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Digital Brands Group Inc. (DBGI): Odds are Looking Good after Recent Activity

At the end of the latest market close, Digital Brands Group Inc. (DBGI) was valued at $3.33. In that particular session, Stock kicked-off at the price of $3.45 while reaching the peak value of $4.50 and lowest value recorded on the day was $3.40. The stock current value is $4.28.Recently in News on November 14, 2022, Digital Brands Group Reports Third Quarter 2022 Financial Results with a 58% Increase in Revenues. Digital Brands Group, Inc. (“DBG”)  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its third quarter ended September 30, 2022. You can read further details here

Digital Brands Group Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $275.00 on 01/05/22, with the lowest value was $3.21 for the same time period, recorded on 11/21/22.

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Digital Brands Group Inc. (DBGI) full year performance was -98.65%

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, Digital Brands Group Inc. shares are logging -98.73% during the 52-week period from high price, and 33.33% 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 $3.21 and $338.00.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 1836928 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 Digital Brands Group Inc. (DBGI) recorded performance in the market was -98.14%, having the revenues showcasing -72.58% 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 2.35M, as it employees total of 58 workers.

Digital Brands Group Inc. (DBGI) in the eye of market guru’s

During the last month, 0 analysts gave the Digital Brands Group 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 11.68, with a change in the price was noted -15.92. In a similar fashion, Digital Brands Group Inc. posted a movement of -78.81% for the period of last 100 days, recording 235,059 in trading volumes.

Digital Brands Group Inc. (DBGI): Stocks Technical analysis and Trends

Raw Stochastic average of Digital Brands Group Inc. in the period of last 50 days is set at 9.74%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 15.16%. In the last 20 days, the company’s Stochastic %K was 7.94% and its Stochastic %D was recorded 6.64%.

If we look into the earlier routines of Digital Brands Group 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 -98.14%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -73.90%, alongside a downfall of -98.65% for the period of the last 12 months. The shares increased approximately by -6.96% in the 7-day charts and went up by -50.52% in the period of the last 30 days. Common stock shares were lifted by -72.58% during last recorded quarter.

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