Designer Brands Inc (NYSE:DBI) shares, rose in value on Thursday, May 08, with the stock price up by 4.78% to the previous day’s close as strong demand from buyers drove the stock to $3.29.
Actively observing the price movement in the last trading, the stock closed the session at $3.14. Referring to stock’s 52-week performance, its high was $11.06, and the low was $2.43. On the whole, DBI has fluctuated by 24.15% over the past month.
With the market capitalization of Designer Brands Inc currently standing at about $159.96 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 6.08%.
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 50% 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 16.13% and -1.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.90, while the 7-day volatility ratio is showing 7.20% which for the 30-day chart, stands at 8.33%. Furthermore, Designer Brands Inc (DBI)’s beta value is 1.72, and its average true range (ATR) is 0.26.
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 4.78% in last session, and over the past year, it shrunk by -65.62%%.
Data on historical trading for Designer Brands Inc (NYSE:DBI) indicates that the trading volumes over the past 3 months, they’ve averaged 1.74 million. According to company’s latest data on outstanding shares, there are 40.21 million shares outstanding.
Nearly 31.11% of Designer Brands Inc’s shares belong to company insiders and institutional investors own 79.97% of the company’s shares. The stock has fallen by -38.39% 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.
