Digital Brands Group Inc. (NASDAQ:DBGI) shares, rose in value on Thursday, 05/12/22, with the stock price up by 1.46% to the previous day’s close as strong demand from buyers drove the stock to $0.24.
Actively observing the price movement in the last trading, the stock closed the session at $0.23, falling within a range of $0.22 and $0.25. Referring to stock’s 52-week performance, its high was $8.80, and the low was $0.19. On the whole, DBGI has fluctuated by -78.27% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DBGI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DBGI currently trading nearly -64.43% and -79.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 19.99, while the 7-day volatility ratio is showing 18.27% which for the 30-day chart, stands at 13.23%. Furthermore, Digital Brands Group Inc. (DBGI)’s average true range (ATR) is 0.09.
Data on historical trading for Digital Brands Group Inc. (NASDAQ:DBGI) indicates that the trading volumes over the past 10 days have averaged 4.74 million and over the past 3 months, they’ve averaged 1.40 million. According to company’s latest data on outstanding shares, there are 12.76 million shares outstanding.
Nearly 25.19% of Digital Brands Group Inc.’s shares belong to company insiders and institutional investors own 13.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.36 million shares as on Feb 14, 2022, resulting in a short ratio of 0.59. According to the data, the short interest in Digital Brands Group Inc. (DBGI) stood at 2.83% of shares outstanding as of Feb 14, 2022; the number of short shares registered in Jan 13, 2022 reached 0.44 million. The stock has fallen by -89.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DBGI stock heading into the next quarter.