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Digital Brands Group Inc. (DBGI): Be Patient, You Will Learn

Digital Brands Group Inc. (NASDAQ:DBGI) concluded the trading at $5.28 on Wednesday, November 23 with a rise of 23.36% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $4.28 with its price kept floating in the range of $3.70 and $6.60 on the day. Considering stock’s 52-week price range provides that DBGI hit a high price of $321.30 and saw its price falling to a low level of $3.21 during that period. Over a period of past 1-month, stock came subtracting -35.61% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review DBGI stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the DBGI stock which is currently positioned at 0. It further provides that stock’s current price level is -10.20% away from its 20-day simple moving average and is -36.10% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 44.56 while volatility remained at 32.52% over the past week which changes to 29.45% when measuring it over the past month. Average true range or ATR is currently at 1.59.

Having a second look at Digital Brands Group Inc. (NASDAQ:DBGI) provides that stock’s average daily trading volume for 3 months was 326.37K, while it jumped to 1.53 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 0.54 million.

The percentage of outstanding shares held by the insiders is 4.10% while it is 5.10% for the institutional holders. The figures also indicate that as of Oct 13, 2022, number of stock’s short shares was 2.95 million which implies a short ratio of 0.7. This shows up a 5.50% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 2.68 million in the previous month. Subtraction of -97.70% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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