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The Stars are Aligning for Holders of Direct Digital Holdings Inc. (DRCT)

For the readers interested in the stock health of Direct Digital Holdings Inc. (DRCT). It is currently valued at $2.15. When the transactions were called off in the previous session, Stock hit the highs of $2.71, after setting-off with the price of $1.77. Company’s stock value dipped to $1.77 during the trading on the day. When the trading was stopped its value was $1.79.Recently in News on August 3, 2022, Direct Digital Holdings Announces Successful Extension To Existing Non-Dilutive Debt Facility. Direct Digital Holdings, Inc. (Nasdaq: DRCT) (“Direct Digital” or the “Company”), a leading advertising and marketing technology platform and owner of operating companies Colossus Media, LLC, Huddled Masses LLC and Orange142, LLC, today announced the successful completion of an extension to its existing debt facility. You can read further details here

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Direct Digital Holdings Inc. shares are logging -60.84% during the 52-week period from high price, and 85.34% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.16 and $5.49.

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The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 1480415 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Direct Digital Holdings Inc. (DRCT) recorded performance in the market was -28.33%, having the revenues showcasing -14.68% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 29.76M, as it employees total of 57 workers.

The Analysts eye on Direct Digital Holdings Inc. (DRCT)

During the last month, 0 analysts gave the Direct Digital Holdings Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.0300, with a change in the price was noted -0.24. In a similar fashion, Direct Digital Holdings Inc. posted a movement of -10.04% for the period of last 100 days, recording 2,298,231 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DRCT is recording 11.44 at the time of this writing. In addition, long term Debt to Equity ratio is set at 11.06.

Technical rundown of Direct Digital Holdings Inc. (DRCT)

Raw Stochastic average of Direct Digital Holdings Inc. in the period of last 50 days is set at 48.53%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 44.30%. In the last 20 days, the company’s Stochastic %K was 31.45% and its Stochastic %D was recorded 27.10%.

Considering, the past performance of Direct Digital Holdings Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -28.33%. The shares increased approximately by 27.98% in the 7-day charts and went down by 61.65% in the period of the last 30 days. Common stock shares were lifted by -14.68% during last recorded quarter.

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