Solo Brands Inc (NYSE:DTC) price on Thursday, March 20, fall -9.71% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.21.
A look at the stock’s price movement, the close in the last trading session was $0.23, moving within a range at $0.2042 and $0.2342. The beta value (5-Year monthly) was 2.487. Turning to its 52-week performance, $2.57 and $0.19 were the 52-week high and 52-week low respectively. Overall, DTC moved -76.44% over the past month.
Solo Brands Inc’s market cap currently stands at around $19.30 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-11.
Analysts have a consensus estimate of 80.03M for the company’s revenue for the quarter, with a low and high estimate of 75M and 84M respectively. The average forecast suggests down to a -6.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 439.73M, representing a -3.26% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DTC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 8 recommend DTC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DTC’s current price about -62.69% and -74.58% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 14.86, while 7-day volatility ratio is 19.03% and 15.71% in the 30-day chart. Further, Solo Brands Inc (DTC) has a beta value of 2.78, and an average true range (ATR) of 0.07. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $1.35 and high of $11. Looking at the price targets, the low is -542.86% off current price level while to achieve the yearly target high, price needs to move -5138.1%. Nonetheless, investors will most likely welcome a -1328.57% jump to $3 which is the analysts’ median price.
If we refocus on Solo Brands Inc (NYSE:DTC), historical trading data shows that trading volumes averaged 2.35 over the past 10 days and 592.58K over the past 3 months. The company’s latest data on shares outstanding shows there are 58.80 million shares.
The 53.20% of Solo Brands Inc’s shares are in the hands of company insiders while institutional holders own 30.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.78 million on 2025-02-28, giving us a short ratio of 10.5. The data shows that as of 2025-02-28 short interest in Solo Brands Inc (DTC) stood at 977.9999399999999 of shares outstanding, with shares short rising to 2.28 million registered in 2025-01-31. Current price change has pushed the stock -81.65% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DTC stock continues to rise going into the next quarter.
