For the readers interested in the stock health of Digital Brands Group Inc. (DBGI). It is currently valued at $3.02. When the transactions were called off in the previous session, Stock hit the highs of $2.72, after setting-off with the price of $2.53. Company’s stock value dipped to $2.38 during the trading on the day. When the trading was stopped its value was $2.57.Recently in News on January 19, 2023, DBG Compliant with Nasdaq Listing Requirements. Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that on January 17, 2023, the Nasdaq Hearings Panel (the “Panel”) formally notified the Company that it has evidenced compliance with all applicable requirements for continued listing on The Nasdaq Capital Market, including the minimum stockholders’ equity requirement. The Company will remain subject to a 12-month monitoring period however, as described in Nasdaq Listing Rule 5815(d)(4)(A) (the “Panel Monitor”). In the event the Company fails to satisfy a continued listing requirement during the Panel Monitor, the Company will not be provided with the opportunity to present a compliance plan to Nasdaq’s Listing Qualifications Staff, which might otherwise be available under the Nasdaq Listing Rules, but would instead submit such plan directly to the Panel. 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 $4.27 on 01/11/23, with the lowest value was $2.38 for the same time period, recorded on 01/20/23.
Digital Brands Group Inc. (DBGI) full year performance was -98.07%
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 -98.55% during the 52-week period from high price, and 26.89% 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 $2.38 and $208.00.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 5981249 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 -39.10%, having the revenues showcasing -69.40% 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 9.10M, as it employees total of 58 workers.
Specialists analysis on Digital Brands Group Inc. (DBGI)
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 7.03, with a change in the price was noted -11.56. In a similar fashion, Digital Brands Group Inc. posted a movement of -79.34% for the period of last 100 days, recording 1,540,828 in trading volumes.
Trends and Technical analysis: Digital Brands Group Inc. (DBGI)
Raw Stochastic average of Digital Brands Group Inc. in the period of last 50 days is set at 8.99%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 17.40%. In the last 20 days, the company’s Stochastic %K was 8.77% and its Stochastic %D was recorded 4.59%.
Now, considering the stocks previous presentation, 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 -39.10%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -83.56%, alongside a downfall of -98.07% for the period of the last 12 months. The shares increased approximately by -23.96% in the 7-day charts and went up by -31.65% in the period of the last 30 days. Common stock shares were lifted by -69.40% during last recorded quarter.