Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Digital Brands Group Inc’s current trading price is -99.23% away from its 52-week high, while its distance from the 52-week low is 14.58%. The stock’s price range during this period has varied between $0.09 and $12.80. The company, active in the Consumer Cyclical sector, saw a trading volume of around 11.85 million for the day, considerably lower average daily volume of 13.33 million observed over the last three months.
Digital Brands Group Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $12.80 on 02/13/24, while the lowest price during the same period was $0.09 on 11/06/24.
How Financial Performance Impacts Market Capitalization
Digital Brands Group Inc (DBGI) has experienced a quarterly decline of -90.92% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.79M and boasts a workforce of 56 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.7531, with a change in price of -1.2710. Similarly, Digital Brands Group Inc recorded 8,819,612 in trading volume during the last 100 days, posting a change of -92.77%.
How DBGI’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for DBGI stands at 447.00. Similarly, the long-term debt-to-equity ratio is also 23.00.
DBGI Stock Stochastic Average
As of today, the raw stochastic average of Digital Brands Group Inc over the last 50 days is at 1.53%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 2.42%. Further, the company’s Stochastic %K and %D values for the last 20 days were 10.01% and 10.66%, respectively.
DBGI Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -96.97%. However, over the past six months, we’ve seen a stronger performance of -96.21%. The price of DBGI leaped by -50.50% over the last 30 days. And in the last five days, it has fallen by -13.16%.
