Predicting Future Price Moves In Digital Brands Group Inc (DBGI)

Digital Brands Group Inc (NASDAQ:DBGI) does about 13.52M shares in volume on a normal day but saw 5292376 shares change hands in the recent trading day. The company now has a market cap of 2.78M USD. Its current market price is $0.10, marking a decrease of -0.10% compared to the previous close of $0.10. The 52 week high reached by this stock is $12.80 whilst the lowest price level in 52 weeks is $0.09.

Digital Brands Group Inc (DBGI) has a 20-day trading average at $0.1485 and the current price is -99.23% off the 52-week high compared with 14.47% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2751 and its 200-day simple moving average is $1.8975. If we look at the stock’s price movements over the week, volatility stands at 34.04%, which increases to 40.79% 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 37.65 to suggest the stock is neutral.

The current price level is -33.38%, -64.06%, and -94.79% 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 -7.57% over the week and -52.34% over the past month. Its price is -96.98% year-to-date and -97.25% over the past year.

Outstanding shares total 15.82M with insiders holding 0.59% of the shares and institutional holders owning 0.22% of the company’s common stock. The company has a return on investment of -2372.67% and return on equity of -437.16%. The beta has a value of 1.16. Price to book ratio is 19.58 and price to sales ratio is 0.23.