owner of the...

Newsletter

 

Don't miss

Chevron Corporation (CVX) provides details about its hydrogen future

The huge hydrogen investment plan of the oil and...

Healthy Upside Potential: Maxar Technologies Ltd. (MAXR)

In May 25 trading, shares of space business Maxar...

Atkore Inc. (ATKR) stock: Better Than You Think

Atkore Inc. (NYSE:ATKR), a manufacturer of infrastructure, electrical, and...

Provention Bio, Inc. (PRVB) Having a Robust Premarket After Abysmal Thursday

Provention Bio, Inc. (PRVB), a clinical stage biopharmaceutical company,...

Great Panther Mining Limited (GPL) with a beta value of 1.73 appears to be a promising investment opportunity.

Great Panther Mining Limited (AMEX: GPL) on June 28, 2022, started off the session at the price of $0.14, plunging -9.22% from the previous...

Now that Bit Digital Inc.’s volume has hit 1.59 million, investors get a glimpse of its size.

June 28, 2022, Bit Digital Inc. (NASDAQ: BTBT) trading session started at the price of $1.57, that was -5.73% drop from the session before....

A look at HashiCorp Inc.’s (HCP) recent performance gives investors their first glimpse of hope.

On June 28, 2022, HashiCorp Inc. (NASDAQ: HCP) opened at $31.34, lower -9.25% from the last session. During the day, the shares moved up...

LEAVE A REPLY

Please enter your comment!
Please enter your name here


129712

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

The 5 Best Growth Stocks 2022

100% free. stop anytime no spam