Should You Sell Digital Brands Group Inc (DBGI) And Go Away This Year?

Digital Brands Group Inc (NASDAQ:DBGI) currently has a daily average trading volume of 9.08M but it saw 51425610 shares traded in last market. With a market cap of 1.81M USD, the company’s current market price of $0.11 came falling about -5.99 while comparing to the previous closing price of $0.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.80 and as low as $0.09. In the recent trading on the day, stock has struck highest price mark of $0.106 while lowest mark touched by it was $0.145.

Taking a look at 20-day trading activity of Digital Brands Group Inc (DBGI) gives us an average price of $0.1761, while its current price level is -99.10% below from 52-week high level whereas it is 32.64% 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 $0.3750 while that of 200 days or SMA-200 reads an average of $1.9789. A closer look into the stock’s movement over the week reveals that its volatility is standing at 32.46% during that period while stretching the period over a month that increases to 40.79%. 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 34.87 which implies that the stock is in neutral territory.

Over the week, DBGI’s stock price is moving 10.19% up while it is -40.56% when we observe its performance for the past one month. Year-to-date it is -96.50% down and over the past year, the stock is showing a downside performance of -97.13%.

Currently, Digital Brands Group Inc’s total number of outstanding shares is 15.82M. Company’s return on investment (ROI) stands at -423.15% and return on equity (ROE) at -373.29%. Stock’s beta reads 1.24. Stock has a price to book (P/B) ratio of 0.10 while price to sale or P/S ratio amounts to 0.14. Its return on asset (ROA) is -50.86% on average.