Designer Brands Inc (NYSE:DBI) shares, rose in value on Thursday, March 06, with the stock price down by -0.49% to the previous day’s close as strong demand from buyers drove the stock to $4.10.
Actively observing the price movement in the last trading, the stock closed the session at $4.12. Referring to stock’s 52-week performance, its high was $11.56, and the low was $3.49. On the whole, DBI has fluctuated by -18.49% over the past month.
With the market capitalization of Designer Brands Inc currently standing at about $196.51 million, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 4.88%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.02B, with a low estimate of 720M and a high estimate of 726.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 723.22M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DBI’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 price of DBI currently trading nearly -12.05% and -19.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.76, while the 7-day volatility ratio is showing 9.18% which for the 30-day chart, stands at 6.47%. Furthermore, Designer Brands Inc (DBI)’s beta value is 1.72, and its average true range (ATR) is 0.32.
A comparison of Designer Brands Inc (DBI) with its peers suggests the former has fared considerably weaker in the market. DBI showed an intraday change of -0.49% in last session, and over the past year, it shrunk by -60.58%%.
Data on historical trading for Designer Brands Inc (NYSE:DBI) indicates that the trading volumes over the past 3 months, they’ve averaged 1.75 million. According to company’s latest data on outstanding shares, there are 40.14 million shares outstanding.
Nearly 30.68% of Designer Brands Inc’s shares belong to company insiders and institutional investors own 83.42% of the company’s shares. The stock has fallen by -23.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DBI stock heading into the next quarter.
