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Should Value Hunters Buy Digital Brands Group Inc. (NASDAQ: DBGI) Stock?

The trading price of Digital Brands Group Inc. (NASDAQ:DBGI) closed lower on Tuesday, June 21, closing at $0.18, -4.50% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $0.1793 and $0.2029. In examining the 52-week price action we see that the stock hit a 52-week high of $8.80 and a 52-week low of $0.16. Over the past month, the stock has lost -8.93% in value.

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Digital Brands Group Inc., whose market valuation is $10.71 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Digital Brands Group Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest DBGI has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that DBGI’s price is currently -4.16% off the SMA20 and -60.72% off the SMA50. The RSI metric on the 14-day chart is currently showing 33.14, and weekly volatility stands at 14.00%. When measured over the past 30 days, the indicator reaches 13.81%. Digital Brands Group Inc. (NASDAQ:DBGI)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.03.

To see how Digital Brands Group Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: DBGI stock’s performance was -4.50% in the latest trading, and -94.86% in the past year. Also in last trading session, the S&P 500 Index has surged 2.45%, while the Dow Jones Industrial also saw a positive session, up 2.15% on the day.

An evaluation of the daily trading volume of Digital Brands Group Inc. (NASDAQ:DBGI) indicates that the 3-month average is 4.17 million.

Currently, records show that 13.23 million of the company’s shares remain outstanding. The insiders hold 4.20% of outstanding shares, whereas institutions hold 3.60%. However, since the stock’s price has seen -92.06% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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