Digital Brands Group Inc (DBGI): Uncovering A True Diamond In The Rough

Digital Brands Group Inc (NASDAQ:DBGI) currently has a daily average trading volume of 2.26M but it saw 2913574 shares traded in last market. With a market cap of 0.76M USD, the company’s current market price of $0.20 came falling about -1.96 while comparing to the previous closing price of $0.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.80 and as low as $0.14. In the recent trading on the day, stock has struck highest price mark of $0.1751 while lowest mark touched by it was $0.2.

Taking a look at 20-day trading activity of Digital Brands Group Inc (DBGI) gives us an average price of $0.3011, while its current price level is -98.44% below from 52-week high level whereas it is 37.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.6066 while that of 200 days or SMA-200 reads an average of $2.1655. A closer look into the stock’s movement over the week reveals that its volatility is standing at 30.54% during that period while stretching the period over a month that decreases to 23.00%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 28.61 which implies that the stock is in oversold territory.

Over the week, DBGI’s stock price is moving 11.11% up while it is -59.13% when we observe its performance for the past one month. Year-to-date it is -93.88% down and over the past year, the stock is showing a downside performance of -96.56%.

Currently, Digital Brands Group Inc’s total number of outstanding shares is 3.79M. Company’s return on investment (ROI) stands at -423.15% and return on equity (ROE) at -373.29%. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 0.17 while price to sale or P/S ratio amounts to 0.06. Its return on asset (ROA) is -50.86% on average.