Designer Brands Inc (NYSE:DBI) shares, rose in value, with the stock price down by -0.56% to the previous day’s close as strong demand from buyers drove the stock to $3.58.
Actively observing the price movement in the last trading, the stock closed the session at $3.60. 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 25.17% over the past month.
With the market capitalization of Designer Brands Inc currently standing at about $174.07 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 5.59%.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 7.51% and 9.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.48, while the 7-day volatility ratio is showing 9.14% which for the 30-day chart, stands at 5.89%. Furthermore, Designer Brands Inc (DBI)’s beta value is 1.80, and its average true range (ATR) is 0.25.
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 -0.56% in last session, and over the past year, it shrunk by -61.38%%.
Data on historical trading for Designer Brands Inc (NYSE:DBI) indicates that the trading volumes over the past 3 months, they’ve averaged 1.62 million. According to company’s latest data on outstanding shares, there are 40.21 million shares outstanding.
Nearly 30.74% of Designer Brands Inc’s shares belong to company insiders and institutional investors own 77.60% of the company’s shares. The stock has fallen by -32.96% 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.
