Spotting A Winner: Digital Brands Group Inc (NASDAQ: DBGI) Advances 4.58 And It Still Have Room To Run

Digital Brands Group Inc (NASDAQ:DBGI) currently has a daily average trading volume of 21.27M but it saw 16364424 shares traded in last market. With a market cap of 3.97M USD, the company’s current market price of $0.10 came rising about 4.58 while comparing to the previous closing price of $0.10. 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 $0.0931 while lowest mark touched by it was $0.114.

Taking a look at 20-day trading activity of Digital Brands Group Inc (DBGI) gives us an average price of $0.1168, while its current price level is -99.20% below from 52-week high level whereas it is 18.98% 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 $0.1774 while that of 200 days or SMA-200 reads an average of $1.6643. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.31% during that period while stretching the period over a month that increases to 22.65%. 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 39.81 which implies that the stock is in neutral territory.

Over the week, DBGI’s stock price is moving -9.35% down while it is 3.01% when we observe its performance for the past one month. Year-to-date it is -96.86% down and over the past year, the stock is showing a downside performance of -97.32%.

The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Digital Brands Group Inc’s total number of outstanding shares is 38.61M. Company’s return on investment (ROI) stands at -2372.67% and return on equity (ROE) at -437.16%. Stock’s beta reads 1.23. Stock has a price to book (P/B) ratio of 20.36 while price to sale or P/S ratio amounts to 0.33. Its return on asset (ROA) is -44.89% on average.