Digital Brands Group Inc (NASDAQ: DBGI) Stock Declined -15.70% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Digital Brands Group Inc (NASDAQ:DBGI) does about 180.72K shares in volume on a normal day but saw 7310352 shares change hands in the recent trading day. The company now has a market cap of 0.90M USD. Its current market price is $0.28, marking a decrease of -5.35% compared to the previous close of $0.30. The 52 week high reached by this stock is $12.80 whilst the lowest price level in 52 weeks is $0.26.

Digital Brands Group Inc (DBGI) has a 20-day trading average at $0.4397 and the current price is -97.79% off the 52-week high compared with 8.35% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7723 and its 200-day simple moving average is $2.2901. If we look at the stock’s price movements over the week, volatility stands at 21.20%, which decreases to 19.60% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 24.18 to suggest the stock is oversold.

The current price level is -38.72%, -64.34%, and -87.74% away from its SMA20, SMA50, and SMA200 respectively, with the DBGI price moving above the 50-day SMA on current market day. Digital Brands Group Inc (DBGI) stock is down -15.70% over the week and -69.50% over the past month. Its price is -91.35% year-to-date and -96.47% over the past year.

The company has a return on investment of -423.15% and return on equity of -373.29%. The beta has a value of 1.03. Price to book ratio is 0.24 and price to sales ratio is 0.07.