Digital Brands Group Inc (NASDAQ: DBGI) Emerges As Guiding Light For Investors

Digital Brands Group Inc (NASDAQ:DBGI) currently has a daily average trading volume of 5.17M but it saw 10209609 shares traded in last market. With a market cap of 0.92M USD, the company’s current market price of $0.24 came falling about -4.57 while comparing to the previous closing price of $0.25. 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 $0.2355 while lowest mark touched by it was $0.341.

Taking a look at 20-day trading activity of Digital Brands Group Inc (DBGI) gives us an average price of $0.2543, while its current price level is -98.11% below from 52-week high level whereas it is 66.90% 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 $0.5306 while that of 200 days or SMA-200 reads an average of $2.1036. A closer look into the stock’s movement over the week reveals that its volatility is standing at 79.15% during that period while stretching the period over a month that decreases to 38.33%. 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 40.35 which implies that the stock is in neutral territory.

Over the week, DBGI’s stock price is moving 21.00% up while it is -39.50% when we observe its performance for the past one month. Year-to-date it is -92.60% down and over the past year, the stock is showing a downside performance of -94.88%.

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 1.04. Stock has a price to book (P/B) ratio of 0.20 while price to sale or P/S ratio amounts to 0.07. Its return on asset (ROA) is -50.86% on average.